I spent the last week in Philadelphia visiting family in my home town. What a great city! When I was growing up there no one lived downtown as they were no Philadelphia condos downtown at all. There was also a beautiful waterfront area on the Delaware River with tons of shops and entertainment but no condos at all. It was always a pain to get downtown, but that has since all changed. I actually purchased a unit in the first big condo project to go up in Philadelphia called Waterfront Square. I now rent that unit out to a tenant. This project was announced 5-6 years ago and was just recently finished. Since then, the entire city has fell in love with condos. There are new condo developments in the suburbs, on the main line in Philadelphia, in Olde City, in Penns Landing, and in Center City Philadelphia. There are about 30 high quality new projects for buyers ot choose from. We represent all the major condo projects including The Ellington, The Arts, Murano, and more.
There are so many active cranes in Philadelphia right now it is crazy. It is great that the city is getting such a good mix of unit types. There are a lot of loft projects and old townhome conversions as well. There is pretty much something for everyone with typical one bedroom pricepoints in the high $200,000's to the high $300,000's. I look forward to returning next year and see more Philadelphia condos going up.
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