Tower Place opened its doors two weeks ago with a ribbon cutting ceremony that included the legendary Bart Blatstein himself, Alan Greenberger and many other city officials. The former mid-century state office building is officially a converted residential tower. This marks another step forward in the transition of North Broad Street into a livable, culturally and economically diverse district.
The $70 million conversion now offers 17 floors containing 204 one and two bedroom units. Offering a 6-12 month lease and roughly $2 per square foot, the building offers a free bike share program, 24-hour concierge, continental breakfast, Wi-Fi hot spots, 24 hour maintenance, fitness center, game room and many more amenities.
In five years, Tower Investments plans to join the apartment building with a newly constructed 20-story mixed use building with 2 levels of retail, 18 stories of apartments with 215 rentable units all costing $110 million.