On March 23, Scannapieco Development Corporation celebrated the symbolic completion of its new residential building, 500 Walnut, with a “Topping-Off Ceremony.” Two-thirds of the 26-story building’s 35 units have already sold, including the penthouse for a record $17 million. Mayor Kenney stopped by the event and thanked the new residents for choosing to live in Philadelphia. He went on to explain that although the building has tax abatement status, at the outset, each unit will still incur transfer fees starting at $500,000, which will benefit the city.
(Photos from Left to Right)
1. Alycia Scannapieco and Tom Scannapieco, Scannapieco Development. 2. Mike Kwiatkowski, Phil Gauffreau, both of Maser Consulting and Tod Werner, Scannapieco Develpoment. 3. Actor Sean Connelly as Thomas Jefferson, Tom Scannapieco, Mayor Jim Kenney, Cecil Baker, architect, Will Schwartz, INTECH Construction and Matthew Downs, Ullico. 4. Joan Carter, John Aglialoro and Paula Celletti-Baron, Scannapieco Development. 5. View from 23rd floor of 500 Walnut. 6. David Weder, Westfalia Technologies, Inc., Cathi Pellegrino, Scannapieco Development, and John Cochran. Photos by HughE Dillon.