"Carl Dranoff is a true craftsman. His passion and persistence for delivering residential communities at the highest level of quality and service is what attracted me to purchase his impeccable apartment portfolio. We are honored to become stewards of these assets for the next generation."
Terry Considine// Chairman/CEO, AIMCO
Serenade on the Avenue debuted earlier this month from a temporary stage facing City Hall on the 7th floor of the Arthaus construction site across from the Kimmel Center.
Park Towne Place, Left Bank and One Ardmore Place are among the $10.4 billion worth of multifamily properties Apartment Investment and Management Co. plans to spin out into a new public company.
The last time I saw Philadelphia developer Carl Dranoff and talked his Avenue of the Arts Dranoff Properties’ Arthaus condominiums – a residential behemoth in the form of a luxe, 47-story, 524-foot-high tower at Broad and Spruce Streets – it was before Covid-19, in January 2020.
“People look to the arts especially during these past few months for some sort of outlet or distraction from everything that is going on. So I’m so excited, so grateful for performing,” said Pilato.
The developer and arts patron offers music lovers a different kind of fall arts-season opener with “Serenade on the Avenue.”
Sometime in 2022, the seventh floor of Arthaus on South Broad Street will house the luxury residential building’s indoor swimming pool and hot tub, but right now it’s a bare concrete floor littered with construction materials.
As the $253 million Arthaus condominium project rises on South Broad Street in Center City and the Covid-19 pandemic lingers on, Dranoff Properties has made several tweaks to the design of the 47-story tower.
Dranoff Properties hosted Pulitzer Prize-winning architecture critic Paul Goldberger for a panel discussion about the development and future of Philadelphia’s famous Avenue of the Arts.
With a tap on a smartphone, more and more apartment renters are getting a taste of some of the conveniences once reserved for luxury homeowners.
The Main Line has long been known for grand manses surrounded by bucolic and spacious grounds, but as of late, there’s been a new trend that takes things in the decidedly opposite direction—apartment living. But don’t mistake these spaces for shoddy offerings of yore.
Tired of their small, outdated apartment, two renters head to Downtown Newark to find the best in modern living. Here’s where they wound up.
Philadelphia’s top-tier developers, architects, critics and their associates and friends met for the purpose of a panel, organized by Dranoff Properties, to discuss the wonder of the Avenue of the Arts...
On January 21, 2020, attendees joined Dranoff Properties for an evening of cocktails, hors d’oeuvres and conversation to discuss the future of the Avenue of the Arts at their event “Art, Development & Architecture: What's Next for the Avenue of the Arts?”
The $253 million, Bauhaus-inspired, 47-story Arthaus, now under construction by Dranoff Properties, will reset the Philadelphia skyline with 108 luxury condo units ranging in size from 1,600 to 5,500 square feet.
Carl Dranoff, founder of Dranoff Properties based in Philadelphia, planted a two-level garden at his newest project, Arthaus Condominiums in downtown Philly, which will include a greenhouse to grow orchids, outdoor plots to raise vegetables, flowers, and herbs, and an extended lawn off a communal event space.
Newark is getting a state of Kenyan cuisine with the coming opening of Swahili Village Bar and Grill at the sleek, NJPAC-proximate apartment complex One Theater Square.
In this latest edition of our Influencers series, we take a look at the multifamily asset class.
Dranoff Properties is building Arthaus, a $253 million condominium tower on South Broad Street in Philadelphia. The foundation is expected to be poured next month.
Gene Kohn of Kohn Pedersen picked as architect for Dranoff's Arthaus project, a $253 million condominium tower on South Broad Street in Philadelphia.
An ultra-luxury South Broad Street condo tower will offer Center City’s elite the chance to live, party, and garden without ever leaving the building.
Philadelphia's skyline is growing. City officials, architects, and developers announced Tuesday, plans for a new condo tower across from the Kimmel Center.
A 47-story condominium tower across from the Kimmel Center broke ground in Center City Tuesday.
A developer has big plans to build a 47-story residential tower at a long vacant lot along Philadelphia's Avenue of the Arts.
Dranoff Properties is testing Philadelphia's high-end- condo market - again.
A soaring glass residential tower is being proposed by developer Carl Dranoff for the spot across the street from the Kimmel Center for the Performing Arts where he first envisioned a condo-hotel hybrid seven years ago.
A new, 47-story skyscraper with luxury condos and amenities is set to go up at the corner of Broad and Spruce Street, overlooking the Kimmel Center and the heart of the city.
Today's midday ceremonial groundbreaking for the Arthaus, Dranoff Properties' new 47-story condominium tower at Broad and Spruce Streets was at once a triumph, an anticlimax and another testament to the perseverance of Carl Dranoff.
