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recession. In 2009, Thomas
Properties Group was looking to quickly fill up the tower to help pay for condo fees and maintenance costs. On June 27, Thomas Properties Group auctioned off 40 units in the tower. The 40 units went for between US$ 335,000 and US$ 796,000, priced at nearly 20 percent less than the units sold before the auction. Thomas Properties Group priced the 137 remaining unsold units according to what similar units went for during the auction.
40:
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hurt the condominium market, with citywide sales declining 64 percent and high-end condo sales declining 24 percent. Analysts believed the Murano was overpriced based on the neighborhood, with potential buyers unwilling to take a chance on the developing West Market Street neighborhood during a
397:, the US$ 165 million Murano was completed in 2008 with residents first moving in on June 18. The building was completed with seventy percent of its units sold. As of December 31, 2008, sales on 111 units had been closed and an additional 14 units were under contract of sale.
442:
architecture critic Inga
Saffron praised how the concrete bands break up the glass and "serve as a bridge, linking the Murano visually to its older neighbors". However, she criticized how the building doesn't connect physically to its neighbors, such as lack of access to
417:, Italy, a town famous for its glass. Designed by Solomon Cordwell Buenz and Associates, the Murano has 302 condos that include one to three bedroom condos that range from 740 square feet (69 m) to 2,625 square feet (240 m). Also included are
337:
The blue glass and concrete, 43-story, 475 feet (145 m) skyscraper was designed by
Solomon Cordwell Buenz and Associates. Murano's condos range between 740 square feet (69 m) and 2,625 square feet (240 m) and were designed to be
433:
Adjacent to the building on 21st Street is a parking garage. The developers planned to put ground level retail in the parking garage but say they were dissuaded by residents who feared the shops would attract the homeless.
350:. In July 2009 the Murano's owners held a successful auction on forty of the building's units. Thomas Properties Group lowered the price for the remaining unsold units based on what the forty units went for at the auction.
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features floor-to-ceiling blue windows separated at intervals by bands of white concrete. The Murano contains 570,000 square feet (53,000 m) including 9,000 square feet (840 m) of ground floor retail space.
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and lack of shops on the ground floor of the parking garage. Saffron believed shops in the parking garage would have helped create a connection between West Market Street and the
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in Center City, an area which had not had any residential development until 2002 when 2121 Market Street was converted into apartments. Construction began around the end of 2005.
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neighborhood of Center City, in a part that first saw residential development in 2002, the building struggled to fill its units during the
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330:, Italy, was completed in 2008 at a cost of US$ 165 million. The site, previously occupied by a parking lot, was the location of the
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342:-like with each featuring a balcony. The building features ground level retail space and an adjacent parking garage. Located in the
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office and manufacturing buildings had been converted into rental and condominium apartments. The project was jointly developed by
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that range from 1,660 square feet (150 m) to 2,625 square feet (240 m). The condominiums are designed to be
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Holcomb, Henry J. (March 1, 2004). "New
Philadelphia Apartment Tower Offers Deluxe Addition to City Living".
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Located at 21st and Market
Streets, the 43-story, 475 feet (145 m) Murano is named after
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boom occurring in the city, the Murano was announced in 2005 and was developed jointly by
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Saffron, Inga (September 30, 2005). "Changing
Skylines: Two Condos that Hit the Mark".
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Leach, Solomon D. (July 2, 2008). "Developing
Situations: Spreads Luxe Living West".
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and P&A Associates of
Philadelphia. The planned site of the Murano was on
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boom that had begun in the late 1990s; between 1998 and 2004 more than 70
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Children's
Hospital of Philadelphia Schuylkill Ave. expansion
742:"Ring the Bell: Philly Catches Up With Condo Revolution"
712:"Lessons from the Murano Condo Auction in Philadelphia"
486:"Murano will heighten West Market's residential thrust"
548:
Parmley, Suzette (April 29, 2007). "Going
Vertical".
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Residential skyscraper in Center City, Philadelphia
326:and P&A Associates. The building, named after
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425:-like and each feature a balcony. The curved
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772:"Changing Skyline: Brick city accepts glass"
688:"Murano auction fails to spark condo market"
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608:Thomas Properties Group (March 29, 2009).
389:Murano under construction in October 2007.
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461:List of tallest buildings in Philadelphia
1175:Residential skyscrapers in Philadelphia
1170:Residential buildings completed in 2008
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484:Kostelni, Natalie (November 11, 2005).
