"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

Media Coverage

“Arthaus & Peach Cobbler On ‘The Dish’”
6 ABC Philadelphia, November 22, 2023

On 'The Dish' segment, peach cobbler is prepared in the kitchen with a stunning view at Arthaus Condominiums.

“Award of Merit Residential/Hospitality: Arthaus”
Engineering News-Record MidAtlantic, October 18, 2023

2023 MidAtlantic Best Projects

“Loch Bar brings Maryland-style seafood and all-day dining to Broad Street”
Philadelphia Inquirer, October 17, 2023

Loch Bar, a stylish, new restaurant across from the Kimmel Center, comes from Baltimore but has Philadelphians in the top management roles.

“The Essential Seafood Restaurants of Philly”
Eater Philadelphia, October 17, 2023

The best Philly spots for raw bars, seafood towers, and perfectly cooked fillets.

“Loch Bar, Atlas Restaurant Group Seafood Tavern, Opens Along Philadelphia’s Avenue Of The Arts At Arthaus, Dranoff Properties’ High-Rise Condominium”
What Now Philly, October 16, 2023

The restaurant is set to open with a raw bar, Maryland-style seafood, caviar, cocktails and more for lunch and dinner seven days a week

“Loch Bar Philadelphia Opens”
Dosage Magazine, October 13, 2023

A symphony of seafood along Philadelphia’s Avenue of the Arts, Atlas Restaurant Group’s popular seafood tavern, Loch Bar, has opened at Arthaus.

“Baltimore restaurateur set for Philadelphia debut with new Loch Bar at Dranoff’s Arthaus, plans more restaurants”
Philadelphia Business Journal, October 9, 2023

"The city's got soul, it's got grit, and it's a city that likes to win. And so we want to be here," Atlas Restaurant Group founder Alex Smith said of the company's move into Philadelphia.

“A View From The Top”
The Philadelphia Inquirer, May 25, 2023

From the 42nd floor penthouse of the new Arthaus Condominium on South Broad Street, visitors can view the Delaware River to the east and City Hall to the north. Interior designer Jimmy DeLaurentis outfitted this Center City penthouse with an eye for its skyline views.

“Seafood restaurant from Baltimore group opening in Dranoff’s Arthaus”
Philadelphia Business Journal , February 28, 2023

The restaurant in Arthaus will have seating for up to 170 people and feature an open concept with 13.5-foot floor-to-ceiling windows looking onto Broad Street.

“Loch Bar, an upscale seafood restaurant, to open in the new Arthaus condos on South Broad Street”
The Philadelphia Inquirer, February 28, 2023

Facing the Kimmel Center and occupying the former site of Philadelphia International Records, the Baltimore-rooted restaurant will offer live music.

“9 Philly Development Projects You’ll Hear a Lot About in 2023”
Billy Penn, December 29, 2022

Developer Carl Dranoff had a busy 2022, opening the 47-story luxury condo tower Arthaus on the Avenue of the Arts. The next few years appear just as busy for Dranoff Properties, with multiple mixed-use projects planned further down South Broad Street.

“Dranoff Nears Construction on Latest South Broad Project, Under Contract for Another Development Site”
Philadelphia Business Journal, December 20, 2022

After developing several nearby projects, Dranoff Properties is looking to start work on an "elite boutique apartment building" on South Broad Street.

“MHN Announces Arthaus As 2022 Excellence Award Winner”
Multi-Housing News, December 2, 2022

Carl Dranoff’s knack for anticipating the desires of the luxury housing consumer ahead of the trends is his leading edge. His newest project Arthaus offers a remarkably prescient design for a post-Covid world. The $253 Million Arthaus is built for wellness and well-being and represents the next evolution in urban luxury living.

“Here’s To Your Health: Can a building improve your overall well-being?”
Philadelphia Magazine, September 27, 2022

Can a building improve your overall well-being? That’s the big idea behind Carl Dranoff’s latest luxury high-rise, Arthaus. by Meredith Lindemon.

“Living In Luxury: An Exclusive Look Inside The Stunning Arthaus Condominiums”
Philadelphia Style, July 27, 2022

View inside the new Arthaus Condominiums with this immersive flipbook from Philadelphia Style magazine.

