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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.



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