A little to the north of this suburban-style shopping center is another large parcel once owned by Mr. Blatstein that he will apparently soon own again. According to a story from the Inquirer from a week and a half ago, Blatstein has an agreement to purchase the land along the waterfront that was going to be the site for the Foxwoods Casino. It sits on Columbus Blvd., between Tasker and Reed Streets. And it's gigantic, as you might imagine. Interestingly, it was Blatstein who originally sold the land to the company that intended to open the casino, which clearly did not achieve that objective. It's an odd coincidence that Blatstein may end up with that same license that was revoked from them in 2010.
In November, when we checked in on 1440 S. 5th St., the a new home had been framed out and bricks were being laid. We passed by about a week ago, and the home looked to be mostly finished. Previously, there was a vacant lot at this site.
The new home
According to the listing, the home has 3 bedrooms, 2.5 bathrooms, and about 2,500 sqft of living space. It's on the market for just under $400K. And it certainly looks like no other home in the area. What do you think about the architecture? For some reason, we think the home looks like a ship.
The property is quite large, with 101' of frontage on both Tasker and Greenwich Streets. The parcel is almost 10K sqft, and the warehouse currently has about 18K sqft of interior squarefootage. It's listed for sale for $1.15M. The listing suggests that the property would be good for food cart storage, contractors, or a day care, but we see residential possibilities.