The Residences at The Ritz-Carlton (Philadelphia)
| The Residences at The Ritz-Carlton | |
|---|---|
The Residences at The Ritz-Carlton in 2009.
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| General information | |
| Status | Complete |
| Type | Residential |
| Location | 1414 South Penn Square, Philadelphia, Pennsylvania, United States |
| Coordinates | 39°57′5″N 75°9′53″W / 39.95139°N 75.16472°WCoordinates: 39°57′5″N 75°9′53″W / 39.95139°N 75.16472°W |
| Construction started | 2006 |
| Opening | 2009 |
| Cost | US$285 million |
| Owner | AGC Partners, LC and Gencom Group |
| Height | |
| Roof | 518 feet (158 m) |
| Technical details | |
| Floor count | 48 |
| Design and construction | |
| Architect | Handel Architects |
| Developer | Arden Group |
| Main contractor | L. F. Driscoll Company |
The Residences at The Ritz-Carlton is a luxury residential skyscraper in Center City in Philadelphia, Pennsylvania. At 518 feet (158 m), the 48-story skyscraper is the twelfth-tallest building in Philadelphia, and the tallest residential tower in the city. The building was erected on the former site of One Meridian Plaza which was seriously damaged by a deadly fire in 1991. One Meridian Plaza was demolished in 1999 and the property was sold by E/R Partners to the Arden Group the next year. Development of the site by the Arden Group, which owns the adjacent Ritz-Carlton Philadelphia, was delayed for years as a result of a feud with rival developer Mariner Commercial Properties. Mariner owned the property 1441 Chestnut Street, which sits south of the Residences at The Ritz-Carlton site and intends to build its own residential tower. The feud began after Arden Group's lead partner Craig Spencer blocked approval of 1441 Chestnut Street because he felt the tower's design would be detrimental to the planned Residences at The Ritz-Carlton tower. This led to several years of dispute between the developers trying to block construction of each other's towers.
After several redesigns, the feud was declared over, and construction on the Residences at The Ritz-Carlton began on May 2, 2006. The blue glass skyscraper opened to residents in January 2009. The Residences at The Ritz-Carlton features 270 condominiums and penthouses, which range in price from US$550,000 to US$12 million. The high-rise also features an underground parking garage, a fitness center, a pool, and a private garden and public plaza called Girard Park.
The Residences at the Ritz-Carlton stands on the former site of the 38-story One Meridian Plaza. In February 1991 One Meridian Plaza was badly damaged by a fire that destroyed eight floors and killed three firefighters. Because of litigation over what to do with the burned skyscraper, it sat vacant for eight years until it was demolished in 1999.
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