“New Luxury Condos Open in Arthaus Tower on South Broad Street”
axiom.com, June 22, 2022

Meet the latest addition to the Philadelphia skyline: Arthaus. The 47-story residential building — made up of 107 condos and three penthouses — is now open after more than three years of construction.

“Arthaus Condominiums: Modern Amenities Meet Sustainability”
Fox29 Philadelphia, May 24, 2022

Carl Dranoff speaks with FOX 29's Mike Jerrick about Arthaus Condominiums, where there are more than 40 floors and a greenhouse.

“FYI Philly | Arthaus Penthouse Premiere”
6ABC Action News, May 2, 2022

Designer digs premiere sky high at ultra-luxury Arthaus Condominiums. Philadelphia Magazine is partnering with developer Carl Dranoff for a special penthouse premiere, now through May 22.

“A First Look at the Nearly Finished Arthaus”
phillymag.com, April 28, 2022

Our Penthouse Premiere showcases the best-outfitted condo building yet built in the city — and a designer-showcase penthouse unit.

“Arthaus Finalist in NAHB Pillars of the Industry Awards”
National Association of Home Builders, January 9, 2022

In Philadelphia’s bustling performing arts district stands a luxurious new oasis designed for wellness and well-being on the Avenue of the Arts. The 47-story, $253 million Arthaus is the city’s first biophilic condominium tower developed by award-winning urban visionary Carl Dranoff, whose work has raised the bar on luxury living in cities across America.

“Explore This New Residence With a Swimming Pool Above Broad Street”
Philly Style Mag, September 10, 2021

Designed by internationally acclaimed architect A. Eugene Kohn and led by local developer Carl Dranoff, get a glimpse at the luxury condo’s two new model units.

“Take A Look Inside These Finished Arthaus Condos”
Philadelphia Magazine, September 8, 2021

Are you planning to buy a condo at Dranoff Properties’ Arthaus development but have no idea what you want it to look like? Carl Dranoff can help you get your imagination going. All you need to do is one of the following:

“Sweetheart Serenade On The Avenue – It’s A Musical Valentine To The City We Love”
Arthaus Condominiums, March 9, 2021

Video of the Sweetheart Serenade live performance on 2/13/2021.

“NJSO and DreamPlay Films present NJSO Everywhere: cinematic performances in outdoor spaces”
New Jersey Stage, February 25, 2021

(NEWARK, NJ) -- The New Jersey Symphony Orchestra and DreamPlay Films have announced new release dates for future episodes of NJSO Everywhere, to premiere online through April.

“Demand Is High For Newly Built Homes, But The Pandemic-Related Delays Continue To Hinder Builders”
The Philadelphia Inquirer, February 24, 2021

Home buyers are less patient with builders than they were early in the pandemic, but builders are still facing supply-chain disruptions, price hikes for materials, and other pandemic fallout.

“KPF’s first residential tower in Philadelphia, Arthaus, tops out”
Archinect, February 24, 2021

After breaking ground on its first residential high-rise in Philadelphia in June 2019, Kohn Pedersen Fox Associates now celebrated the topping out with developer Dranoff Properties.

“Workers Are ‘Doubling Down’ To Finish Luxury Condo Building Arthaus In Center City”
The Philadelphia Inquirer, February 23, 2021

Because of the pandemic, the construction industry continues to face building material shortages and restrictions on workers that hinder and delay projects. The construction of Arthaus, a luxury condo building in Center City, has continued through rain and snow as workers try to stay on schedule for its February 2022 opening.

“Arthaus, KPF’s First Residential Tower In Philadelphia, Tops Off”
The Construction Specifier, February 23, 2021

Designed by Kohn Pedersen Fox Associates (KPF), Arthaus in Philadelphia, Pennsylvania, has topped off. The firm’s first residential tower in the city, the 47-story structure is located along the famed Avenue of the Arts.

