New luxury condos open in Arthaus tower on South Broad Street - Axios Philadelphia

2022-06-24 20:01:32 By : Ms. Nicole Wang

Axios Philadelphia is an Axios company.

Meet the latest addition to the Philadelphia skyline: Arthaus.

What's happening: The 47-story residential building — made up of 107 condos and three penthouses — is now open after more than three years of construction.

State of play: The sleek glass-and-concrete tower located across from the Kimmel Center brings 400,000 square feet of new condominiums and ground-floor retail and dining to the Avenue of the Arts.

Between the lines: Dranoff told Axios that several floors have already been sold, although he declined to disclose exact sales figures.

By the numbers: The $253 million Arthaus project's condos range in size from approximately 1,600-5,550 square feet, according to the developer.

Zoom in: Two of the penthouses take up one floor each, ranging in price from $7 million to $8 million.

Building amenities include: A rooftop glass greenhouse along with gardening beds.

What they're saying: Dranoff said Arthaus will reset expectations for residential properties at the top of the market in Philadelphia.

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