21 Mar The Laurel Rittenhouse Square’s Condominiums Surpass 50% Sold Mark
Philadelphia’s tallest luxury residential tower remains on track to welcome first residents in fall 2022
Southern Land Company (SLC), the real estate developer behind The Laurel Rittenhouse Square, today announced that more than 50% of the condominiums at The Laurel have been sold, including one full-floor penthouse, marking a significant milestone in the development of the 48-story tower.
Rising 599 feet above Philadelphia’s famed Rittenhouse Square, The Laurel is the last newly constructed residential building in Philadelphia’s most coveted location and the tallest luxury residential tower in the city. Under construction since 2019, The Laurel is slated to welcome its first residents this fall.
“Future residents with the most discerning of tastes are finding that The Laurel truly offers a completely one-of-a-kind lifestyle in Center City,” said Brian Emmons, Vice President, Southern Land Company. “We have promised incredibly thoughtful design and incomparable views, amenities, and services. Based on our current sales, it’s apparent that buyers believe we have delivered on this promise.”
Designed by Solomon Cordwell Buenz, The Laurel’s soaring height and all-glass design allows for sweeping views of the Center City skyline while simultaneously offering the utmost privacy to its tower’s residents. Each floor plan features expansive corner residences, offering unparalleled panoramic views of the city and Rittenhouse Square. Once complete in fall 2022, The Laurel will include 65 for-sale condominiums on the uppermost floors. Full-floor penthouses will grace the very top floors, 46-48, offering unmatched levels of luxury. Each penthouse is fully customizable, allowing owners to design the interiors of their homes to meet their individual needs and wants, and will have 360-degree, uninterrupted views of the city. In addition, there will be 184 rental residences in a separate portion of the building, for which details will soon be revealed.
The Laurel will bring to Rittenhouse Square 44,000 square feet of high-end restaurant and retail space on the first three floors wrapping around Walnut, Sansom, and 20th Streets. Solidly rooted in Philadelphia’s brick-and-stone traditions, the building’s pedestal forms a welcoming streetscape that will feature world-class dining, with the addition of a new Schulson restaurant, and the best in health and wellness, with Philadelphia’s first Equinox Fitness, the global leader in lifestyle fitness and performance.
Residents of The Laurel’s condominiums will enjoy white glove amenities, including valet parking; an indoor pool and hot tub; a five-star fitness center with a luxury locker room, steam room, and sauna; a yoga and cycling room; a Club Room with bar and catering kitchen and terrace overlooking Rittenhouse Square; a conference room; and even a dog spa. Residents can also take advantage of the guest suite for out-of-town visitors as well as a luxury car service.
The Laurel offers residences with prices starting in the upper $2 millions.
SLC is currently accepting private showings by appointment only in the beautifully appointed sales center at 1845 Walnut Street. Interested buyers can view interactive visuals of their future home and experience finish options and design features in the sales center’s beautifully appointed model kitchen, living area and master bath. Hard hat tours are also available.
To receive project updates or make an inquiry about The Laurel, please register at www.TheLaurelRittenhouse.com.
More details about the rental residences at The Laurel will be available in spring 2022.