We've already seen a bunch of high-end condo projects in Philadelphia but developer Art Falcone is hoping there is room for one more. The Philadelphia Inquirer reports
that Falcone, a Florida-based developer is turning the top 20 floors of the landmark Two Liberty Place into condominiums. The building was originally office space but when the office space went vacant Two Liberty was put up for sale. Falcone Group picked up the space and plans to create 122 condos. Four sample units are already done and buyers may be able to move into The Residences at Two Liberty
this fall. A one bedroom on the 40th floor costs $800,000, two bedroom unit sells for between $2 and $4 million and a penthouse will cost $15 million. Units will have a cappuccino machine, Snaidero kitchen cabinetry, and Miele appliances. There will be a spa and sauna, pool, gourmet restaurant, and "pet concierge" service on the 37th floor. Yes, it's a tough market but as the Inquirer points out, Two Liberty Place does have one advantage, even the lowest floor is seven floors above the highest residential building in Philadelphia.
For some great shots of Two Liberty Place and its sister building One Liberty check out the Flickr pool.