Philadelphia Real Estate Developer Buys Daily News/Inquirer Building
Real Estate Developer Buys Daily News/Inquirer Building
Northern Liberties Developer Bart Blatstein purchased the Daily News/Inquirer Building and the adjacent garage/parking lot located at 400 N. Broad Street from Philadelphia Media Network for an undisclosed amount. Blatstein, who owns the Piazza at Schmidts to Northern Liberties has been on a bit of a spending spree lately having recently purchased the former State Office Building at Broad and Spring Garden streets for $21 million. Philadelphia Media Network has not decided whether it will move the two newspapers and Philly.com or lease space back from Blatstein. Rumors are that Blatstein will transform the building to include retail and dining on the first floor and residential apartments above.
Frank L. DeFazio, Esquire
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