“Arthaus Tops Out in Philadelphia”
Civil & Structural Engineer Media , February 23, 2021

Once completed, the luxury residential tower will further establish Philadelphia’s Avenue of the Arts as one the most desirable urban communities in the world

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“Arthaus, KPF’s First Residential Tower in Philadelphia, Tops Out”
Arch Daily, February 22, 2021

Arthaus, Kohn Pedersen Fox Associates' first residential tower in Philadelphia has just topped out. The 47-story development with 108 residences, slated for occupancy in early 2022, is located along the famed Avenue of the Arts directly across the street from the Kimmel Center for the Performing Arts.

“Arthaus, KPF’s First Residential Tower In Philadelphia, Tops Out”
Arch Daily, February 22, 2021

Arthaus, Kohn Pedersen Fox Associates' first residential tower in Philadelphia has just topped out. The 47-story development with 108 residences, slated for occupancy in early 2022, is located along the famed Avenue of the Arts directly across the street from the Kimmel Center for the Performing Arts.

“Arthaus, Center City’s Newest Skyscraper, Gets Topped Off”
The Philadelphia Tribune, February 15, 2021

The Arthaus condos complex along the Avenue of the Arts held its topping-off ceremony Friday to celebrate the construction crews who weathered the COVID-19 storm to build the city’s newest skyscraper.

“$253M Arthaus Development Takes Shape On South Broad”
Philadelphia Business Journal, February 9, 2021

Sales of the condominiums, which start at $1.6 million, are ahead of schedule, according to Carl Dranoff. The developer has also begun to look at his next project, which will rise nearby.

“This Weekend, Love Is (Up) In The Air”
Philly Metro, February 8, 2021

Love is in the air, or, at least songs about love will be this weekend—and there’s an extra special reason to check out what’s happening down on The Avenue of the Arts.

“Broadway On The Avenue – Opening Night 2020 Style!”
Artthaus Condominiums, October 15, 2020

“Opera On The Avenue – The Sound Of Music Returns!”
Arthaus Condominiums, October 15, 2020

“FOX 29 News Coverage 9/30 Of Serenade On The Avenue”
FOX 29 Philadelphia, September 30, 2020

“Fox Good Day Philadelphia – Serenade on the Avenue Coverage”
Fox Good Day Philadelphia, September 29, 2020

“City of Serenades”
Philly Metro, September 24, 2020

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.

“Philly Live News Clip From 9/22/2020”
NBC 10 - Philly Live, September 22, 2020

“FYI Philly News Clip From 9/20/2020”
6 ABC - FYI Philly, September 20, 2020

“Aimco Spins Off Apartments”
Aimco Spins Off Apartments, September 17, 2020

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.

“Philly Developer Carl Dranoff’s Concert Series Is A Balcony Beauty And An Arthaus Hit”
Dosage Magazine, September 16, 2020

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.

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“Free Center City pop-up concerts will be held from 7th floor of condo under construction”
KYW News Radio, September 15, 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.

“Dranoff Presents Socially Distanced Concerts from His Unfinished Condo Tower’s Seventh Floor”
phillymag.com, September 14, 2020

The developer and arts patron offers music lovers a different kind of fall arts-season opener with “Serenade on the Avenue.”

“Hard-hat harmonies: Music returns to (and above) the Avenue of the Arts”
WHYY Radio, September 14, 2020

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.

“Developers Create Covid Friendly Homes”
Philadelphia Business Journal, September 10, 2020

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.

“Philly Style On The Scene: Street Of Dreams”
Philly Style, May 1, 2020

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.

“Expect more apartments around Philadelphia to offer smart-home technology”
Philadelphia Inquirer, February 26, 2020

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.

“Luxury Apartments Are All the Rage in Philly’s Suburbs”
Philadelphia Style, February 24, 2020

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.

“A Couple Explore the New Developments of Newark. Which of These Homes Would You Choose?”
The New York Times, February 13, 2020

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.

“Developing the Avenue of the Arts, one (Art)haus at a time”
Philadelphia Metro, January 23, 2020

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...

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“The Arts, Architecture and Development: What’s New for the Avenue of the Arts”
Philadelphia Style, January 21, 2020

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?”

“Apartment Outlook 2020: Riding the Zenith”
Multifamily Executive Magazine, January 10, 2020

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.

“What’s Trending Next? A Dozen Home and Design Ideas for 2020”
Realtor Magazine, December 20, 2019

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.

