May 17, 2017
By Caitlin Ware | May 3, 2016 | Home & Real Estate
Two new city residential projects offer the amenity on everyone's mind this time of year: The elusive rooftop swimming pool.
Take the plunge: One of the coolest amenities at the planned 1919 Market is the massive rooftop pool.
After lying vacant since 2010, the second and third floors of Parc Rittenhouse are now being transformed into The Estate Homes at Parc Rittenhouse. These 20 residences range from 2,500 to 6,000 square feet and offer views of the Square and the Curtis Institute of Music. Each is available unfinished so homeowners can determine the floor plan and design. Estate Homes residents will have access to the amenities available to the rest of the 254 units in the building, including a rooftop club and pool, a fitness center, and a 24-hour doorman. “There is a shortage of housing in all of Philadelphia, and even more so in Center City, due to an increase in millennials and baby boomers,” says Allan Domb, of Allan Domb Real Estate, developer of the project. “These two largest segments of the population no longer have a reason to be in the suburbs when the city provides a sense of community. The Estate Homes at Parc Rittenhouse provide buyers the city lifestyle without having to compromise on their residence.”
Things are picking up on the corner of 20th and Market Streets with 1919 Market, a planned 28-story residential tower with 321 luxury rental units. The contemporary apartments include studios as well as one- and two-bedrooms, and all come decked out with stainless steel appliances, quartz countertops, and European-tiled bathrooms. A wine-tasting room, infinity pool, rooftop entertainment space, and golf simulator are just a few of the residence’s high- lights. In addition, the joint venture project between LCOR and Brandywine Realty Trust is on its way to becoming LEED Gold certified and includes 24,000 square feet of office and retail space. Vice president of development for LCOR Donald Tracy says the apartments are ideal for “active professionals with terrific social lives who want to live, work, and play in an urban environment. The units offer all of that, but an escape from it as well.”
Up the road near 30th Street Station, Brandywine has joined forces with Drexel University to create Schuylkill Yards, a 14-acre community expected to take roughly 20 years to complete. The anticipated $3.5 billion project will be conducted in phases, with the first being Drexel Square, a 1.3-acre park at 30th and Market Streets. Part of the plan for the project is to re-purpose many of the existing buildings there as opposed to demolishing them, such as the former Philadelphia Bulletin newspaper building, which will receive a face-lift. Once Schuylkill Yards is finished, the five million square feet it covers will boast research laboratories, residential and retail areas, open public spaces, and educational facilities.
RendeRing couRtesy of 1919 MaRket