Tuesday, July 22, 2014

$140M Rodin Square Project to Break Ground by Labor Day

Developers hope to break ground on the huge Rodin Square mixed-use complex in Philadelphia’s Art Museum district by early September. The 651,000 square foot development at 22nd and Spring Garden Street will include a 60,000 square foot Whole Foods topped by a 35,000 square foot “Sky Park”, featuring a beautifully landscaped green roof with an infinity swimming pool, a grill and bar area, outdoor dining overlooking the Ben Franklin Parkway.

A nine-story residential building, called The Dalian on Fairmout, will be built above the market and include 293-unit luxury apartments with an incredible view of the city skyline.

Designed by Jim Volsky of MV+A Architects, The Dalian will also feature a second-level 12,000-square-foot glass lobby.

Rodin Square will be located at 501 N. 22nd Street - walking distance from the Philadelphia Museum of Art, the Barnes Foundation and Fairmount Park.

Construction of the mixed-use complex will replace a Best Western hotel that is currently on the site.

The development will include almost 500 parking spaces, with one level of below-grade parking to serve the retail component.

The residential units will be served by an multistory above-grade parking structure, screened from the street.

"It's a great project in Philadelphia. It's going to be the next premier apartment building," said Will Simpson, an associate at Federal Capital Partners. “This is going to be a very highly-amenitized, first-class luxury apartment building."

The price tag for the project is estimated at $140 million, with construction expected to be complete by winter 2016.

Neal Rodin is the project’s developer, and INTECH Construction of Philadelphia is providing the construction management.



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