Quote:
Originally Posted by boxbot
I missed this chestnut:
Beverley said they have approvals for a 20-story high-rise project that would be comprised of 120 luxury condo units–valued at $1 million a piece.
At Broad and Fitz? They're outpacing gentrification by 30 years.
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Are you familiar with this area? Houses are sold routinely for around $1mil just one block away in the Artisan complex. On Bainbridge and Broad are arguably the largest
single homes ever built in Center City at 16,000sf.
This house on Pemberton Street about 75 feet away from the Broad/Fitz development just sold in December for $1.1m.
This Condo about 3 doors down on Fitz, just sold for $720k.
This house at the end of the 1500 block of Fitz is currently on the market for $1.6m.
The price per square foot is certainly there, it really depends on the size of the condos and the amenities.