“Café de Royal Opens in Ridgewood”
New Jersey Monthly, November 7, 2019

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.

“Influencers: The Top Names in Multifamily”
GlobeSt.com, October 11, 2019

In this latest edition of our Influencers series, we take a look at the multifamily asset class.

“Dranoff’s newest development on South Broad marks construction milestone”
Philadelphia Business Journal, September 11, 2019

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.

“Philadelphia Native Selected To Design S. Broad Condo Tower”
Philadelphia Business Journal, June 21, 2019

Gene Kohn of Kohn Pedersen picked as architect for Dranoff's Arthaus project, a $253 million condominium tower on South Broad Street in Philadelphia.

“Kenney: Ultra-luxury Tower Rising On South Broad Signals Success Of Philly’s Tax Abatement”
WHYY, June 11, 2019

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.

“City Officials Announce Plans For 47-Story Condo On Avenue Of The Arts”
philadelphia.cbslocal.com, June 11, 2019

Philadelphia's skyline is growing. City officials, architects, and developers announced Tuesday, plans for a new condo tower across from the Kimmel Center.

“New Center City 47-story Condo Tower Breaks Ground”
6abc.com, June 11, 2019

A 47-story condominium tower across from the Kimmel Center broke ground in Center City Tuesday.

“Condos, Retail, Green Space To Rise Along Philly’s Avenue Of The Arts”
nbcphiladelphia.com, June 11, 2019

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 Unveils $253 Million South Broad Condo Project”
Philadelphia Business Journal, June 11, 2019

Dranoff Properties is testing Philadelphia's high-end- condo market - again.

“Dranoff Goes All-In On Condos For South Broad Street Tower After Hotel Hybrid Plan Fizzles”
Philadelphia Inquirer, June 11, 2019

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.

“Dranoff Plans 47-Story Luxury Residential Tower At Broad And Spruce”
Curbed Philadelphia, June 11, 2019

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.

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“Carl Dranoff Breaks Ground At Broad And Spruce At Last”
Philly Magazine, June 11, 2019

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.

“Ultra-Luxury Condo Tower Underway In Philadelphia”
Multi-Housing-News, June 11, 2019

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.

“KPF Breaks Ground On First Philadelphia Residential Tower”
Arch Daily, June 11, 2019

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.

“Carl Dranoff Breaks Ground, Reveals Design For 47-Story Condo Tower On South Broad”
Bisnow.com, June 11, 2019

In a lavish ceremony at the Kimmel Center Tuesday, Carl Dranoff revealed what he called "the crowning achievement of my career."

“Dranoff Breaks Ground On $253M Tower Project In Downtown Philadelphia”
GlobeSt.com, June 11, 2019

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.

“Philadelphia Getting 47-story Luxury Condo Tower”
Builder Online, June 11, 2019

Curbed Philadelphia reports that developer Carl Dranoff has announced plans for Arthaus a new, 47-story skyscraper filled 108 luxury condos and amenities.

“Apartment Profile: A First Look at One Ardmore”
Philadelphia Magazine, April 24, 2019

Carl Dranoff's newest apartment building brings a distinctively urbane style of living to the Main Line downtown best suited to handle it.

“Wolf, Rendell Attend One Ardmore opening (photo gallery)”
Philadelphia Business Journal, April 18, 2019

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.

“Dranoff Launches One Ardmore, Successful Public/Private Partnership Project”
GlobeStreet.com, April 17, 2019

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.

“Wolf, Rendell help open long-awaited One Ardmore project”
Main Line Times, April 17, 2019

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 Opens With Govs Wolf, Rendell Tuesday”
Ardmore Patch, April 17, 2019

One Ardmore Place is now open and the ribbon-cutting ceremony had notable attendees including Gov. Tom Wolf and former Gov. Ed Rendell.

“After 11 years of ‘delays and setbacks,’ developer Carl Dranoff unveils apartment building in Ardmore”
Philly.com, April 16, 2019

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.

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“After 13 Years, Dranoff’s Controversial One Ardmore Opens”
Philadelphia Business Journal, April 15, 2019

The developer first responded to an RFP for the Cricket Lane site in 2006...

