New Sale Pitches Aim to Sell Philadelphia’s Most Expensive Penthouses

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500 Walnut rendering
Image via Scannapieco Development Corp.
New sales pitches are underway to try and attract the small pool of buyers who are able to afford Philadelphia's most expensive penthouses.

New sales pitches are underway to try and attract the small pool of buyers who are able to afford Philadelphia’s most expensive penthouses that are currently on the market, writes Ryan Mulligan for the Philadelphia Business Journal.

Instead of raw spaces, the properties are now being fully built out by sellers.

Among them is the 11,000-square-foot penthouse at 500 Walnut that was originally listed as raw space for a whopping $32 million in 2020 just before the pandemic started. After a deal to sell the property for $29 million fell through, the condo was removed from the market completely.

Over the last three-and-a-half years, it has been listed on and off, before returning in May with a price tag of $25.9 million.

However, it is no longer listed as raw space, but is instead being fully built out by the seller.

“By completing these penthouses, people are able to walk through and say, ‘That is spectacular, oh my God this is incredible,’” said Celletti Baron, a real estate agent who has the listing. “But it still gives people a chance to put their own spin on it.”

Read more about the efforts to attract buyers for the city’s most expensive properties in the Philadelphia Business Journal.


2100 Hamilton building in Philadelphia.

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