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Riverfront townhouse project near SugarHouse sold to NY developer

Gotham Bedrock LLC paid $7 million for the 1.5-acre property between North Delaware Avenue and the Delaware River near Marlborough Street.

Artist’s rendering of townhouse proposal for land beside Penn Treaty Park on the Delaware River.
Artist’s rendering of townhouse proposal for land beside Penn Treaty Park on the Delaware River.Read moreAbitare Design Studio

A New York-based development team has acquired a 19-townhouse project along a strip of riverfront land facing the southern edge of Penn Treaty Park in Fishtown, near SugarHouse Casino.

Gotham Bedrock LLC paid $7 million last week for the 1.5-acre property between North Delaware Avenue and the Delaware River near Marlborough Street, George Polgar, a spokesman for seller Penn Treaty Views LLC, said in an email.

The property at 1143-51 N. Delaware Ave. has permits for construction of the row of four-story townhouses, most of them 3,800 square feet, designed by Philadelphia-based Abitare Design Studio, Polgar said.

Gotham Bedrock, led by principals Alex Halimi and Saul Mazor, plans to begin developing the site immediately, he said.

Penn Treaty Views is a partnership involving Northern Liberties-based developer Shovel Ready Projects LLC and Philadelphia-area music-venue impresarios Allen and Adam Spivak. The partnership acquired the site at auction in July 2016 for about $4 million, according to records filed with the city.

Shovel Ready also is marketing a nearby pier where the never-built Trump Tower Philadelphia was planned, with designs for a townhouse development at that site as well.