March 11, 2014

Phila’s Ultra-luxe Developer Announces 500 Walnut

We couldn’t be more excited for our client, Scannapieco Development Corporation, and its plan to construct 500 Walnut, an ultra-luxurious residential tower located in Philadelphia’s most historic neighborhood! Facing Independence National Historic Park, the planned 26-story glass “needle” tower is designed by renowned, award-winning architect Cecil Baker and will bring to Philadelphia the most innovative luxury concept to date.

We worked with the Philadelphia Inquirer to break the news via a front page feature and, since then, the story has spread like wildfire in news outlets including CBS 3, NBC 10, 6ABC, KYW 1060, Philly Mag, Philly Style, Philadelphia Business Journal, Market Watch, Yahoo Finance and more!
Having established a reputation as the only developer who truly understands the ‘ultra-luxe’ market, Scannapieco aims to achieve the same success with 500 Walnut as he met with his award-winning 1706 Rittenhouse Square by coupling distinct neighborhood location, privacy and intimacy in scale with features and amenities unlike any other in Philadelphia. Forty residences starting at 2,500 square feet will include 14 private, full-floor, 4,200 square foot units that will be fully customizable with expansive balconies, true floor-to-ceiling windows, fireplaces, private elevator access, 11 ft. ceilings and some of the most spectacular views ever offered in a center city high rise.

The amenity-rich building will offer everything from a multi-level glass enclosed two story fitness center with a yoga room, massage room and steam room to a large outdoor terrace overlooking National Historic Park. It will also boast a fully automated underground parking system for over 80 cars that automatically stores and retrieves vehicles in less than 90 seconds. Only two penthouse offerings will be available, each being fully customizable and featuring two stories with over 8,400 square feet, a private interior elevator, multiple balconies, and fireplaces. Ah, the good life!!