Six years after first announcing plans to redevelop a vacant site that used to house the office and studio of Philadelphia International Records, Dranoff Properties finally broke ground on Arthaus, a 47-story, 108-unit condominium tower in Philadelphia’s Center City.
Kohn Pedersen Fox Associates (KPF) has celebrated the groundbreaking of their first residential tower in Philadelphia, titled Arthaus. The 47-story condominium tower is situated at Broad and Spruce streets along the famed Avenue of the Arts, and directly across the street from the Kimmel Center for the Performing Arts.
In a lavish ceremony at the Kimmel Center Tuesday, Carl Dranoff revealed what he called "the crowning achievement of my career."
The $253-million Arthaus condo tower will feature 108 units, more than 36,000 square feet of amenities, including a rooftop greenhouse, and more than 4,200 square feet of ground floor retail.
Curbed Philadelphia reports that developer Carl Dranoff has announced plans for Arthaus a new, 47-story skyscraper filled 108 luxury condos and amenities.
Carl Dranoff's newest apartment building brings a distinctively urbane style of living to the Main Line downtown best suited to handle it.
The official opening ceremony of One Ardmore – which has been called a transformational project for the Main Line community – was held April 16. Guests included Gov. Tom Wolf, former Gov. Ed Rendell and Montgomery County Commission President Dr. Val Arkoosh.
One Ardmore is the culmination of a successful public/private partnership between Dranoff Properties and Lower Merion Township, which served as a principal catalyst for the economic revival of Ardmore and the arrival of high-quality residential living in the downtown district.
It’s been delayed for a decade, but the One Ardmore project on Cricket Avenue is finally about to open. And some are giving the new mixed-use project with its apartments, retail and parking garage credit for helping to spur new economic development in downtown Ardmore.
One Ardmore Place is now open and the ribbon-cutting ceremony had notable attendees including Gov. Tom Wolf and former Gov. Ed Rendell.
Developer Carl Dranoff celebrated the opening Tuesday of his One Ardmore apartment building, capping an 11-year struggle to complete the 110-unit project amid community opposition and public-financing snags.
The developer first responded to an RFP for the Cricket Lane site in 2006...
Completed in 2018, One Theater Square is Newark’s first residential high rise in 55 years. The iconic 22-story brick and glass tower has become a decisive symbol of Newark’s revival and an example of a successful private/non-profit collaboration.
For the past decade, Newark has been enjoying a revival. With stunning views of the Manhattan skyline, cultural opportunities, world-class dining, and convenient access to mass transit, the Essex County city is poised for exponential growth.
Homeowners who are ready to downsize and say goodbye to yard work and other time consuming and back-breaking chores are embracing a luxurious and low-maintenance lifestyle at One Theater Square.
When Rutgers Business School student Evan Kalen was looking for housing late last summer, he hoped to find an apartment within a short walking distance to his classes.
Heralding Newark's revival, One Theatre Square, located at 2 Center St. in downtown Newark, offers stylish residential living where big city benefits coexist with the friendly feel of a small community.
Enhancing Newark's skyline is One Theater Square, a new, 22-story residential tower that has become the symbol of the city's revival.
Dranoff Properties has launched residential developments across North America. But in Newark, the Philadelphia native and developer of the brand new One Theatre Square luxury apartment building said he and his team found a highly unique opportunity.
"It’s a carefully calculated risk," Dranoff told GlobeSt.com in 2016. "It’s just a bullseye location, you just can’t get a better location."
NJPAC, City Leaders Hail One Theater Square’s Opening in Downtown Newark
The ongoing revitalization of downtown Newark received a big boost Wednesday with the grand opening of the first luxury high-rise building completed in decades.
Doors have opened at the One Theater Square apartment tower in Newark, developed by Philadelphia-based Dranoff Properties in collaboration with the New Jersey Performing Arts Center located across the street.
Developer Carl Dranoff believes he knows his market for those who want to live in the apartments and condominiums he develops.
Philadelphia-based developer Dranoff Properties Inc. announced Wednesday it has welcomed the first residents at One Theatre Square, a luxury high-rise in downtown Newark.
The developers of a long-awaited, luxury apartment tower near the New Jersey Performing Arts Center in Newark have taken the wraps off the 245-unit building.
With everything for life, work and play just steps away, One Theater Square embodies a bold, new vision of downtown Newark.
Between May and December 2017, 59 of One Riverside’s 68 condominiums closed for a total of $123 million, underscoring the demand for high-end condos in Philadelphia.
Apartment Investment and Management Co. (Aimco) is bolstering its Philadelphia operation with a $445 million acquisition.
The development heavy-hitter wasn't looking to sell his collection of trophy properties, but the right suitor came knocking. He'll get more money and time to devote to future projects out of the deal.
