Southern Land Co. and Redwood Capital Investments LLC tapped HFF to market 3601 Market, its newly constructed Class A luxury apartment tower in Philadelphia’s University City submarket.
The 28-story, 363-unit tower was completed in 2016 and offers studio, one- and two-bedroom floorplans averaging at 730 square feet, as well as penthouses. Apartment features include floor-to-ceiling windows, stainless steel appliances, hardwood floors, private balconies, two-toned cabinetry, chrome fixtures, glass tile backsplashes, exposed concrete ceilings, quartz countertops and washers and dryers. Residents will have access to amenities such as a rooftop heated saltwater pool; a 3,500-square-foot pool deck with a fire pit, grilling area and private cabanas with flat screen televisions; a lobby doorman and concierge services; a 24-hour fitness center with yoga studio; a resident lounge with game room and full equipped kitchen; on-site parking for vehicles and bikes; free Wi-Fi in common areas; pet friendly accommodations; a business center; 13,275 square feet of retail; and on-site dining including Danlu Restaurant, Dunkin Donuts, Jimmy John’s and Herban Quality Eats.
The building is near several major employers and universities, including the University of Pennsylvania, Drexel University, University City Science Center, Children’s Hospital of Philadelphia and Comcast Corp. Due to its centralized location, the property has been awarded a Walk Score of 94, Bike Score of 97 and Transit Score of 99.
The HFF investment sales team representing the seller is led by Senior Managing Directors Mark Thomson and Jose Cruz, Managing Director Jeff Julien and Associate Director Carl Fiebig. HFF also recently marketed the sales of Tantra Lake in Boulder, Colo. and Regency Place Apartments in Raleigh, N.C.
Images courtesy of 3601 Market