Bart Blatstein gives real estate advice at Lunch with City Leaders
We’re talking about a real estate leader here… the man owns most of hipster neighborhood Northern Liberties!
Bart Blastein, principal at Tower Investments, Inc. gave a good story from his childhood in Northeast Philadelphia: “When you grow up in the Northeast, it’s another world. They even have their own airport”, his first investments and successes: “I knew how to invest money at 23. I took my earnings and I bought a Porsche”, to his risk-taking deal “Most men do stupid thing when they’re in mid-life crisis” that conducted him to create Northern Liberties.
An enlightening story about the launching of Piazza at Schmidts and the double-murder that could have killed the place but instead create instant buzz, and the support shown by his tenants. And finally, as the audience tried to pick his brain on real-estate investments, some genuine advice: “Trenton, Norristown & Camden are dumping grounds. Not good places to invest.”
If I heard it right, keep on looking North. Temple and east of Temple is the way to go, and there is no better time to invest. So if the economic shake-up didn’t leave you without cash-flow… you might want to listen to Bart Blatstein.
