Regions Midatlantic
Aug 1, 2008
With the souring economic climate and frosty lending market, for-sale multifamily residences are not selling like hotcakes anymore, so in an effort to lure buyers for the remaining condominium units at the seven-month-old Symphony House in Philadelphia's Center City, developer Dranoff Properties has decided to give a Smart Car to every new purchaser. Located along the burgeoning Avenue of the Arts near the home of the Philadelphia Symphony Orchestra, the 31-story Symphony House features 163 units, 15 percent of which remain available with price tags reaching as much as $4 million. Dranoff, which developed the property at a cost of $125 million, is also offering a free parking space in the Symphony House garage along with the fuel-efficient car.
With the souring economic climate and frosty lending market, for-sale multifamily residences are not selling like hotcakes anymore, so in an effort to lure buyers for the remaining condominium units at the seven-month-old Symphony House in Philadelphia's Center City, developer Dranoff Properties has decided to give a Smart Car to every new purchaser. Located along the burgeoning Avenue of the Arts near the home of the Philadelphia Symphony Orchestra, the 31-story Symphony House features 163 units, 15 percent of which remain available with price tags reaching as much as $4 million. Dranoff, which developed the property at a cost of $125 million, is also offering a free parking space in the Symphony House garage along with the fuel-efficient car.
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