Historic Gothic Building Redeveloped into Luxury Apartment Community
- Jul 20, 2012
Philadelphia—It is possible to have all the charm of an old building with all the conveniences and luxury of a new one, as 806 Capital and Federal Capital Partners are proving with The Arch, a historic gothic building open for pre-leasing of luxury apartments.
The Arch, located in Center City, Pa., includes 111 apartments including studios, one- and two-bedroom units and penthouses, with rents ranging from $1,349 to $2,900. It features a domed ceiling, marble staircases and terrazzo floors.
“The Arch, which was once known as the Robert Morris Building, has a great legacy in Center City Philadelphia so we worked with four different state and national agencies to preserve and restore historic details like the white terracotta facade and the domed ceiling lobby with polished marble staircase,” Leo Addimando, founder and managing partner, 806 Capital, tells MHN. “We incorporated elements like the original mail chute, replicas of the original wood and glass entry doors and large windows out of respect for the original architecture. Several apartments have slight variations of the typical floor plan because of the historic nature of the building and original floor plate.”
Mixed with the original architecture, The Arch includes apartments with smart wiring, in-unit washer and dryers, walk-in closets and individual climate control, as well as European-style kitchens.
“What Makes the Arch unique is that it combines the historic elements of the building with a modern living experience,” Jessica Scully, president of Scully Company, says. “The amenities package is fantastic, we have a resident’s lounge, and state-of-the-art fitness center and media room with stadium seating. The Arch’s residents even get preferred access to center city’s hottest nightlife venues. The Arch is bringing a unique living experience by marrying the modern lifestyle with the historic elements that are such a great part of Philadelphia’s appeal.”
Financing was provided by Federal Capital Partners and PNC Bank.