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A new landmark has been reached at the highest end of the luxury condo market in Philadelphia, with a unit in 10 Rittenhouse Square selling for a record $1,400 per SF.
The 2,300 SF condo is on the 28th floor of the high-rise overlooking historic Rittenhouse Square itself. It's the first time the unit has been listed since the building opened in 2009. The previous record was $1,250 per SF, according to the Philadelphia Business Journal.
Dranoff Properties, which manages the building, arranged the sale to an undisclosed buyer. The transaction confirms that Rittenhouse Square has become an ultra-luxury area in the heart of Center City. [PBJ]
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