Posted by: albfor | March 14, 2015

Mar 12, 2015 500 WALNUT, Tom Scannapieco, Groundbreaking & Luncheon


INDEPENDENCE MALL EAST.  THURSDAY, at the National Museum of American Jewish History at 5th and Market Streets was an official groundbreaking and Luncheon for Tom Scannapieco’s next big project, 500 WALNUT, which has taken off in earnest today.

Mayor Michael Nutter was in attendance to welcome the commencement of construction for the building being touted as Philly’s “most innovative condo tower to date.”


Steven Edenbo (Thomas Jefferson Interpretation), Paula Celletti-Baron |  Tom Scannapieco (Pres., Scannapieco Development Corporation), Cecil Baker (Cecil Baker + Partners) | Renee Freeman, Don Freeman (Freeman Interiors)


500 WALNUT  |  Tom Scannapieco’s Groundbreaking & Luncheon

The 26 story tower (opening in 2017) will be overlooking “History” with a commanding view of the Cradle of Liberty.  500 Walnut will house 38 units on 26 floors, it will have a robotic car retrieval and parking system, with luxurious amenities and the space of each home will be 2,700 square-feet to 9,100 square-feet.

So far to date $75 million in pre-construction reservations has been collected, about half of the building capacity occupancy; price tag is $3 million to $17 million per unit.

Mayor Michael Nutter, Tom Scannapieco

Councilman Mark Squilla, Alan Greenberger, Mayor Michael Nutter, Tom Scannapieco Jerry Holbrook, Herb Kolben, Will, Cecil Baker

Oh, by the way, the $17 million penthouse which has two floors and 9,000 square feet is still available; roughly $1,000 a square foot.

For a view of the images from this event please select this link or the “Mar 12, 2015  500 WALNUT, Tom Scannapieco, Groundbreaking & Luncheon”  album in the right column of this photo weblog.

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