Dranoff Properties Offers FREE Smart Car as Incentive to Buying Luxury Condominium at Philadelphia’s Symphony House

July 23, 2008

PHILADELPHIA--(BUSINESS WIRE)--Forget about upgraded countertops or appliances—a Philadelphia developer has come up with the ultimate incentive to wake up buyers, now that gas is over $4 a gallon. Dranoff Properties is offering a FREE Smart Car as an incentive to anyone who purchases one of the few remaining million dollar luxury condominiums in the spectacular Symphony House condominium tower located in Center City Philadelphia along the city’s Avenue of the Arts. Symphony House, which has currently sold 85% of its space, conceived a promotion too good to be true to move the few remaining luxury residences—for the environment and the wallet. “At 40 miles per gallon, a Smart Car can easily save the average SUV driver $260 a month and reduce their carbon footprint by 6,225 pounds of carbon a year,” says Carl Dranoff, President and CEO of Dranoff Properties. “We have sweetened the deal by including a free parking spot in the Symphony House garage, which sells for $75,000, for each of the Smart Cars that we give out with the purchase of a condominium. We’re finding that many suburbanites were returning to the City before gas prices increased. But the cost of commuting has accelerated that trend. Now, you can move back to Center City, get rid of your gas-guzzling SUV, and use the Smart Car to park just about anywhere, all while having a less expensive, more environmentally conscious urban living experience.” The Smart Car offer is for a limited time, good for new sale agreements on select Symphony House condominiums. “Urban living in the heart of Philadelphia is a smart choice, and we just made it even smarter by making it more economical and environmentally friendly.”

More