Scannapieco Development Corp., known for its
ultra-high-end residential development at 1706 Rittenhouse Square and now 500
Walnut St. in Center City, is venturing to target the same market with a new
community in New Hope, Pa.
Called Rabbit Run Creek, it will consist of 37 townhouses
in a gated community on 23 acres on Lower York Road north of Route 202.
Site work has already started and the first phase, which
will consist of 10 townhouses, is expected to be completed late next spring.
The units will range in size from 3,583 to 3,685 square
feet. Pricing is expected to start at $1.4 million.
Scannapieco is very familiar with New Hope. The company
is based there and it developed Waterview, another high-end residential
development in the community.
Source: Philadelphia
Business Journal
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