Business is Booming in the City of Brotherly Love
By Christina Bohnstengel
Life is good in Philly. While the rest of America is suffering from slumping real estate markets, buyers in the City of Brotherly Love are sending condo sales statistics through the roof. Residences at Two Liberty Place is the trophy property that has realtors salivating. An affluent individual (perhaps CEO H. Chase Lenfest) purchased a 5,850-square-foot luxury condominium for $7.678 million. Right now that sale holds the record as the most expensive Philadelphia condo ever sold. But not for long. Reports indicate that another buyer (speculated to be millionaire Tom Knox) will set a new record in a few weeks with the purchase of a condo on the same floor for a few hundred thousand dollars more.
Two Liberty Place is one haute property, as it is also the home of rocker Richie Sambora. The Bon Jovi guitarist paid $2.5 million for his luxury property. He reportedly invested another $500,000 in the décor and now his abode serves as the model unit for prospective buyers. The strong-armed Phillies pitcher, Cole Hamels, also purchased a $2.2 million unit. He will be moving into the three-bedroom condo soon.
The 57th floor penthouse is also for sale, with a listing price of $15 million, although interested parties should act quickly because a Brazilian businessman may buy the floor below it in order to make a plush bi-level home.
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