Which Philadelphia Luxury Condo Building Fits Your Lifestyle?

Philadelphia’s luxury condo market has matured into a collection of highly specialized buildings, each offering a very different ownership experience. Two buildings that consistently attract buyers looking for full-service high-rise living are Waterfront Square and The Murano.

They both offer luxury amenities, concierge service, parking, skyline views, and modern glass-tower architecture. But once you dig deeper, these buildings appeal to very different buyers.

Waterfront Square delivers a quieter, resort-style waterfront environment with larger average floor plans and extensive amenity space. The Murano offers a more urban, walkable Center City experience with stronger proximity to business districts, restaurants, Rittenhouse Square, and 30th Street Station.

Below is a side-by-side comparison of the two buildings based on market performance, amenities, lifestyle, value metrics, and long-term buyer appeal.

The Murano Condominiums at 2101 Market Street Philadelphia, PA 19103
Waterfront Square Condominiums For Sale at 901 N Penn St Philadelphia, PA 19123

Building Overview

FeatureThe MuranoWaterfront Square
Address2101 Market Street 901 North Penn Street
NeighborhoodLogan SquareNorthern Liberties/Waterfront
Year Built 20082005-2009
Stories42Up to 35
StyleUrban Luxury High-RiseResort-Style Waterfront Towers
Unit Count Approx. 302Approx. 480 Across Development
Parking Garage Parking Included with Most UnitsGarage Parking Included
Pet-FriendlyYesYes
Concierge24 Hours24 Hours
PoolIndoor PoolIndoor/Outdoor Resort Pool
Fitness Center Modern Fitness Center Extensive Spa-Level Fitness Facility


Market Performance Comparison

The following figures represent approximate averages pulled from recent listings, active inventory, and publicly available sales data. Buyers should understand that penthouses and premium view units can materially skew averages.

Market MetricThe MuranoWaterfront Square
Pet-FriendlyYesYes
Concierge24 Hours24 Hours
Average Sales Price Around $600K+Mid $600K+
Average $/SqFtApprox. $594/SFApprox. $358-$422/SF
Average Days on Market Typically lower DOMHigher DOM historically
Average Unit Size More Efficient LayoutsLarger Floor Plans
HOA Fees Moderate-to-highModerate-to-high
Appreciation Potential Strong due to locationModerate
Investment DemandHigherModerate
Walkability Score ExcellentModerate

Waterfront Square generally offers more square footage for the money, while The Murano commands a stronger price-per-square-foot premium due to its Center City location and walkability.


Amenities Comparison

The Murano Amenities

The Pool at Murano Condominiums

The Murano offers a more streamlined luxury high-rise experience, with a focus on convenience and location. Amenities include:

  • Outdoor pool deck
  • Fitness center
  • Resident lounge areas
  • 24-hour concierge
  • Garage parking
  • Private balconies in many units
  • Additional storage
  • Secure entry

Because the Murano sits directly in Center City, many buyers view the surrounding neighborhood itself as an extension of the amenity package. Restaurants, cafes, transit, office buildings, and cultural institutions are all within walking distance.


Waterfront Square Amenities

The Pool at Waterfront Square Condominiums

Waterfront Square was designed more like a private residential resort than a traditional condo building. The development features:

  • Large indoor lap pool
  • Spa and sauna
  • Steam rooms
  • Riverfront sun deck
  • Extensive fitness center
  • Gated entrance
  • 24-hour security
  • Shuttle service into Center City
  • Dog parks (two!)
  • Concierge services
  • Large terraces in many units

One of Waterfront Square’s biggest selling points is the amount of amenity space relative to density. Residents often describe it as quieter and more private than many Center City towers.


Lifestyle Comparison

Buyer TypeBest Fit
Buyer seeking larger layoutsWaterfront Square
Frequent NYC / Amtrak travelerThe Murano
Frequent NYC / Amtrak travelerThe Murano
Resort-Style AmenitiesWaterfront Square
Buyer Seeking City EnergyThe Murano
Downsizers From Suburban HomesWaterfront Square
Investor or pied-à-terre buyerThe Murano
Buyer prioritizing river viewsWaterfront Square
Buyer wanting skyline viewsBoth

Which Interior Do You Prefer?

The Murano Condominiums Living room with a wall of floor to ceiling windows
Waterfront Square Open Layout Condo Unit Kitchen and Dining Room

 


 

Pros and Cons

The Murano

ProsCons
Better $/SF appreciation trendsMore urban noise/activity
Excellent access to transitPremium pricing
Strong WalkabilityLess resort-style amenity space
Strong Buyer DemandLimited outdoor space in some units
Prime Center City locationSmaller average layouts

Waterfront Square

ProsCons
Larger average residencesLess walkable than Murano
Strong amenity packageShared by more people than The Murano
River and bridge viewsSlightly isolated feel for some buyers
Gated Community feel Longer commute to core business district
Resort-style atmosphereVibe is more business than resort feeling


Which Building Holds Value Better?

Historically, Center City luxury towers with stronger walkability and proximity to employment centers tend to outperform on a dollar-per-square-foot basis. That has generally favored The Murano.

However, Waterfront Square occupies a niche that continues to appeal to a specific luxury buyer — especially purchasers downsizing from larger suburban homes who still want space, amenities, parking, and security.

In practical terms:

  • Buyers prioritizing investment potential and liquidity often lean toward The Murano.
  • Buyers prioritizing lifestyle, space, and amenities often prefer Waterfront Square.

Which two-bedroom floor plan do you like best?

The Murano Condominiums Living room with a wall of floor to ceiling windows
Waterfront Square Open Layout Condo Unit Kitchen and Dining Room

Final Thoughts

Neither building is objectively “better.” They simply solve different problems for different buyers. I am biased because I have lived at Waterfront Square for almost two decades (and I like it).

If you want a luxury high-rise that feels connected to the energy of Center City Philadelphia, The Murano remains one of the strongest options in the city.

If you want a quieter, more residential luxury experience with larger units and extensive amenities, Waterfront Square offers tremendous value relative to price per square foot.

For buyers deciding between the two, the real question usually becomes: Do you want your luxury condo to feel like a city hotel — or a private waterfront retreat?

Mark Wade Philadelphia Realtor

MARK WADE, Realtor®
37 Years of Center City Condo Experience
BHHS Fox and Roach Realtors
530 Walnut St. #480 | Philadelphia, PA 19106
Cell: 267-237-3404
Email: Mark@CenterCity.com


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