
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.