South Philly’s Southwark on Reed More than 50% Sold


Philadelphia, PA, March 1, 2017 – Southwark on Reed, a new luxury townhome community in Philadelphia’s Pennsport neighborhood, has achieved a significant sales milestone with more than half of the residences sold.  Built on the site of the former site of Mt. Sinai Hospital in South Philadelphia, the 91 expansive and historically inspired townhomes at 400 Reed Street are selling at a rapid pace, attracting a variety of bu
yers from throughout the Mid-Atlantic region.

“We have sold more than half of the available townhomes in less than a year and, at this current rate, we are on track to sell out by the end of the year.  We are seeing strong interest from buyers who are drawn to the spaciousness and exceptional quality of these luxury townhomes and their convenient access to Center City, the newly developed Navy Yard, and the restaurants and retail establishments in the neighborhood and along the nearby East Passyunk Avenue corridor,” said Andrea Pientrinferno of Long & Foster, who is handling sales for the project.

With floorplans ranging in size from 2,300 to 3,200 square feet, the new South Philadelphia landmark offers owners’ suites that encompass the entire top floor with private outdoor terraces and sweeping views of the dazzling Philadelphia skyline and the Walt Whitman and Benjamin Franklin bridges.  Upscale features include ten-foot ceilings in the second floor living spaces and fourth floor master bedroom, open floor plans and designer kitchens.

“The sales success of Southwark on Reed speaks to the exceptional quality of these distinctive residences set against one of America’s most desirable urban backdrops.  One of the challenges of urban living is finding homes that provide plenty of space, proximity to city attractions and amenities, and even parking.  Southwark on Reed has it all,” said Matt Dewey, President of Urban Pace, marketing consultants for the development.

Southwark on Reed offers 16-, 18-, 20- and 22–foot wide townhomes with a selection of three to four bedrooms and multiple options of two-to-three full baths and as many as two half-baths.  The townhomes feature detailed brick and stone elevations and smart home options.  The townhomes have one-or two-car garages, particularly important in a parking-constrained area. Prices range from the $500,000’s to high $600,000’s.

Southwark on Reed was developed by a joint venture between D3 Real Estate Development, The Concordia Group and The Resmark Companies.

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

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, now a part of The Long & Foster Companies, provides marketing, sales, leasing and advisory services to real estate developers. Founded in 2001, Urban Pace has worked on more than 5 million square feet of property and over 5,000 units.  For more information, please visit or call 202-296-1203. Follow Urban Pace on Facebook, ( and Twitter (