TwoLibertySquare

Philadelphia Sees Condo Record Set At Two Liberty

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.

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Tags: condominium, philadelphia, two liberty square, TwoLibertySquare

Residences at Two Liberty Place

by Deidre Woollard (RSS feed) —

Filed under: Estates

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.

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Tags: condominiums, development, philadelphia, skyscraper, two liberty square, TwoLibertySquare