Breaking Ground and Openings: U-Bahn’s Underground Party and 500 Walnut’s Party & Plans

Yesterday was chock full of fun in Philadelphia. At noon I went to the ground breaking of 500 Walnut Street, which

is developer Tom Scannapieco’s 26-story ultra luxury tower comprised of
only 38 gourgeous units with breathtaking views, including a bi-level
penthouse rumored to be marketed in the region of $18 million.

Here’s a refresher on the project, which is expected to open in spring 2017:

  • 26-story “glass needle” designed by Cecil Baker
  • Residences range from 2,600-square-feet to 8,500-square-feet
  • Fully customizable two-story penthouse priced at $17.6 million (multiple balconies, elevator, roof terrace and more)
  • Underground robotic car parking system, 84 spaces with retrieval in under 90 seconds.
  • Sky-lit 50 foot lap pool with hot tub
  • Private boardroom, entertainment suite, library/billiard room, fitness center
  • 4,000-square-foot landscaped outdoor terrace overlooking Independence Park
  • Lobby level garden with water feature
  • (Philly Mag Properties)
 Catering by Day by Day Restaurant. (It was a spread, and it was impressive.

David Lipson, owner of Philadelphia Magazine, James Jennings, Editor of Property, Bob McCauley, and Will Schwartz.                                                              

Check out the rest of the photos here at the Phila Business Journal
My posse at Colin Kerrigan, Gabby Gonghi and Allie Volpe
Phillydotcom’s Tim Reardon and Steve
Mike Jerrick stops for a #Selfie

Check out the rest of the photos here on