Photos by Laura Kicey
It’s not very often that the shiny new luxury high rise is rental-only. But such is the case at 2116 Chestnut. The building is home to 321 units spread between 30 floors all set above a five-story parking garage. Residents enjoy an entire amenities floor closer to the kind you’d find in a fancy condo building, as well as high-end finishes in their own apartments.
In addition to the standard-issue stainless steel kitchen appliances and granite countertops, individual units each come with front-loading washers and dryers and their own dedicated hot water heaters. Units range in size from about 620 square feet in the studios to approximately 1,200 square feet in two-bedroom, two-bath models. Expect to pay anywhere between $1,800 for a studio closer to the ground and up to $3,675 for a two-bedroom, two-bath space on the 34th floor.
Today was the grand opening of 2116 Chestnut (left), a 34-story residential building that already has more than 100 people moved in. Deputy Mayor Alan Greenberger, who was intimately involved in making 2116 Chestnut happen, said in a statement that the city “is fast becoming a place of choice for exciting new projects which bring with them investment, new public spaces, and jobs.”
In fact, 2116 Chestnut provided 800 jobs. It was developed by the John Buck Company of Chicago along with the INDURE Fund, whose CEO, Jeff Kanne, trumpeted another indication of the fund’s faith in the city: “the complete revitalization of the Girard Trust Property on Market Street, with a targeted construction date of 2014.”
We assume Kanne is talking about Girard Square (formerly owned by the city-run Girard Trust) between 11th and 12th, for which INDURE has been trying to secure city or state funding for more than a year. (At the groundbreaking for 2116 Chestnut last year, in fact, Kanne told the Inquirer’s Joseph N. DiStefano that any plan he has for Girard Square “depends on getting money.”)
SPOTLIGHT LISTING: Center City Condo in Symphony House Exclusive condo available in Symphony House, located on Center City’s Avenue of the Arts. Floor-to-ceiling windows create a sun-filled atmosphere during the day, and provide enchanting urban views at night. Other topnotch features include Merbau mahogany floors, a custom gourmet kitchen, luxurious marble bath, and custom-built closets. [...]
This beautiful penthouse at 220 is described as “Grande, Glamorous, Gracious” in its listings copy–hence GGG. When it comes to living on Rittenhouse Square, those are pretty much the three adjectives that count (even with an extra “e.”) GGG is also the way that wise relationship columnist Dan Savage characterizes a perfect partner: “Good, Giving and Game,” aka, kind and generous and willing to try something once. Three Gs are good.
Of course, more than three Gs are required to take possession of this exquisite place, which has more than 6,000 square feet of living space, private elevator access, a glass-walled solarium, wrap-around terrace, marble and built-in everywhere you look, and painted ceilings and elegant decorative touches in the circular reception room and similar spaces.
A new Rodin-inspired guest room at Sofitel. Photo courtesy Sofitel.
To further solidify its connection to the arts and to French culture, the Sofitel hotel on 17th and Sansom has had all its guest rooms completely redone to reflect the influence of the Rodin Museum on the Parkway. Though there aren’t any explicit references to the sculptor or to the art venue itself, there are works of art in each room that were painted with Rodin in mind. Additionally, the museum’s Beaux Arts style and French garden apparently had a strong impact on the finishes and colors chosen, as well as the furniture.
Two things Rodin would never have anticipated: The eco-friendly materials used in the rooms he inspired, and the $295 Barnes Collection package deal that’s now being offered as well.
When I wrote about this beautiful six-bedroom mansion last fall, I went pretty far to find out who owned it, and I discovered that the woman who lived there was rather reclusive — or, better said, simply didn’t want a real estate blogger blathering about her home to the online world, especially given that she lived there for 40 years. That’s a long time to cherish one’s home privately.
As it happens, the lack of publicity didn’t hurt when it came to selling it. The home is now under contract for a little less than its original asking price, which was $2.9 million in the fall. According to realtor.com, the sale is pending at $2.75 million.
Photo of Ronald Wagenhoffer in better times via philadelinquency
Inquirer staff writer Julia Terruso filed a superb story this weekend offering an inside look at the state of mind of Ronald Wagenhoffer, the L&I inspector who was involved in monitoring the demolition site at 22nd and Market–the site that ultimately collapsed and killed six people. Terruso spoke at length with Wagenhoffer’s wife, Michele, who [...]
Photo: Laura Kicey
Arielle Gottlieb over at Allan Domb’s office sent us some information about the busy investor/developer’s latest project:
1955 Locust is a 9-unit building with micro-apartments ranging in size from 352 square feet to 510 square feet. There is one studio and the remainder are true one bedroom units. Although brand new, 1955 Locust stays true to many of its original building details such as oversized windows, high ceilings, restored wainscoting and other woodwork, and some homes even have the original marble fireplace mantels.
Despite being so small, each unit has high-end finishes and features including: hardwood floors throughout; bathrooms with stylish vanities and tile detail; kitchens with wood cabinetry, stainless steel appliances and granite countertops; and Bosch stackable washers and dryers.
Prices start at $1,390 per month.
Walnut Street in 2007. Via Wikipedia.
The Inquirer‘s fashion writer Elizabeth Wellington spoke with longtime Walnut Street style doyenne and shop owner Joan Shepp this weekend about what she’ll do now that she’s being priced out of the store that made the street chic to begin with. While Shepp isn’t sure where she’ll go next (we’ve heard rumblings about Chestnut Street; also, 15th Street), she certainly can’t afford the rent now charged to the “average 2,000- to 2,500-square-foot store…about $22,000 to $34,000 per month.”
In truth, Walnut Street has been expensive for a long time. In 2005, Women’s Wear Daily put it on a list of the most expensive retail streets, and reported that its average rent was $90 per square foot. (It’s now between $130 and $160 per square foot.)
Don Davidow, co-owner of Knit Wit, which moved to Chestnut Street, told Wellington: “Independent, local boutique owners just can’t afford to be on Walnut Street anymore.” And indeed, many of the newcomers are not independent: Intermix, the coming-soon Madewell, Stuart Weitzman, Theory, and potentially J. Crew menswear and C. Wonder.