PHOTOS: $17.8 million penthouse sets Philly record

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Friday, June 3, 2016

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