The founder of Dranoff Properties has agreed to sell all of his rental holdings, to Apartment Investment & Management Co., making the Denver-based REIT the biggest residential landlord in the city.
Dranoff is turning his focus to his luxury condominium and rental developments, including the nearly completed rental property One Theater Square, adjacent to the New Jersey Performing Arts Center in Newark, NJ.
Carl Dranoff started his company in 1997 and Locust on the Park at 25th and Locust streets in Philadelphia was his first project. From there, Dranoff ventured to Camden, N.J., and into condominium development...
The iconic Two Liberty now has penthouses in the pencil point of the tower. Melissa Magee takes us on a tour of the city's highest residential living.
Last year 146 condos in the city sold for more than $1m, the type of sales activity that is common in New York & Boston, but unprecedented in Philadelphia
The Rivera Recreational Center is set to become the fifth home for the Mighty Writer's Program, which teaches children writing skills at locations across Philadelphia.
The largest penthouse unit at Carl Dranoff’s One Riverside condo tower has gone under contract for $7 million...making it the most expensive unit sold inside the recently built Fitler Square development.
For Philly’s empty nesters, sometimes two condos are better than one.
Carl Dranoff Interview on the CEOReport
Carl Dranoff is tweaking his proposal for a condo and hotel tower at the corner of Broad and Spruce Streets...
Carl Dranoff, left, CEO of Dranoff Properties, presents Mighty Writers Executive Director Tim Whitaker with a $20,000 gift to expand to Philly recreation centers in 2018.
The new owners are overwhelmingly from Philadelphia and the Main Line with a very small number from New York or New Jersey.
One Theater Square, a $94 million mixed-use residential tower and the first luxury multifamily development in New Jersey’s largest city in six decades, has been topped off.
One Theater Square is one of those construction projects that seemed to go up overnight. Actually, it was 347 nights - and days.
Brummer, lifelong Newark deli owner, is enjoying up-close and personal view of the city’s renaissance
Yesterday marked a milestone for the City of Newark, as One Theater Square—the first new upscale residential high-rise to be built in the city since 1960—celebrated its topping-off ceremony at 2 Center Street in the heart of the city's downtown district.
"New Jersey offers some of the nation’s most competitive economic development incentives...."
"Condo projects, on the other hand, seem to have... wind in their sails, with prices just now hitting their stride..."
"Plans for the northeast corner of Broad and Pine have changed significantly, swapping out a 23-story hotel for a 28-story residential tower..."
"The rooms feel surprisingly spacious with the 14- to 20-foot ceilings. Many have enormous closets in addition to modern kitchens..."
"We know that Carl Dranoff doesn’t flip his buildings; his goal is to be a good neighbor and to remain in the communities where he builds."
“The developer is patiently waiting to secure state funding before breaking ground on the 'biggest, tallest and most expensive' project he's ever done.”
"PHILADELPHIA - Peter Fader, a professor of marketing at the Wharton School of the University of Pennsylvania, has long yearned for the city life. "
“Building in the Garden State is a challenge even for the state’s most active developers”
"Philly’s Center City skyline officially has a new resident, developer Carl Dranoff’s 22-story condo high-rise One Riverside."
"Surrounded by dignitaries and his own past projects, the developer officially opened the city’s newest luxury condo tower last night."
“The newest addition to Center City's skyline, Carl Dranoff's One Riverside condominium project, marked its grand opening Tuesday night. ”
“On Black Monday, Oct. 19, 1987, the stock market lost nearly a quarter of its value in one day and set in motion a recession that crippled the nation into the early 1990s.”
“Growing up in Oxford Circle, with a drycleaner father and a stay at home mom, developer Carl Dranoff didn't come from money.”
“Carl Dranoff, 69, developer of the Symphony House, 777 S. Broad St., Locust on the Park and the Victor in Camden, went to Drexel for engineering, a fine career. ”
"Ardmore: A Downtown That’s Making a Comeback"
"When Isabel Livingston opened a shop in Newark’s Teacher’s Village development in 2015, she had no intention of moving there, too. "
“Set to open in April, Carl Dranoff's condominium development One Riverside is one of the most anticipated projects of the year.”
“During the 2016 presidential election, a slogan that entered into popularity in the 1970s was given new life.”
"The mega-builder with three careers may well be the ultimate survivor in Philadelphia’s development community."
"Lower Merion Township officials expect the long-awaited One Ardmore Place project on the current Cricket Avenue parking lot to get underway in the next few weeks with preliminary utility work beginning in early March."
"These four projects span price points and regions of the country, each targeting a particular demand."
"A bi-level penthouse at One Riverside that has four terraces is looking for its first owner who’s willing to shell out $7 million."
