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Since 1999, ADRE has also been engaged in new Center City luxury condominium development. ADRE purchased the majority interest in The Barclay Hotel on Rittenhouse Square in June of 1999 and developed 252,000 square feet into 110 luxury residential condominiums. ADRE also purchased the WB Saunders Building in 2000, an office building located on Washington Square in the Society Hill area, and converted it into single floor condominium homes now called 220 West Washington Square. In 2003, ADRE purchased and started the development of The Lanesborough, located at 16th & Locust Streets, two blocks from Rittenhouse Square. He converted the property into 18 luxury 3,500 square foot single floor condominium homes which ranged in price from 2.5 million to 5 million. Today, ADRE along with Frankel Enterprises is converting the top eight floors, consisting of 118,000 square feet, at The Warwick Hotel, located at 17th & Locust Streets, just one block from Rittenhouse Square, into 110 condominium homes. In addition to The Lanesborough and The Warwick, ADRE is also involved, along with Lubert Adler and David Marshall, in the redevelopment of the former Sheraton Hotel and Rittenhouse Regency, with over 400,000 square feet located on Rittenhouse Square. This property is being converted into a luxury condominium with 270 condominium homes called Parc Rittenhouse. Parc Rittenhouse will have the Parc Rittenhouse Club on the 7th floor which consists of an outdoor pool, spa, landscaped garden and fountains, indoor media room, resident lounge, fitness center and a new ground floor Stephen Starr French bistro called Parc.

 

Address: 1845 Walnut Street, Suite 2200 Philadelphia, PA 19103
Telephone: 215-545-1500
Website: http://www.allandomb.com/