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$25 million Center City penthouse hits the market

It’s not every day a $25 million penthouse comes up for sale in Philadelphia but the Laurel, a 48-story high-end condominium tower under development at 1911 Walnut St. in Rittenhouse Square, is marketing just that.

The 9,000-square-foot condo will have five balconies, 14-foot ceilings and six bathrooms and be can be customized for the discerning buyer who decides it’s a must have.

“It’s a blank canvas ready for their architect to design their dream home,” said Brian Emmons of Southern Land Co., which is developing the Laurel.

Perched on the top floor of the tower, the condo would ring in at $2,777 a square foot at the listed price. While that exceeds the $2,005 a square foot that Sannapieco Development Corp. got for the $17.85 million, 8,900-square-foot condo sold at 500 Walnut, Emmons cautions that “we have a very, very substantial finish allowance” that comes with the unit…

To read more, visit Philadelphia Buisness Journal.



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