Beyonce and Jay-Z Not Moving to Philly…Yet

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Rumors of Jay-Z and Beyoncé buying a $20 million penthouse in Philadelphia have been quelled, for now.

The power couple had reportedly committed to purchase real estate at the new 500 Walnut building in the Washington Square section of the city, according to Michael Angelina, a Berkshire Hathaway HomeServices Realtor. However, this information is not being confirmed by the tower's developers.

"Though it is not our policy to either confirm or deny who our buyers are to respect their privacy, we can tell you that Jay-Z and Beyoncé did not purchase the penthouse at 500 Walnut at this time," said Paula Celletti-Baron, VP of Sales and Marketing at 500 Walnut.

Angelina did not respond to calls today, but he told PhillyMag.com that his source has been solid on multiple big stories before official releases.

"Do I believe it? I don't know," Angelina said. "But I believe [my source]."

500 Walnut is a 26-story glass condo tower that is expected to open in the spring of 2017. It faces Independence National Historic Park and is being built by Scannapieco Development Corporation.

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