"It seems like the Philly skyline changes almost daily, with plenty of cranes rising and towers topping out."
"How new mixed-use communities embrace urbanism and placemaking, ditch golf courses and malls"
"Dranoff Properties’ One Riverside high-rise residences is the first new construction of its kind in Center City since the financial market meltdown of 2008."
"Check out some new luxury living options."
"The first tenants will move in starting in March. Dranoff Properties is sprinting towards having things ready for them when they come. There are also a couple of samples for those still looking to move in."
“In an exclusive interview with GlobeSt.com, developer Carl Dranoff explained that his successful developments in the Philadelphia area...”
For the first time in more than half a century, luxury apartments are being built in Newark,another sign of revitalization in the state's largest city.
“City and state leaders Monday joined in a ceremonial groundbreaking on a 22-story residential high-rise that was first proposed more the a decade ago... ”
“Newark's first luxury residential high-rise in more than 50 years has begun construction and is anticipating significant interest from a priced-out New York City and Hudson County resident market.”
“Twenty years have come and gone since the New Jersey Performing Arts Center first opened its doors. The idea then was that a new neighborhood would rise around the arts center. ”
“A who's who of current and former officials including former Gov. Tom Kean and Lt. Gov. Kim Guadagno broke ground Monday on the city's first major market-rate residential building in more than five decades.”
“Today, the New Jersey Performing Arts Center and developer Dranoff Properties, Inc. of Philadelphia celebrated the ground breaking of One Theater Square...”
“A new building coming to Newark will tower over the city’s Downtown. Named, One Theater Square, it will be the city’s first new residential high-rise since the 1960’s.”
Twenty years have come and gone since the New Jersey Performing Arts Center first opened its doors. The idea then was that a new neighborhood would rise around the arts center.
A who's who of current and former officials including former Gov. Tom Kean and Lt. Gov. Kim Guadagno broke ground Monday on the city's first major market-rate residential building in more than five decades.
“Talk about pressure. Imagine waking up and learning you have been identified by your peers as an "Emerging Icon."”
“Carl Dranoff has been involved in Philadelphia and the region’s residential real estate scene for decades...”
"While skyscrapers continue to rise in Jersey City and across the Hudson River, Newark is gearing up for its own transformation."
“Martin Watson stood in the sleek lobby of the Victor Lofts and marveled at what RCA Building 17 in Camden has become.”
“Every month, a group of retirees meet at Victor’s Pub in Camden. Afterwards, they walk to the lofts bearing the same name.”
"It's very easy to point to all the reasons Newark should be successful as a place to live and work..."
“Philadelphia developer Carl Dranoff began construction Friday on a high-rise rental-apartment building across from the New Jersey Performing Arts Center in Newark, nearly nine years after the project was first proposed.”
As New Jersey’s biggest city looks to fill out its skyline, developers and real-estate analysts say Newark may be poised for a residential revival.
“If you follow the pack you will always be behind the curve.”
"One floor of this tower in a park was turned into a park in a tower to mark the occasion."
“A year after the groundbreaking for One Riverside, workers Monday poured concrete for the 22nd and final floor of the building hugging the Schuylkill at 25th and Locust Streets.”
"With the recent arrival of warm weather, it seems we all have a collective hankering for anything outdoors. And while we can certainly pencil in visits to hiking trails and beer gardens, it becomes decidedly more difficult..."
“Philadelphia-area building-and-construction leaders use terms like bullish and exciting—coupled with caution about schools and taxes—to describe the local market in a series of recent interviews.”
“Philadelphia has gained its rightful place as a national model of urban renewal, and the proof is all around us...”
“Builders are competing to create the tallest residential structure in Philadelphia. The condominiums and hotel rooms at the SLS Lux Philadelphia Hotel and Residences will loom 556 feet over the Center City neighborhood when it finally opens in 2017.”
“When developer Carl E. Dranoff first drove across the Ben Franklin Bridge to the Camden, New Jersey, waterfront to view a possible site for luxury housing, he was dumbfounded.”
“The Left Bank - at $58 million, developer Carl Dranoff's most expensive project to date when it opened in late January 2001 - was considered a dangerous move at the time...”
“If One Riverside, Dranoff Properties'$85 million residential project in the Fitler Square neighborhood of Philadelphia, is a barometer of how the condominium market is fairing in Center City, then things are going well...”
"We want to keep our customers under one roof. If a brand has satisfied you, you want to stay with it and we want to keep them."
"Los Angeles hospitality mogul Sam Nazarian plans a second Philadelphia hotel, a slightly less pricey sibling of the high-end SLS Lux he's building with local developer Carl Dranoff..."
“WE are going to build this building!” Mayor Cory A. Booker thundered with an intensity that made the veins stand out at the temples of his shaven head.