“The Best Developers Top Project of 2018: Dranoff Properties, One Theater Square, Newark, NJ”
Mid Atlantic Real Estate Journal, March 29, 2019

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.

“The many benefits of living in Newark at One Theater Square”
The Star-Ledger, March 24, 2019

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.

“One Theater Square offers empty nesters luxurious, maintenance-free living in the heart of thriving Newark”
The Star-Ledger, March 10, 2019

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.

“Grad students are calling One Theater Square home”
The Star-Ledger, February 10, 2019

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.

“Culture, convenience and community unite at One Theatre Square”
The Star-Ledger, January 20, 2019

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.

“Newark’s One Theater Square offers luxury high-rise living with world-class amenities”
The Star-Ledger, October 28, 2018

Enhancing Newark's skyline is One Theater Square, a new, 22-story residential tower that has become the symbol of the city's revival.

“A Rare Confluence – One Theater Square Developer Carl Dranoff on the Uniqueness of Newark”
Brick City Live, October 15, 2018

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.

“Dranoff Proves His Instincts for Locations, Opens One Theater Square Luxury Multifamily in Newark”
GlobeSt.com, October 11, 2018

"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”
Real Estate NJ, October 4, 2018

NJPAC, City Leaders Hail One Theater Square’s Opening in Downtown Newark

“Newark Luxury High-Rise Apartment is the First Completed in 50 Years”
ABC 7, October 3, 2018

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.

“Philly Developer Dranoff Completes Luxury High-Rise in Newark, N.J.”
Philadelphia Inquirer, October 3, 2018

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.

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“Dranoff targets suburbanites at the Main Line’s One Ardmore Place”
Philadelphia Business Journal, July 26, 2018

Developer Carl Dranoff believes he knows his market for those who want to live in the apartments and condominiums he develops.

“Move-ins begin at One Theatre Square”
6abc Action News, July 19, 2018

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.

“Dranoff, NJPAC Launch Leasing at 22-Story Newark Apartment Tower”
Real Estate NJ, June 5, 2018

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.

“Dranoff Begins Leasing of Newark Residential Tower”
NJ BIZ, June 4, 2018

With everything for life, work and play just steps away, One Theater Square embodies a bold, new vision of downtown Newark.

“Best Real Estate Deals: The Projects, People & Companies Changing the Landscape”
Philadelphia Business Journal, May 23, 2018

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.

“Aimco Acquires 6-Asset Philadelphia Portfolio for $445M”

Apartment Investment and Management Co. (Aimco) is bolstering its Philadelphia operation with a $445 million acquisition.

“Why Carl Dranoff Sold His Apartment Buildings to AIMCO”
Philadelphia Magazine, April 18, 2018

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.

“Carl Dranoff To Sell All His Philly-Area Apartments To Denver Buyer”
BISNOW, April 17, 2018

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 Exits Philadelphia Rentals With Sale To Aimco”
GlobeSt., April 17, 2018

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.

“Dranoff sells apartment portfolio for $445M”
Philadelphia Business Journal, April 16, 2018

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...

“City’s Highest Living: Two Liberty Pencil Point Penthouses”
6abc Action News, March 26, 2018

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.

“Philadelphia’s Condo Boom Lures Hipsters and Baby-Boomers”
Financial Times, March 23, 2018

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

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“Philadelphia Mighty Writer’s Program Expands Rec Center”
Philadelphia CBS, March 7, 2018

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.

“Dranoff’s One Riverside penthouse sells to local buyer for $7 million”
Philadelphia Inquirer, February 16, 2018

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.

“New Condo Owners are Downsizing But Not in the Traditional Sense”
Curbed, January 22, 2018

For Philly’s empty nesters, sometimes two condos are better than one.

“Carl Dranoff Interview on the CEOReport”
CEOReport, January 16, 2018

Carl Dranoff Interview on the CEOReport

“Dranoff’s tweaked South Broad Street tower means fewer hotel rooms, more dwellings”
Philadelphia Inquirer, January 12, 2018

Carl Dranoff is tweaking his proposal for a condo and hotel tower at the corner of Broad and Spruce Streets...

“Mighty Writers get holiday gift to help with expansion”
Philadelphia Tribune, December 22, 2017

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.