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127:Murano (skyscraper) (the United States)
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358:The Murano was announced in 2005 when
278:Solomon Cordwell Buenz and Associates
7:
740:Ceaser, Jennifer (March 27, 2007).
1014:The Residences at The Ritz-Carlton
686:Heavens, Alan J. (July 12, 2009).
653:Parmley, Suzette (June 28, 2009).
566:Kostelni, Natalie (May 25, 2007).
99:Murano (skyscraper) (Pennsylvania)
25:
1137:Tallest buildings in Philadelphia
770:Saffron, Inga (March 20, 2009).
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718:. July 18, 2009. Archived from
939:FMC Tower at Cira Centre South
1:
573:Philadelphia Business Journal
491:Philadelphia Business Journal
130:Show map of the United States
1165:Market Street (Philadelphia)
1142:Architecture of Philadelphia
71:Location within Philadelphia
949:G. Fred DiBona Jr. Building
395:Turner Construction Company
393:Built by construction firm
299:Turner Construction Company
1191:
1131:
1009:Ritz-Carlton Philadelphia
934:Comcast Technology Center
776:The Philadelphia Inquirer
692:The Philadelphia Inquirer
659:The Philadelphia Inquirer
550:The Philadelphia Inquirer
535:The Philadelphia Inquirer
513:The Philadelphia Inquirer
449:Logan Square neighborhood
445:John F. Kennedy Boulevard
409:Architecture and features
204:39.9540944°N 75.1752944°W
49:
37:
954:Loews Philadelphia Hotel
922:Evo at Cira Centre South
316:Center City Philadelphia
102:Show map of Pennsylvania
74:Show map of Philadelphia
372:Thomas Properties Group
324:Thomas Properties Group
287:Thomas Properties Group
270:Design and construction
209:39.9540944; -75.1752944
999:Philadelphia City Hall
631:Cite journal requires
400:In 2008 and 2009, the
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1118:Bridgman's View Tower
568:"Condo project pared"
439:Philadelphia Inquirer
388:
252:475 feet (145 m)
1044:W Hotel Philadelphia
1039:Wells Fargo Building
655:"Economic Realities"
402:late-2000s recession
348:late-2000s recession
220:Construction started
1029:Two Commerce Square
979:One Commerce Square
665:on January 31, 2013
362:was experiencing a
334:from 1927 to 1978.
200: /
140:General information
1092:3601 Market Street
1076:One Meridian Plaza
1053:Under construction
1024:Three Logan Square
892:2000 Market Street
887:1835 Market Street
882:1818 Market Street
595:Metro Philadelphia
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380:West Market Street
290:P&A Associates
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1004:PNC Bank Building
964:Two Liberty Place
959:One Liberty Place
902:BNY Mellon Center
782:on March 25, 2009
310:is a residential
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257:Technical details
16:(Redirected from
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1108:2901 Arch Street
1034:Two Logan Square
984:One Logan Square
944:Five Penn Center
912:Centre Square II
877:1706 Rittenhouse
867:1601 Vine Street
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44:Murano in 2009.
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195:75°10′31.06″W
192:39°57′14.74″N
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853:Philadelphia
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724:. Retrieved
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360:Philadelphia
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344:Logan Square
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318:. Part of a
307:
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275:Architect(s)
174:Pennsylvania
170:Philadelphia
1113:3101 Market
969:Lewis Tower
917:Cira Centre
872:1700 Market
849:Skyscrapers
610:"Form 10-K"
376:Los Angeles
368:Center City
364:condominium
320:condominium
262:Floor count
207: /
182:Coordinates
156:Residential
1159:Categories
1135:See also:
1069:Demolished
1060:The Laurel
786:2009-04-01
756:2009-04-01
726:2009-08-04
697:2009-08-06
669:2009-08-06
615:2009-04-21
579:2009-04-01
497:2009-06-30
467:References
419:penthouses
312:skyscraper
18:The Murano
283:Developer
148:Completed
1101:Proposed
1085:Approved
455:See also
161:Location
860:Current
813:Emporis
354:History
228:Opening
974:Murano
716:PR Web
515:: C01.
427:facade
415:Murano
328:Murano
308:Murano
244:Height
176:, U.S.
145:Status
33:Murano
164:2101
637:help
423:loft
340:loft
306:The
249:Roof
236:Cost
231:2008
223:2005
153:Type
851:in
374:of
314:in
1161::
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628::
626:}}
622:{{
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635:(
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20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
