Eric Blumenfeld did it.
Today Blumenfeld acquired the Divine Lorraine (again) for just over $8 million.
Jennifer Lin reports that Blumenfeld was the sole bidder on the Divine Lorraine at Tuesday’s Sheriff’s sale, completing the final step to acquire the property. She writes: Blumenfeld gained control of the site in a two-step process: On Monday he bought for an undisclosed price an outstanding note on the property from the New York-based Amalgamated Bank. By taking title on Tuesday, he will pay off city taxes and other liens. The value of both the mortgage and liens is $8,054,104.39. Want to get to know the man with the big plans for the Divine Lorraine? Check out Philly Mag’s October profile of Blumenfeld, the Ferrari-driving, big-dreaming, booster of North Broad.