“One Riverside rings up $123M in sales this year”
Philadelphia Business Journal, December 15, 2017

The new owners are overwhelmingly from Philadelphia and the Main Line with a very small number from New York or New Jersey.

“Dranoff’s One Theater Square MF Development Topped Off In Newark”
GlobeSt., September 26, 2017

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.

“Newark’s Building Boom an Echo of its History: Di Ionno”
NJ.com, September 24, 2017

One Theater Square is one of those construction projects that seemed to go up overnight. Actually, it was 347 nights - and days.

“Hobby’s Owner: ‘One of the best days in Newark in a Long, Long Time’”
ROI-NJ, September 21, 2017

Brummer, lifelong Newark deli owner, is enjoying up-close and personal view of the city’s renaissance

“One Theater Square Slated to Open in 2018”
TAP into Newark, September 21, 2017

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.

“Opinion: Amazon and Newark Perfect Together?”
NJ Spotlight, September 18, 2017

"New Jersey offers some of the nation’s most competitive economic development incentives...."

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“Market shift pitches Dranoff toward condos on South Broad corner”
The Philadelphia Inquirer, August 28, 2017

"Condo projects, on the other hand, seem to have... wind in their sails, with prices just now hitting their stride..."

“Hotel out, 28-story condo tower in at Broad and Pine”
Curbed, August 23, 2017

"Plans for the northeast corner of Broad and Pine have changed significantly, swapping out a 23-story hotel for a 28-story residential tower..."

“See what luxury living in Camden looks like”
NJ.com True Jersey, July 17, 2017

"The rooms feel surprisingly spacious with the 14- to 20-foot ceilings. Many have enormous closets in addition to modern kitchens..."

“Kids get in on the construction act at One Ardmore Place”
Philadelphia Magazine, June 28, 2017

"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."

“From 8 floor plans to 18, Dranoff reflects on One Riverside as he prepares for next project”
Philadelphia Business Journal, June 8, 2017

“The developer is patiently waiting to secure state funding before breaking ground on the 'biggest, tallest and most expensive' project he's ever done.”

“Developers Lure Buyers to Cities, Even as Prices Stall”
The New York Times, June 6, 2017

"PHILADELPHIA - Peter Fader, a professor of marketing at the Wharton School of the University of Pennsylvania, has long yearned for the city life. "

“Survival of the fittest”
The Real Deal New York Real Estate News, June 5, 2017

“Building in the Garden State is a challenge even for the state’s most active developers”

“Dranoff’s One Riverside condo tower opens on the Schuylkill”
Curbed, May 3, 2017

"Philly’s Center City skyline officially has a new resident, developer Carl Dranoff’s 22-story condo high-rise One Riverside."

“Carl Dranoff Takes the Wraps Off One Riverside”
Philadelphia Magazine, May 3, 2017

"Surrounded by dignitaries and his own past projects, the developer officially opened the city’s newest luxury condo tower last night."

“Philly welcomes its newest luxury high-rise, Dranoff’s One Riverside”
The Philadelphia Inquirer, May 2, 2017

“The newest addition to Center City's skyline, Carl Dranoff's One Riverside condominium project, marked its grand opening Tuesday night. ”

“How Carl Dranoff dug himself out of the ’89 recession”
The Philadelphia Inquirer, March 21, 2017

“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.”

“How a kid from Oxford Circle became one of city’s most successful developers”
The Philadelphia Inquirer, March 20, 2017

“Growing up in Oxford Circle, with a drycleaner father and a stay at home mom, developer Carl Dranoff didn't come from money.”

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“Want to be a success? Pay promptly, Philly developer says”
The Philadelphia Inquirer, March 16, 2017

“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. ”

“10 Hottest Suburban Philadelphia Towns”
Philadelphia Magazine, March 4, 2017

"Ardmore: A Downtown That’s Making a Comeback"

“Is Newark the new Brooklyn?”
New York Post, March 2, 2017

"When Isabel Livingston opened a shop in Newark’s Teacher’s Village development in 2015, she had no intention of moving there, too. "

“SNEAK PEEK: Must-see photos of Carl Dranoff’s One Riverside”
Philadelphia Business Journal, March 1, 2017

“Set to open in April, Carl Dranoff's condominium development One Riverside is one of the most anticipated projects of the year.”

