Regions Midatlantic | Philadephia
Smart Car Dangled as Carrot for Potential Buyers at New Philly Condo Property
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.

 
Recent Philadelphia Headlines
Newly Created Hill Entity Buys 2.2 MSF Philly Mixed-Use Project
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Marlton, N.J.-based construction manager Hill International has created Hill International Real Estate Partners L.P., a real estate development services firm that will serve the commercial and hospitality industries across the Mid-Atlantic and Northeast. The newly formed entity has already made a grand move--the firm just acquired developer Walnut Street Capital's interests in the 2.2 million-square-foot American Commerce Center project in Philadelphia.
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