Carl Dranoff of Dranoff Properties is backing another
luxury condominium project for sale in Philadelphia: Two Liberty Place's top
ten floors, which were previously going to be turned into a hotel, will now be
renovated into for-sale condos.
This represents the third recently-announced condo
project for Dranoff. The others are SLS International on Broad Street, and One
Riverside, which was previously rental apartments, at 25th and Locust.
It's another sign of a hot market for high-end condos.
Tom Scannapieco, president of Scannapieco Development, is building
multi-million-dollar condos at 500 Walnut Street with prices ranging at $4
million-$13 million.
Source: Philly.com
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