With his record-setting 500 Walnut residence, developer Tom Scannapieco has turned an historic 'hood into Philly's hottest zip code.
500 Walnut’s landscaped terrace has a gazebo, fireplace, and multiple seating areas for residents.
Though Jay-Z and Beyoncé won’t be moving in when occupancy begins this summer, the owners of the city’s highest-selling condominium ever, for a cool $17.85 million, will now call the bi-level penthouse at 500 Walnut (500 Walnut St., 215-574-0500) home. Visionary developer Tom Scannapieco of Scannapieco Development Corporation, who first stunned Philadelphia with the ultra-luxury residence 1706 Rittenhouse, has done it again at 500 Walnut-- and broken his own record. “We constantly challenge ourselves,” he says. “500 Walnut establishes a new benchmark for excellence in Philly.”
ALL IN THE DETAILS Customization is in the DNA of the Scannapieco brand: Step into any one of the 35 residences and you’ll find 35 distinctly different floor plans over the 26-story glass tower. Want to overlook Independence Hall while wading around your Porcelanosa soaking tub? All you’ll have to do is decide which way the tub should face.
IT’S ELECTRIC When 1706 opened in 2010, the fully automated, valet-free underground parking system was an amenity that Philly hadn’t seen yet. Scannapieco takes it one futuristic step further here, with the first plug-less induction charging system for electric cars ever offered in a robotic garage in the US. In other words, charge up your BMW i3 minus the plug. A Tesla town car and driver is also on hand—another Philly first.
EXTRA, EXTRA Many of the amenities at 500 Walnut were dreamed up not just by the Scannapieco team but the residents of 1706. Thank them for the hotel-chic guest suite, handsome library and billiard room, and outdoor yoga terrace. PARKS AND REC Though every residence has an entertaining-worthy private balcony, the fourth-floor main terrace is the airy jewel in this residential crown. The 4,000-square-foot veranda, studded with neat greenery, a gazebo, and a fireplace, overlooks Independence Park. Reach out and touch Independence Hall—or pretend to.