PHILADELPHIA-Average units at this Reef tower in the Waterfront Square development sold for $329,000, lower than the original asking price of $470,000 before the recession, according to Philly.com's Joseph N. DiStefano. But Israeli developer Daron Gelfand was happy with selling 29 of 35 units.
Now there is an established price for the rest of the units, said the auctioneer, from Accelerated Marketing Partners. Waterfront Square is on the Fishtown waterfront area near the SugarHouse casino. So far, 51 of the 179 units in the building were sold. Click here to read the full Inquirer story.
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