Rabbit Run Creek

New Hope Free Press 4/18/2016
Logo-new-hope-free-pressTom Scannapieco and New Hope Mayor Keller break ground at Rabbit Run Creek development groundbreaking
New Hope-based Scannapieco Development Corporation on Monday hosted an official model home groundbreaking ceremony for The Residences at Rabbit Run Creek at the northernmost end of the borough…
The Philadelphia Inquirer 1/10/2016
philadelphia-inquirer-logoAn urban-influenced townhouse
One might think that with his 500 Walnut high-rise starting to poke its head above the fence enclosing it at Fifth and Walnut Streets, developer Tom Scannapieco would have little else on his mind… 11/17/2015
logo-philadelphiaBeyond 500 Walnut: Scannapieco Plans Second “Ultra-Luxury” Enclave in New Hope
Site work has already begun on The Residences at Rabbit Run Creek, a high-end private community planned in Bucks County…
Philadelphia Business Journal 11/16/2015
Developer to construct high-end community in New Hope, Pa.
Scannapieco Development Corp., known for its ultra-high-end residential development at 1706 Rittenhouse Square and now 500 Walnut St. in Center City, is venturing to target the same market with a new community in New Hope…
New Hope Free Press 11/15/2015
Logo-new-hope-free-pressRabbit Run Creek high-end residential development to open spring 2016 in New Hope
Scannapieco Development Corporation recently detailed plans for Rabbit Run Creek, a new ultra-luxury townhome community just north of Route 202 in New Hope…

500 Walnut 6/4/2016
500 Walnut penthouse sold to undisclosed buyer for Philly-record $17.85M

Developer Tom Scannapieco said Thursday that he had an agreement of sale for the penthouse at his ultra-luxury 500 Walnut tower overlooking Independence Square. The price: a Philadelphia record $17.85 million….
Action News, WPVI-TV, 6/3/2016
action_news_01$17.8 million penthouse sets Philly record
A local developer says it has set a new record with the sale of a Philadelphia penthouse. Scannapieco Development Corporation says the property at 500 Walnut in Society Hill is now under an agreement of sale for $17.8 million…
Curbed Philadelphia, 6/2/2016
$17.85M Penthouse at 500 Walnut Sold, Philly’s Most Expensive Residential Sale Ever
A penthouse that hasn’t even been built has just sold for $17.85 million, becoming the most expensive residential sale in the history of Philadelphia…
Jewish Exponent, October 16, 2015
Award PhotoAJC Honors Local Developer at Annual Awards Event
The American Jewish Committee hosted its 2015 Civic Achievement Award Dinner at the Down Town Club on Oct. 14, honoring Tom Scannapieco, president of Scannapieco Development Corporation…
Robb Report Home & Style, May 23, 2015
Robb-logoNew Philadelphia High-Rise Relieves Pent-Up Demand for Luxury Homes in Philly
As if pulling into a single-family suburban home, residents of Philadelphia’s 500 Walnut high-rise will drive into a street-level, single-car garage and park. While they are in the elevator going up to their unit, the car will lower through the floor of the garage, and an automated robotic system will move it to its designated space…/div>

