Judge keeps intact Blatstein claim to Broad and Washington site
A Common Pleas Court judge has declined to strike down an assertion by developer Bart Blatstein that he retains a legal interest in the South Philadelphia property where he wants to build a massive apartment and retail complex.
A Common Pleas Court judge has declined to strike down an assertion by developer Bart Blatstein that he retains a legal interest in the South Philadelphia property where he wants to build a massive apartment and retail complex.
Judge Patricia McInerney's order on Friday keeps intact Blatstein's claim to a stake in the land at the northeast corner of Broad Street and Washington Avenue.
Property owner Hudson Realty Capital L.L.C. had argued that Blatstein's company forfeited its interest in the land after failing to complete its purchase by a March 15 deadline.
The New York-based real estate investment firm is separately seeking a judgment that its contract with the developer is no longer valid, and that it is entitled to damages because the purchase was not completed as scheduled.
Hudson attorney John A. Guernsey had no immediate comment. Blatstein lawyer Ronald J. Patterson did not return a call seeking comment.
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