Philadelphia’s Most Sought After Address in Rittenhouse Square.

In 2011 Dranoff was named court-appointed receiver to complete construction and restore the property’s image for 10 Rittenhouse, a luxury condominium development in Philadelphia’s Rittenhouse Square neighborhood. The property was inherited under distressed conditions. Dranoff was able to dramatically reposition 10 Rittenhouse within the market. Floor plans were redesigned to maximize the use of space, finishes were upgraded and the amenity floor was renovated and expanded. As a result, consumers began to regain their confidence in the project and prices grew exponentially throughout the course of the sales period. This ultimately resulted in the closing of over 100 luxury residences in excess of $200 million in value. The property ultimately achieved the highest price per square foot in Philadelphia at the time.

Project Details

Construction Type
New Construction High-Rise Building
Primary Use
33-Story Condominium and Retail
Number of Units
143
Parking Spaces
157
Retail Use
Serafina Restaurant
Completion Date
2014

Apartments

Southstar Lofts

Entertainment

Suzanne Roberts Theater

Upcoming Condominiums

SLS Philadelphia

Upcoming Apartments

One Theater Square