Rittenhouse condo only Philadelphia finalist in development competition

    The condominium project at 1706 Rittenhouse Square is under a lot of pressure. At 31 stories, the building is the only development representing Philadelphia in the Urban Land Institute Awards for Excellence: The Americas Competition.

    The Philadelphia Business Journal reports the building, a product of a partnership between Scannapieco Development Corp. and Parkway Corp., was chosen from 148 entrants in North and South America. It’s only the fifth ever from Philadelphia to be named a finalist.

    Phillies pitcher Cliff Lee is among 1706 residents, who spend between $4.5 million and $12 million for the units.

    Winners — based on construction, economic viability, design, and marketing and management — will be chosen May 19.

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