Quote:
Originally Posted by Zoot
AMEN!! Thank you.
I'd like to add that while combining the two towers into one makes it more efficient and taller, it does risk devaluing the price per square foot of the condos. Snooty rittenhouse buyers do not want to live in/above a rental building. It hurts the "prestige" of their building.
And I am actually surprised that the building is so flat along Walnut Street. I was expecting an angled building that maximizes views of the Square. Instead any south facing unit that isn't at the SE corner will have a direct view of the Rittenhouse Hotel's blank party wall. Those residents will strain their necks to get a view of the "prize."
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That's probably why they have two separate entrances and two separate lobbies. If the lobbies, entrances and amenities were shared, I would agree. In this case, I do not. It's the same with SLS Interntional - condos built atop a hotel. Plus, being 500 feet in the air will have better views and fetch a higher price per square foot than being 200-300 foot in the air.
Lastly, the residents facing the Rittenhouse Hotel will be an non-issue at all. Certainly far enough away to preserve a view-line. Also, the condos are the top portion of the tower. The rentals are the lower half. You can see the divide between the rentals and condos in the rendering.
The breakdown is as such: Condo's are from floors 35 - 50. Apartments are from 05 - 33. 34th floor is amenities for the condo. By the 35th floor, you will have a clear site line over the Rittenhouse Hotel.