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MShoeSlur t1_j15i2mc wrote

Weird that it’s only 7 feet taller (611 vs 604) than the Laurel, which just opened about 50 feet away and doesn’t seem to be leasing up very well. The 2BRs start at $5500 which is some NYC pricing

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ColdJay64 OP t1_j15t1a2 wrote

Two weeks ago I read that nearly 70% of the condos in the Laurel had sold: https://www.bizjournals.com/philadelphia/news/2022/12/05/laurel-rittenhouse-square-philadelphia-photos.html?ana=TRUEANTHEMFB_PL&csrc=6398&utm_campaign=trueAnthem%3A+New+Content+%28Feed%29&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3oB2W-sbHM5wZjYxqe6yhkgsFKV45rJG75sms4NsCdRBhjxlF1saBO5vg

How do you know it's not leasing well? That's disappointing, it is very expensive though.

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MShoeSlur t1_j15tomx wrote

I was referring to the apartments, which make up the majority of the units there. You can look at an interactive map at 1909 Rittenhouse (I guess they’re branding them differently even though they share the building) and see that roughly ~75% of units are available for rent 😬

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ColdJay64 OP t1_j15xdhf wrote

I think the different branding is a pretty bad idea, I've followed this development from the beginning (not that closely) and haven't even heard of that until just now. I googled "Laurel rittenhouse rentals" and "laurel rittenhouse apartments" and nothing for 1909 Rittenhouse even came up, and I don't see a way from the Laurel website to get to the apartments either. Besides the prices, this certainly doesn't help get them leased...

Edit: OMG, a 2 bedroom on like the 3rd floor is $10k a month?!

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Ng3me t1_j172k2f wrote

Majority of units but equal number of floors and probably pretty close in sq footage. The article says 40% of rentals are booked so not 75% available.

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PatAss98 t1_j15p6nh wrote

If that's the case, the city housing authority should buy excess units from the landlord and lease the surplus units as low income apartments. Having the wealthy tenants who run the city businesses live next to lower income tenants that are affected by their policies might help the wealthier tenants build some empathy

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ColdJay64 OP t1_j15tboq wrote

The housing authority spending millions on a few units would be a tremendous waste of taxpayer money.

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LFKhael t1_j15px23 wrote

Lmao there's a barrier and bushes so Arthaus doesn't have to see the next door neighbors sleeping in front of Broad Street Ministry.

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