Developer Bart Blatstein, whose investment in Northern Liberties helped to turn a scruffy neighborhood into a hip destination, has sold 60 percent of his holdings there to a New York investor group.
Blatstein's Tower Investments Inc. said Thursday it had sold a controlling interest in the Piazza at Schmidts and Liberties Walk at Schmidt to Kushner Cos.
Blatstein did not disclose a purchase price. The property in the deal, however, is thought to have a value of about $130 million.
The acquisition is a joint venture between Kushner and Oaktree Capital Management L.P., a real estate investment fund.
Blatstein is among the six contenders for the city's second casino license. His project, anchored by the former headquarters of The Inquirer at 400 N. Broad St., would feature a casino as the focal point of an entertainment complex, with shopping, dining, and theaters.