Philadelphia Sees Condo Record Set At Two Liberty

by Deidre Woollard (RSS feed)
Mar 19th 2009 at 8:01AM

The condo market may be in the doldrums across the U.S. but there are still people buying. Someone just spent $7.678 million for a unit on the 46th floor of the Residences at Two Liberty Place in Philadelphia. The purchase set a record as the highest price ever paid for a Philadelphia condominium. The condo at Two Liberty Place is 5,850 square feet with 2,040 square feet of balcony offering some of the best views around. The Philadelphia Inquirer reports that the buyer may be H. Chase Lenfest, chairman and CEO of Lenfest Enterprises L.L.C., of West Chester, son of philanthropist H.F. "Gerry" Lenfest.

Things must be good at Two Liberty, it is said that the record will only be in place a few weeks because another buyer on the 46th floor, allegedly millionaire and former Philadelphia mayoral candidate Tom Knox, is set to a pay a few hundred thousand more for his unit. Bon Jovi's Richie Sambora also has an apartment in the building, his home on the 52nd floor cost $2.5 million ($3 million-plus with the furniture). Sambora is letting his well-decorated pad serve as a model unit until the rest of Two Liberty is sold and then he will move in. Phillies pitcher Cole Hamels will also be moving into a three-bedroom unit which cost more than $2.2 million.

The top unit for sale is a $15 million penthouse on the 57th floor but a businessman from Brazil may buy the 56th floor below it and create one lavish bi-level residence.

Tags: condominium, philadelphia, two liberty square, TwoLibertySquare