The Wall Street Journal, April 15, 2015
WSJ-logoPhiladelphia Penthouse Is Listing for a record $17.6 Million
Under construction, the apartment at 500 Walnut has the highest asking price in the city…, March 15, 2015
Philadelphia Penthouse Is Listing for a record $17.6 Million
Hoping to repeat his success with 1706 Rittenhouse Square Street, developer Tom Scannapieco will break ground Thursday on 500 Walnut, his 26-story, 38-unit high-rise condo building at Fifth and Walnut Streets, overlooking Independence Hall…
Philadelphia Business Journal, March 13, 2015
Developer gets project ‘at the perfect time’
Tom Scannapieco is a little more confident going into the construction of 500 Walnut…, March 12, 2015
Game Changer: 500 Walnut Has History, Luxury and Robotic Parking
Let’s just say that this is big time…
The Philadelphia Inqurer, 10/12/2014
philadelphia-inquirer-logoUltra-luxury condominium developer had humble beginning
Growing up in a Northeast Philadelphia rowhouse, Tom Scannapieco never imagined that he would live in a multimillion-dollar condo tower overlooking Independence Hall – especially one he’d be building himself at 500 Walnut Street…
Philadelphia Magazine, 10/8/2014
press_500_Walnut_ Philly_MagArchitype: Lush Life
Developer Tom Scannapieco has spent his career surrounded by skeptics—or his career since 1974, at least, when the self-described “urban pioneer” bought property near Spring Garden and created the Wallace Court Condominiums…
Region’s Business, 7/21/2014
press_500_Walnut_Regions_BusinessBeating The Odds On Luxury Condos
Historic Philadelphia will welcome a dramatic addition to its cobblestone streets and lush, tree-lined spaces come 2017. That’s when 500 Walnut – a 26-story glass “needle” ultra-luxury condominium project that is the latest from the Scannapieco Development Corporation, will open its doors. The most significant buildings of America’s past will be married with a towering representation of Philadelphia’s present and future…
Philadelphia Style, Fall/2014
press_500_Walnut_Philadelphia_StyleA Real Estate Guru Reimagines the City’s Skyline
Studies have shown that seven is the world’s favorite number. If Tom Scannapieco was inclined to pick one, it would likely be 1,832. This was the number of people that the 64-year-old developer had determined could buy one of his units at 1706 Rittenhouse Square. Scannapieco was pleased but not surprised by the information: Before he marketed 1706, he had gone to census data for those who had $10 million in assets. He parsed out the percentage that might be in the eight-county area and came up with the figure…
The Philadelphia Inquirer, 3/12/2014
press_500_Walnut_inkquirer_03-11-14New luxury high-rise planned for historic area
The developer of Center City’s luxury 1706 Rittenhouse Square Street condominiums said Monday that he plans to build a 26-story, 40-unit condo tower at Fifth and Walnut Streets at a cost of $150 million…

1706 Rittenhouse

Wall Street Journal, 5/16/2013
press_1706_WSJ_May17,2013Rittenhouse Square’s Real-Estate Rise
Historic Rittenhouse Square has been home to Philadelphia’s elite for more than a century. Now, a new glass tower one block away is generating some of the highest-ticket sales the city has ever experienced…
The Philadelphia Inquirer /, 4/27/2010
press_1706_Inquirer_4-27-10A $12 Million View
Philadelphia’s most expensive private residence is now owned by money manager Theodore R. Aronson and Barbara Berger Aronson. Theodore, who heads AJO Partners of Philadelphia…
Philadelphia Business Journal, 10/11/2013
press_PBJ_1706_10-13“Should we pull the trigger?”
About two months after the developers of 1706 Rittenhoiuse Square closed on a construction loan for the $145 million condominium tower, Lehman Brothers collapsed…
Philadelphia Business Journal, 10/16/2010
press_1706_biz_journal_garage_thumbA parking system the Jetsons would love at 1706 Rittenhouse
Four years ago, developers Tom Scannapieco and Joe Zuritsky described a cutting edge automated parking system that would be installed in 1706 Rittenhouse Square, a new 31-story, luxury condominium tower just off Rittenhouse Square in Center City…
Action News, WPVI-TV, 2/11/2012
action_news_011706 Rittenhouse condominium unveiled
Not for you average consumer, these condos boast 360 degree views and private elevators, custom kitchens, baths and balconeys. The 32-story building is already 50% filled with move-ins beginning in May…
Bucks County Herald, 1/31/2010
press_1706_news_buckscountyherald_thumbExclusive panorama
Windows all around.
That’s where you can take in the view at 1706 Rittenhouse Square Street in Center City Philadeplhia these days…, 9/2/2010
press_1706_builder_thumbPark Place
This downtown retreat for the wealthy is every bit as swanky as the fabled Monopoly property. And it takes the stress out of parking…
news_watch_thumb1706 Rittenhouse: The hottest address in town…
The Philadelphia Inquirer, 9/20/2009
press_1706_news_inquirer-1_thumbSoaring Above the Crisis
The developers of 1706 Rittenhouse beat the odds and succeeded…
The Philadelphia Inquirer /, 11/4/2012
phillydotcomOn the House: Gamble on luxury condos proved wise
Developer Tom Scannapieco is not one to gloat, but it looks as if he’s defied both the real estate downturn and those who said the idea of selling a luxury high-rise in Philadelphia with one condo per floor was mad, even in good times…, 6/16/2010
press_1706_metro_love_thumbWhat’s not to love about 1706 Rittenhouse?
Residents, and their cars, are moving into 1706 Rittenhouse Square Street, a new, luxury high-rise condo near Rittenhouse Square…, 8/24/2009
press_1706_news_cnbc-1_thumb$12.5 Million Penthouse Sale Tops all Philadelphia Records…
Action News, WPVI-TV, 5/2010
press_1706_action_parking_thumbIt’s not state of the art—it’s state of the park…


