Dranoff Breaks Ground on $253M Tower Project in Downtown Philadelphia

by John Jordan Globest.com
Dranoff Properties broke ground earlier this week on its latest project, a 47-story condominium tower located at Broad and Spruce streets, across from the Kimmel Center for the Performing Arts.

The $253-million Arthaus condo tower will feature 108 units, more than 36,000 square feet of amenities, including a rooftop greenhouse, and more than 4,200 square feet of ground floor retail.
Designed by Philadelphia-native Eugene Kohn of Kohn Pedersen Fox Associates, is scheduled for initial occupancy in the fall of 2021.

“Arthaus is a no-compromise, single-purpose tower that punctuates the Philadelphia skyline with luxurious living and unmatched amenities,” said Carl Dranoff, CEO, Dranoff Properties. “We are bringing Philadelphia something it has never seen before—a greenhouse with extraordinary outdoor amenities—we’re giving our residents their own park in the sky.”
Dranoff Properties groundbreaking event on Tuesday featured a host of dignitaries, including: Ed Rendell, former Governor of Pennsylvania; Philadelphia Mayor Jim Kenney; Eugene Kohn, founder and chairman of Kohn Pedersen Fox Associates; Councilman Mark Squilla and others.

“Carl Dranoff has a track record of reshaping and rejuvenating neighborhoods and cities,” said Philadelphia Mayor Jim Kenney. “For decades he has pioneered areas like Old City, Fitler Square and the Avenue of the Arts and transformed them into highly desirable residential destinations. A prominent skyscraper like Arthaus furthers his deep commitment to Philadelphia and solidifies our position as a world-class city.”

The building’s design was inspired by the Bauhaus movement—a period of architecture that stressed form and function over excess and decoration, the developer notes. The Arthaus tower will offer high ceilings, floor-to-ceiling windows, wide-plank oak flooring and oversized balconies with panoramic views from each corner unit, Dranoff Properties states.
Building amenities will include a 75-foot indoor lap pool and state-of-the-art fitness center overlooking the Kimmel Center, a library, board room, club room, a dining salon, café with demonstration kitchen and kids’ playroom. In addition, Arthaus will offer a 24-hour concierge, valet services and a chauffeur-driven town car.
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