Philadelphia Magazine recently reported the plans for a new tower in Rittenhouse Square by Irish developer, Castleway Properties.
The plans include a luxury condo tower and boutique hotel. In the past few years, other developers including Castleway Properties have proposed plans that fell through. This project will include a 150 unit tower with over 350,000 square feet of residential space, 25,000 feet of retail space, a 200,000 square foot hotel and underground parking. Sounds like a great plan!
According to Philly Mag, the plans were presented to the Center City Residents’ Association. Hopefully at some point in the near future, groundbreaking will begin on the project. The L-shaped lot is a prime piece of real estate worth about $10 million.