Record-Breaking Ultra-Luxe Residences Open in Philadelphia

Philadelphia’s most expensive ultra-luxury tower, 500 Walnut, shattered every real estate record in the city, most notably with the sale of its $17.85M Penthouse.

Scannapieco Development Corporation, Philadelphia’s ultra-luxury developer, unveiled its most anticipated tower to date —  500 Walnut. As its first residents begin to occupy the building, the vision for 500 Walnut has become a reality. The sleek, glass 26-story ultra-luxury tower overlooking the iconic Independence National Historic Park opens with unprecedented response, and record-breaking sales.

500 Walnut represents the culmination of Scannapieco’s extensive work in developing residential properties with features that hadn’t otherwise been seen in the market. It immediately follows the unparalleled success of his first center city tower, 1706 Rittenhouse Square, where Scannapieco identified an unaddressed ultra-luxury market and beat all odds with record-breaking sales. With 500 Walnut, Scannapieco breaks new boundaries and further surpasses the pinnacle of ultra-luxury, setting a new bar for luxury living in Philadelphia — from its amenities, including a 4,000 square-foot landscaped terrace, to advanced technologies, including the world’s first wireless induction charging system in a robotic garage. 

“We are proud to officially unveil 500 Walnut. This property is a reflection of architectural excellence and integrity, meticulous design, innovative global technology, and a rare combination of the utmost conveniences for the most discerning of buyers,” said Tom Scannapieco, the president and CEO of Scannapieco Development Corporation. “This, combined with such a special and significant location — perched on the threshold of history — is what makes 500 Walnut truly unlike anything Philadelphia has seen before.”

Designed by the renowned, award-winning architect, Cecil Baker and Partners, 500 Walnut consists of only 35 private residences. Full-floor residences of over 4,300 square-feet offer expansive balconies, floor-to-ceiling windows, fireplaces, private elevator access, high ceilings and some of the most spectacular views ever offered in a center city high rise.

500 Walnut’s intimacy of scale allows residents the utmost privacy to enjoy the most robust, luxury amenities a condo tower in Philadelphia has ever offered, including:

  • 4,000-square-foot landscaped outdoor terrace overlooking Independence Park complete with multiple seating areas, gazebo, and fireplace
  • Fitness center with state of the art equipment, yoga terrace, massage room, steam and sauna rooms
  • Five-star guest suite
  • Sky-lit 50-foot lap pool with hot tub
  • Entertainment suite for hosting events complete with catering kitchen and lounge area
  • Private boardroom for business meetings
  • Library/billiard room
  • Exquisite lobby with water wall
  • Lush lobby level garden with water feature
  • Tesla town car with driver
  • 24-hour full service concierge to handle your every need

Photos courtesy of Scannapieco Development Corporation