contemporary style coupled
with eco-chic elegance.
With a bevy of extravagant townhouses and luxe apartment complexes claiming ground throughout Philadelphia, city dwelling is no longer confined to cramped one-bedroom quarters that are seldom worth their sky-high price tags.
Dranoff Properties is once again making a statement on the Avenue of the Arts, this time with the mixed-use building Southstar Lofts (521 S. Broad St., 215-546-7827). Situated on a bustling corner in Philadelphia’s entertainment district, Southstar Lofts not only boasts 85 loft-style apartments (available for rent beginning in spring 2014), but it also contains 10,045 square feet of street-level commercial space.
“The goal was to capitalize on such an amazing location and bring together two vibrant and iconic neighborhoods,” says Carl Dranoff, the company’s president and CEO. “The new property will connect the truly avant-garde vibe of South Street and the lively theatrical, cultural, and dining scene of the Avenue of the Arts, creating a crossroads unlike any other in Philadelphia.”
The $32 million endeavor will offer studios and one- and two-bedroom apartments, complete with floor-to-ceiling window walls, unparalleled city views, and top-of-the-line features and finishes. As Dranoff’s second sustainable building in the area (the first is the LEED Silver–certified 777 South Broad), the new residences continue the developer’s green initiatives. Says Dranoff, “Southstar Lofts will be one of the best sustainable-living options for the growing community of sophisticated professionals in Philadelphia who are committed to living a healthy lifestyle.”
Also among the multimillion dollar projects popping up around town is The Lombard Estates (1803-1823 Lombard St., 215-801-1587), a gated community of 11 lavish townhomes across from the former Graduate Hospital in Rittenhouse Square.
“We knew we had a unique opportunity here and wanted to make sure we did it right,” says Noah Ostroff, who is developing the extra-large abodes with Harvey Ostroff and Mickey Murray. “We know many people want to live in a suburban home because of how spacious they are, but they want the amenities that Center City has to offer.” Ostroff says The Lombard Estates were designed with that buyer in mind, adding that they have the luxury of a suburban home right in the heart of the city.
For those looking for the utmost in luxury, Ostroff and his crew know how to deliver. Just a few of the high-end features that come standard: a home automation system; heated floors; a wine cellar in the basement; a rooftop kitchen with a barbecue, refrigerator, and sink; and a one-, two-, or three-car garage.
The project’s first two phases—a group of five homes that were sold before groundbreaking and a set of four that were claimed in a matter of weeks—proved there was high demand for this type of residence. Phase three, the final two homes, is set for completion in the fall.
From Post Brothers Apartments comes the modern, environmentally friendly apartment complex Goldtex (315 N. 12th St., 215-839-1010), located in the former textile factory of the same name at 12th and Wood Streets in Center City’s Loft District. Developers Michael and Matthew Pestronk (who are also brothers) completely transformed the vacant space, beginning with a striking façade of colorful glass panels and a planted green wall that reflects Goldtex’s energy-efficient structure and eco-chic elements.
“We decided to make [Goldtex] green because it’s just the right thing to do,” says Michael. “To us, it was second nature. Some of the green features include a hyperefficient skin on the building that lets through about a third of the heat that the skin of a typical apartment building would and a contract for 100-percent wind-generated power, giving it the lowest carbon footprint of any apartment building in the city.”
With a variety of floor plans available for its 163 units, Goldtex provides affordable luxury living in an area rich with architectural history. State-of-the-art fixtures make for elegant, streamlined kitchens and baths, and thoughtful planning allows for maximum use of the living space. Additional building amenities include a fully equipped fitness center, a rooftop pool, and a landscaped sundeck, as well as concierge services and garage parking. Goldtex has been move-in ready since May and is slated for completion in August.
The prime Center City location of the new luxury residence 2116 Chestnut (2116 Chestnut St., 215-825-1400) should be enough to make its rentals a huge hit when they become available. From the Chicago developer The John Buck Company, the property offers “resort-style living” within steps of Philadelphia’s best shopping, dining, and recreation.
“2116 Chestnut is setting a new standard for a luxury high-rise building in Rittenhouse Square,” says Susan Hammersley, senior vice president of The John Buck Company. “2116 Chestnut will provide first-class amenities to serve our tenants’ style of living in the most dynamic neighborhood in the city.”
Also a mixed-use property, the building has just over 9,000 square feet of retail space on the first floor and 321 studio, one-bedroom, and two-bedroom units. With unobstructed views of the skyline and the Schuylkill River, there’s something to see from each of the 34 floors. Although the apartments are stocked with features like granite countertops, stainless steel appliances, and energy-efficient floor-to-ceiling windows, the real draw is a luxurious oasis on the fifth floor. Complete with an entertainment suite, a state-of-the-art fitness center, conference rooms, and Wi-Fi, 2116 Chestnut’s fifth floor is the perfect space for both business and pleasure—and that’s just indoors. The floor also boasts a beautifully landscaped sundeck with a hot tub, lounge seating, and grills.
The first tier of apartments, up to the 14th floor, will be open to renters starting July 1, with the remaining floors scheduled for the first of September.