The Philadelphia Inquirer
waterview_inquirer_press-1_thumbCondos for the Estate Weary
Tired of all those caretakers and servants? Tom Scannapieco thinks his super-size units in New Hope are just the answer…
The Intelligencer
waterview_intelligencer_press-1_thumbLuxury in the Making
The Waterview Condominiums we something of a gamble when developer Tom Scannapieco began the project at the southern end of this borough…
The Philadelphia Inquirer Magazine
waterview_inquirer_mag_press_thumbFriends of the Delaware Canal honored Tom Scannapieco as Business Partner of the Year

Boiler House

remodeling_200207_thumbnailSilk Purse
Scannapieco Development Corp. had acquired a much-coveted piece of property along the Delaware River which divides Pennsylvania and New Jersey in the mid-’80s. After turning the paper mill into condos, Tom Scannapieco was not sure what to do with the brick shell of the power plant…

Company Profile

Philadelphia Business Journal
press_business_journal_thumbnailCEO Profile: Tom Scannapieco


  • 2015 AJC Civic Achievement Award from the American Jewish Committee
  • 2014 CEO Leadership Award
    from the Fox School of Business
  • 2012 Delta Associates achievement award for highest area price per square foot for Mid Atlantic Community for 1706 Rittenhouse Square.
  • 2011 Urban Land Institute Award for one of the 20 best projects in the Americas for 1706 Rittenhouse Square.
  • 2010 Excellence in Structural Engineering Award of Merit for 1706 Rittenhouse Square.
  • 2008 Heroes of Liberty Award by the National Liberty Museum
  • 2005 Citizen of the Year by the Friends of the Delaware Canal
  • 2003 Business Partner of the Year, Friends of the Delaware Canal
  • The Inc. 500 Award for being one of the fastest growing, privately-owned companies in America
  • Entrepreneur of the Year Award finalist presented by the Chamber of Commerce of Philadelphia
  • NAHRO National Award of Excellence for Project Design for Northeast Inlet Phase I, Atlantic City, NJ
  • Regional Award of Merit for Innovation for Northeast Inlet Phase I, Atlantic City, NJ
  • The Crime Prevention Award for Civic Leadership and Initiatives in the Community from the Governor’s Office of Pennsylvania for Wallace Court
  • Private Sector Urban Incentive Award from the New Jersey Counsel for Urban Economic Development for Hiram Square, New Brunswick, NJ
  • Certificate of Excellence in Design from Masonry Institute of Maryland for Brown’s Wharf, Baltimore, MD
  • Historic Preservation Award from the Baltimore Heritage Foundation for Brown’s Wharf, Baltimore, MD
  • Design Excellence Award from the PA Institute of Architects for Waterworks, New Hope, PA
  • Honorable Mention for Design Excellence from the Philadelphia Chapter of the American Institute of Architects for Waterworks, New Hope, PA
  • Honorable Mention from the Pre Cast Institute in a National Competition for Regency, Atlantic City, NJ