After a bit of a bidding war emerged for large plot of land in North Philly, some of which was originally intended for an affordable housing project, a bankruptcy judge is set to approve the sales of a portion of the properties to Project HOME.
On Tuesday, U.S. Bankruptcy Judge Magdeline D. Coleman said she would approve the sales of the now-bankrupt North Philadelphia Health System’s properties at Eighth Street and Girard Avenue for a combined $10.25 million, according to the Inquirer. Ironstone Real Estate Partners will acquire the majority of land for $8.5 million, while Project HOME will pay $1.7 million for additional parcels.