Wednesday, January 3, 2018

Blatstein sells portion of waterfront property

By Natalie Kostelni  –  Reporter, Philadelphia Business Journal
Bart Blatstein’s Tower Investments has sold half of a parcel that the real estate company owns fronting the Delaware River at 1401 S. Columbus Blvd. in Philadelphia to a local residential developer.

U.S. Construction Inc. bought eight acres of the 16-acre property with plans to develop the residential portion of a proposed mixed-use project. The sale was north of $20 million. A representative from U.S. Construction, which is based in Philadelphia, couldn’t immediately be reached for comment.

Blatstein has been working for the last couple of years on a plan for the site, which is where Foxwoods Resort Casino had once hoped to build a project though those plans never materialized. In 2014, Blatstein bought the parcel that is bound by Reed and Tasker streets, South Columbus Boulevard and the Delaware River.
Full story: https://tinyurl.com/y8lcoubt

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