One of the last-remaining developable lots in Rittenhouse Square will remain vacant for at least another year, with the news that 1911 Walnut isn’t expected to break ground until 2019.
Developer Southern Land Company told The Philadelphia Business Journal as much, also revealing that the proposed 48- to 49-story tower will include 200 rentals and 60 to 75 condo units.
It’s the latest update for the long-awaited $300 million development—the developer’s priciest project yet—that has been years in the making and gone through a number of design iterations that have postponed construction. It has also sought approval from the Philadelphia Historical Commission to demolish the Oliver H. Bair Funeral Home building on the site.
Along with the rentals and condos, which will each have their own entrances, here’s what else is in store, according to the report:
- High-end finishes in both the rentals and condos
- Extended-stay rentals
- Indoor and outdoor pools
- Swanky fitness center
- Restaurants on Sansom and Walnut
A sales center will open up next spring ahead of the groundbreaking. Already, Southern Land Company says it has received hundreds of calls from folks expressing interest in living at the unbuilt tower.
- Southern Land Co. seeks to 'set the market' with luxury tower on Rittenhouse Square [Philadelphia Business Journal]