Waterfront Condo Real Estate Normalizing

 

Inquirer | photo: David Swanson

Inquirer | photo: David Swanson

  • The Inquirer discusses the rebounding real estate market along the Delaware River. David Grasso has sold half of the 118 units unfilled by late 2011, when previous developer Doron Gelfand lost the receivership of the high-rise from Union Labor Life Insurance Co. On average, Grasso is selling one unit per week, at $413,000. He says that more and more buyers are coming from the suburbs, content with an affordable and eased transition into urban living.
About the author

Stephen Currall recently received his BA in history from Arcadia University. Before beginning doctoral studies, he is pursuing his interest in local history, specifically just how Philadelphians engage their vibrant past. Besides skimming through 18th century letters, Steve is also interested in music and travel.

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