Posted Jul 13, 2021, 6:20 PM
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Moderator
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Join Date: Oct 2011
Location: Philadelphia
Posts: 18,367
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Multimillion-dollar housing market in Philly is going strong
Quote:
The Laurel Rittenhouse Square condos
Starting price: $2.5 million
Address: 1911 Walnut St.
“We’re oceanfront property in Philadelphia,” Emmons said. “It just doesn’t get any better than Rittenhouse Square.”
The Laurel’s offerings include a luxury car service, an indoor pool and hot tub, a fitness center with a sauna, and a dog spa. Residents can access the services of a private jet charter company.
Most buyers have multiple homes in places such as the Jersey Shore and Florida and are looking for a place in the city, Emmons said.
“They don’t want the maintenance anymore that’s coming from a suburban lifestyle,” he said.
He expects more than half of the 64 condo units will be sold by late summer. About half of the buyers so far live within blocks of Rittenhouse Square but want to upgrade, he said. The first residents are expected by September of next year, and the building is scheduled to be completed that fall.
A penthouse is on the market for $25 million. The building also will include more than 180 apartments renting from $2,000 to $10,000 a month.
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https://www.inquirer.com/real-estate...-20210713.html
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