(Philadelphia—December 8, 2020) Just one month after the opening of sales, real estate development advisory firm Urban Pace has sold 31 townhomes at Northbank, the largest new planned urban community in Philadelphia. Located on 30 acres along the Delaware River waterfront, at full buildout the residential community of Northbank will open the door to 358 townhomes and stacked condominiums, 550 multifamily rental apartments and 20,000 – 25,000 square feet of retail space.
“The rapid pace of sales speaks to Northbank’s blending of urban amenities with expansive waterfront green space, an unbeatable combination that buyers seek today. Although this is very much an urban neighborhood, the proximity to the river and parks make you feel like you are somewhere else. We are excited to see sales in the first phase take off so quickly, exceeding all expectations, and quickly establishing Northbank as the fastest selling townhome community in the entire Philadelphia region,” said Clint Mann, President of Urban Pace.
The spacious townhomes range from over 1,800 to 3,800 square feet and feature generous outdoor living and entertainment areas with views of the Delaware River and Philadelphia skyline. Buyers can choose from three- to five-bedroom floorplans and one- or two-car garages. Select units have private elevators and expansive rooftop decks. Homes at Northbank start in the high $400’s.
“Urban Pace has been our sales and marketing partner on several projects, and we turn to them again because of their excellent track record in delivering exceptional results. Their expertise and knowledge helped make our first project in Philadelphia, Southwark on Reed, one of the fastest selling townhome projects in Philadelphia,” said Devin Tuohey, Principal at The Concordia Group, which is developing the project in a joint venture with D3 Real Estate Development and The Resmark Companies.
This is the third Philadelphia community marketed by Urban Pace and developed by Concordia, D3 and Resmark. The partnership previously developed Southwark on Reed, a community of 91 townhomes at the site of South Philadelphia’s former Mt. Sinai Hospital, as well as The Locks, a 60-townhome community on an island between the Schuylkill River and the Manayunk Canal.
For more information on Northbank, please visit www.liveatnorthbank.com.
About Concordia Group
The Concordia Group specializes in the development of urban, infill residential and commercial real estate throughout the Mid-Atlantic region. The Principals of The Concordia Group have over 40 years of combined experience and expertise in different facets of real estate development and manage the intricacies of development with expertise and innovative solutions.
About D3 Real Estate Development
D3 is a Philadelphia-based civic-minded, design-driven real estate company focused on developing progressive, modern and high-quality residential and mixed-use communities and providing Owner’s Representative and Development Management services to organizations that require focused, experienced guidance and assistance with their real estate needs.
About Urban Pace
Urban Pace is the Mid-Atlantic leader in development real estate services including marketing, sales, leasing and advisory. As a Christie’s affiliate, we are the only firm with luxury and global reach. Founded in 2001, our team is the experienced authority having worked on more than 275 communities from large master planned sites to urban boutique buildings. We specialize in condominiums, townhomes, apartments and new construction sites across all price points. Combining our strategic approach and proprietary technology, UPvelocity™, we have a track record of driving traffic and revenue with extraordinary results. As part of a billion-dollar entity, The Long and Foster Companies, we have unmatched resources with a network of 11,000 agents and a dedicated Asia Pacific team.