Beyond 500 Walnut: Scannapieco Plans Second “Ultra-Luxury” Enclave in New Hope

Here’s the setup of the Residences at Rabbit Run Creek | via Scannapieco Development Corporation

500 Walnut isn’t yet out of the ground and Tom Scannapieco, president and CEO of Scannapieco Development Corporation, already has his sights on his next project, and it’s one that will bring him “full circle,” so to speak.

That’s right, the ultra-luxury developer is going back to New Hope in Bucks County, and this time it’s in the form of a 37-unit townhome project called The Residences at Rabbit Run Creek.

According to a recent press release, site work is already underway and phase one, which include the first 10 homes (including a model), will open sometime in “late spring 2016.” If you’re keeping score at home, that’s almost a full year before 500 Walnut opens its doors to high-end (and possibly the highest-of-end) buyers in the Philadelphia marketplace.

The 23-acre plot of land is located entirely in New Hope near the lower field at Pat Livezey Park, but it directly borders Solebury Township. Reports began to circulate in late August that site work was starting to take place, and a notice for rock blasting went out beginning in early September, according to Charlie Sahner of New Hope Free Press.

Scannapieco first dipped his toes into the “ultra-luxury” development market with his project WaterView project in New Hope. Two posh high-rises later (1706 Rittenhouse and 500 Walnut), and he’s back in the place that started it all.

“We’re following up 1706 Rittenhouse with another project, 500 Walnut, opening spring 2017; and now Rabbit Run Creek takes us full circle back to New Hope,” said Scannapieco, in a press release. “The project’s intimacy, privacy and attention to detail and design will truly raise the bar in Bucks County.”

The two-story townhomes are set inside a gated community and come fully customizable. Each home offers between 3,500-square-feet and 3,700-square-feet of space, a rear-loading garage, an interior elevator and private courtyard. The homes, which come in at 42-feet wide, surround a public green space and 2,100 linear feet of walkable sidewalks and paths offer a “neighborhood feel” inside the development.

• Tom Scannapieco Archives [Property]
• Multi-Month Blasting Starts Sept. 8 At Scannapieco Development Project In New Hope [New Hope Free Press]