New condominiums in Pennsylvania.Waterfront Square Condominiums & Spa is the first new residential community to be built on Philadelphia’s Center City Riverfront and is the largest residential condominium development in the history of the city. The property will boast five luxury high-rise towers, covered parking, a landscaped center square, promenade, fitness center and spa nestled within a 10-acre gated community. Waterfront Square is becoming an integral element of the remarkable transformation of Philadelphia’s skyline, waterfront, and neighborhoods. Pennsylvania Governor Ed Rendell has lauded the development as a way to bring people back to town.
Description : New condos in Pennsylvania.Pennsylvania State Representative Marie Lederer said, “I am absolutely delighted with the renaissance and happy that the undesirable clubs are gone and we rid the city of a cancer. It is a new day of beauty on the river.” Philadelphia City Councilman, Frank DiCicco said, “After decades of stagnant development, we are happy to see Waterfront Square as a catalyst for waterfront development.” Waterfront Square is a completely new concept for Philadelphia. It offers an incredible opportunity to people who want to live in the city but feel as though they reside in a secluded resort. Isle of Capri Associates, the developers of Waterfront Square Condominiums & Spa conducted preliminary market studies, which indicated a desire for an elegant riverfront residential community that offers a lifestyle of comfort, security and service-rich environment. Extraordinary sales success - Over $300 million in sales - 55% of the 940 units in a record amount of time: Phase I of the sales started October 2003, with Tower I (Peninsula) sold out within days and most of Tower II’s (Regatta) units in a few months. July 2004’s groundbreaking began the pre-sales for Tower III (Reef) which was 95 percent reserved in less than a year. Tower IV (Horizon) pre-sales began in June 2005 with 50 percent of its units sold within one week. Waterfront Square will serve as a catalyst that sparks the revitalization of the city’s riverfront and spawn further urban development. Civic leaders are counting on this five-tower community to usher in a wave of development, which will put Philadelphia’s waterfront on the map of luxury waterfront living in U.S. communities.