“Women to Watch 2017”
Philly Biz, February 28, 2017

“During the 2016 presidential election, a slogan that entered into popularity in the 1970s was given new life.”

“Who’s Building Philly: Carl Dranoff”
Philadelphia Magazine, February 27, 2017

"The mega-builder with three careers may well be the ultimate survivor in Philadelphia’s development community."

“Preliminary work to begin next month on Ardmore One Project in Ardmore”
Main Line Times, February 24, 2017

"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."

“Strengthening Economy Encourages Various Development Trends”
MFE, February 23, 2017

"These four projects span price points and regions of the country, each targeting a particular demand."

“Bi-level penthouse at One Riverside with 4 terraces wants $7M”
Curbed, February 22, 2017

"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."

“Mapping the 26 high-rises under construction in Philly right now”
Curbed, February 21, 2017

"It seems like the Philly skyline changes almost daily, with plenty of cranes rising and towers topping out."

“New high-end developments bring the city to the suburbs”
Curbed, January 31, 2017

"How new mixed-use communities embrace urbanism and placemaking, ditch golf courses and malls"

“Positively Philadelphia: Dranoff Properties”
CBS Philly, January 22, 2017

"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."

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“FYI Philly: New Luxury Living”
6 ABC Action News, January 9, 2017

"Check out some new luxury living options."

“Hard Hat Tour: One Riverside”
Philadelphia Magazine, January 5, 2017

"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."

“Breaking Ground For Luxury Apartment Tower, Dranoff Calls Newark ‘Undiscovered’”
Globe St.com, November 21, 2016

“In an exclusive interview with GlobeSt.com, developer Carl Dranoff explained that his successful developments in the Philadelphia area...”

“Newark Luxury Apartment Construction Begins”
northjersey.com, November 15, 2016

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.

“NJPAC breaks ground on long-awaited high-rise project”
NJ.com True Jersey, November 14, 2016

“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... ”

“Groundbreaking gives backers chance to tout perseverance behind One Theater Square project”
NJBiz, November 14, 2016

“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.”

“Theater Square Project Seen as Latest Example of Newark Resurgence”
NJTV, November 14, 2016

“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. ”

“Newark breaks ground on 245-apartment building downtown”
Fox Business, November 14, 2016

“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.”

“NJPAC and Dranoff Properties Break Ground on $116Million Project One Theater Square”
The Newark Times, November 14, 2016

“Today, the New Jersey Performing Arts Center and developer Dranoff Properties, Inc. of Philadelphia celebrated the ground breaking of One Theater Square...”

“Construction to Begin on Newark’s First New Residential Tower in 50 Years”
Jersey Digs, November 14, 2016

“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.”

“Theater Square Project Seen as Latest Example of Newark Resurgence”
NJTV News, November 14, 2016

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.

“Newark breaks ground on 245-apartment building downtown”
FOX Business, November 14, 2016

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.

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“Emerging Icons: Recognized as having ‘the potential to become legends’”
The Philadelphia Inquirer, November 13, 2016

“Talk about pressure. Imagine waking up and learning you have been identified by your peers as an "Emerging Icon."”

“Carl Dranoff”
Philadelphia Business Journal, October 28, 2016

“Carl Dranoff has been involved in Philadelphia and the region’s residential real estate scene for decades...”

“One Theater Square could be bigger than a high rise Dranoff hopes $116M, 22-story building will key more growth in Newark”
NJBiz, October 12, 2016

"While skyscrapers continue to rise in Jersey City and across the Hudson River, Newark is gearing up for its own transformation."

“RCA retirees find their old workplace changed – from shabby to sleek”
The Philadelphia Inquirer, October 11, 2016

“Martin Watson stood in the sleek lobby of the Victor Lofts and marveled at what RCA Building 17 in Camden has become.”

“Historic Camden Building Carries Major Significance As It Turns 100”
CBS Philly, October 10, 2016

“Every month, a group of retirees meet at Victor’s Pub in Camden. Afterwards, they walk to the lofts bearing the same name.”

