SOCIETY HILL -- A local developer says it has set a new record with the sale of a Philadelphia penthouse.
Scannapieco Development Corporation says the property at 500 Walnut in Society Hill is now under an agreement of sale for $17.8 million, the highest price for a residence in the city's history.
The 8,900 square foot, two-story penthouse features a private interior elevator, multiple balconies, fireplaces, and a rooftop terrace overlooking Independence National Historic Park.
500 Walnut is a 26-story tower that will house 38 residences.
It will have a "fully automated underground parking garage so residents can park and retrieve vehicles within a few minutes without anyone touching their cars," the developer says.
Residents will also be able to enjoy billiard rooms, a fitness center with a yoga studio, three lane glass enclosed lap pool, and a massive outdoor terrace featuring fire pits and gathering spaces.
This property will also feature a town car with a driver for residents' use.
The building remains under construction, with occupancy to begin in spring 2017.
The developer notes that it sold the previous record-setter, the $12.5 million penthouse at 1706 Rittenhouse, back in 2010.
PHOTOS COURTESY: Scannapieco Development Corporation
PHOTOS: $17.8 million penthouse sets Philly record
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Pictured: Renderings of 500 Walnut.
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