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January 24, 2008

Welcome to the Philadelphia Condominium Market, Mr. Trump

Filed under: Of Interest to Buyers,Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 11:37 am

It seems “The Donald” is coming to town, and bringing a big band of trumpet blowers with him. I am hearing all kinds of noise about his plans on adding to our waterfront. Trump Tower Philadelphia is his plan to add 45 stories, and 225 residences to our fair city. To which I say, “Have at it”.

I have seen the plans, and been to the sales presentation. Now I am rarely impressed with developers. Especially those from New York, who along with their New York city big- brained consultants tell us what we need, and how we need it. The principle they never seem to get is the “When in Rome” theory of life. And let me tell you, this ain’t Rome. This is Philadelphia. Not all issues, factors, desires, and sales trends translate across the wide expanse of New Jersey (from NYC to Philly).

But I gotta’ say…..I think someone at the Trump organization must have correctly read some tea leafs or perhaps they looked into a crystal ball on the Jersey turnpike on their way down here from NYC. From what I see, this building is not only gorgeous, but appropriately sized (in terms of unit mix, size, and number of units in total), and the amenity package seems to be spot on for what this town really needs to make the waterfront area a really desirable destination for residency. The new Trump Tower Philadelphia, looks to be its own “Private Idaho”, in terms of the amenities and the recreational facilities onboard. I can see the Jersey shore becoming less a draw for those who might live in the new Trump Tower Philadelphia….

What do you think?  Leave me a comment and give me your thoughts or send me an email at
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106 

Mark Wade

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