Philadelphia’s Northbank Community Continues Explosive Sales Pace As Urban Pace Expands Its Market Footprint
(Philadelphia—April 12, 2021) Real estate development advisory firm Urban Pace has established an extraordinary sales pace for the townhomes at Philadelphia’s largest planned urban community, Northbank. Since sales opened in mid-October, Urban Pace has over 85 homes under contract, a pace that makes Northbank the market’s fastest selling townhome community.
The extraordinary results come at a time when Urban Pace is growing its market footprint beyond its home base of Washington, D.C.
“On the cusp of our company’s expansion into multiple new markets, Northbank is the third Philadelphia project to benefit from our exclusive sales and marketing programs,” said Clint Mann, President of Urban Pace. “The real estate market has endured exceptional stresses from the pandemic, and we’re delighted to be able to say we are recapturing the momentum we set for our clients on their two previous Philadelphia projects.”
Beautifully situated on 30 riverfront acres in Philadelphia, Northbank is designed to encompass a completed community of 420 townhomes and stacked condominiums, 290 multifamily rental apartments and 10-15,000 square feet of retail space. Residents will enjoy an expansive green space along the Delaware River, with easy access to urban amenities that include additional retail and dining options and a vibrant neighborhood setting.
Spacious three- to five-bedroom townhomes at Northbank start in the mid $500s. The range of three- to five-bedroom floorplans span 1,800 to 3,800 square feet. One- or two-car garage options complete a package of sought-after amenities that include outdoor living space and entertainment areas with skyline and river views. Select units also boast private elevators and rooftop decks. The model residences at Northbank are scheduled to open to the public on Saturday, June 12, 2021.
Northbank is the third luxury development in the Philadelphia market to be represented by Urban Pace and developed by a joint venture of The Concordia Group, D3 Real Estate Development and The Resmark Companies.
“We are delighted, but not surprised, that Urban Pace has set this sales and marketing milestone,” said Devin Tuohey, Principal at The Concordia Group. “We saw how their expertise helped propel another of our projects, Southwark on Reed, into one of Philadelphia’s fastest selling residential communities. With so many exceptional features at Northbank adding to the attraction, we expect the remarkable sales successes to continue.”
Southwark on Reed offers 91 townhomes at the site of South Philadelphia’s former Mt. Sinai Hospital. A third property developed by Concordia, D3 and Resmark, The Locks, boasts 60 townhomes on an island between the Schuylkill River and the Manayunk Canal and is currently sold out.
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 civic-minded, design-driven real estate company focused on developing sustainable, high-quality residential and mixed-use communities. D3 also provides Owner’s Representative and Construction Management services to organizations requiring 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.