“Editorial: Easiest way to measure growth is with housing”
NJBiz, September 25, 2016

"It's very easy to point to all the reasons Newark should be successful as a place to live and work..."

“Construction begins on Dranoff’s Newark high-rise project”
The Philadelphia Inquirer, September 16, 2016

“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.”

“Financing Firms Up for Newark’s First Apartment High-Rises in 40 Years”
The Wall Street Journal, September 15, 2016

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.

“Developer Carl Dranoff talks about himself”
Philadelphia Business Journal, July 12, 2016

“If you follow the pack you will always be behind the curve.”

“Dranoff Celebrates Topping-Off of One Riverside”
Philadelphia Magazine, May 26, 2016

"One floor of this tower in a park was turned into a park in a tower to mark the occasion."

“At Dranoff’s One Riverside, the final floor goes on”
The Philadelphia Inquirer, May 25, 2016

“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.”

“Community Garden! Dog Parks! Terraces!: The Most Outdoor-Friendly Residences in Philly”
Philadelphia Magazine, May 17, 2016

"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..."

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“The Sky’s the Limit by Stuart Michaelson”
Philly Biz, April 29, 2016

“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.”

“Commentary: Democracy and optimism transform Philadelphia”
The Philadelphia Inquirer, April 21, 2016

“Philadelphia has gained its rightful place as a national model of urban renewal, and the proof is all around us...”

“At Home in Philadelphia’s Center City by Bendix Anderson”
Urban Land Magazine, April 11, 2016

“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.”

“Camden’s Comeback by Mike Sheridan”
Urban Land Magazine, April 11, 2016

“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.”

“Left Bank Pays Off”
The Philadelphia Inquirer, January 24, 2016

“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...”

“Sales Booming at One Riverside”
Philadelphia Business Journal, January 15, 2016

“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...”

“Dranoff Gets into the Brokerage Business”
Philadelphia Business Journal, January 15, 2016

"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."

“A pair of hotels, but not in direct competition”
The Philadelphia Inquirer, January 4, 2016

"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..."

“Giving Up the Affluent Suburbs for City Living”
The New York Times, November 11, 2015

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“A riverside project from the underground up”
The Philadelphia Inquirer, August 6, 2015

“On the House: Change: Where it occurs, and where not”
The Philadelphia Inquirer, July 12, 2015

“Philippe Starck to Design Philly Hotel”
Philadelphia Magazine, March 13, 2015

“Carl Dranoff Talks Real Estate Trends & One Riverside”
Philadelphia Style Magazine, February 23, 2015

“Dranoff to Market, Sell Residences at Two Liberty Place”
The Philadelphia Inquirer, February 5, 2015

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“Condo Comeback?”
MFE, December 3, 2014

“He gave a Camden star new life”
The Philadelphia Inquirer, November 16, 2014

“Will the Royal be Royal Again?”
The Philadelphia Inquirer, September 14, 2014

“One Riverside Gets Roadshow Trolley Tour”
Philadelphia Magazine, September 9, 2014

“One Riverside’s Luxury Units Will be Condos, Not Rentals”
The Philadelphia Inquirer, September 4, 2014

“Wider Market”
The Philadelphia Inquirer, June 16, 2014

“Music history in South Broad hotel-condo project”
The Philadelphia Inquirer, March 14, 2014

“47-story hotel/condo building set for South Broad”
The Philadelphia Inquirer, December 18, 2013

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“Luxury Residences Revolutionize City Living”
Philadelphia Style Magazine, July 23, 2013

“Property Profiles: Developer Carl Dranoff”
Philadelphia Magazine, April 1, 2013

“A Q&A With Carl Dranoff of Dranoff Properties”
Philadelphia Business Journal, February 8, 2013

“Changing Skyline: Developer Shares His Liking for Biking”
The Philadelphia Inquirer, September 24, 2012

“Dranoff Team Rescues Troubled Luxury Condos”
The Philadelphia Inquirer, November 24, 2011

“LEED-ing Philly in Luxury Living”
Builder and Developer Magazine, October 15, 2011

“In Newark, Housing for Artists and Others”
The New York Times, May 14, 2010

“In Newark, Housing for Artists and Others”
The New York Times, May 14, 2010

“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.

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