50% OF OWNERS IN RESIDENCE

Untitled 1
Penthouse

The Laurel’s $25M Penthouse Sets a New Price Record

Life at the top of Rittenhouse Square just got a price tag attached to it: $25 million.

That’s how much Southern Land Company is asking for the 48th-floor penthouse at The Laurel, the new 599-foot-tall residential tower now under construction on Rittenhouse Square’s northeast corner.

The asking price easily surpasses the $17.85 million developer Tom Scannapieco got for the bi-level penthouse at 500 Walnut in 2016. And that condo had 8,900 square feet of interior space, about 233 square feet more than this single-floor unit contains. That also makes it the most expensive property per square foot not only in the city but also in the region, at $2,885 per square foot…

To read more, visit Philadelphia Magazine.

Related Posts

Untitled 1 2

THE LAUREL RITTENHOUSE SQUARE’S CONDOMINIUMS SURPASS 50% SOLD MARK

outhern Land Company (SLC), the real estate developer behind The Laurel Rittenhouse Square, today announced that more than 50% of the condominiums at The Laurel have been sold, including one full-floor penthouse, marking a significant milestone in the development of the 48-story tower