115 Arch Street
115 Arch Street is comprised of two historically designated industrial buildings in the heart of iconic Old City Philadelphia. Astoban Investments acquired the pair of abandoned buildings in 2016 and began its thoughtful restoration process to convert the spaces into residential lofts. Designed by Urban Space Development, the project will include six thoughtfully re-imagined residences with apartments ranging from two to five-bedroom.
The residences at 115 Arch Street bear the trademark dedication to best-in-class luxury fixtures and finishes, such as Wolf ranges, microwaves and coffee systems, Sub-Zero refrigeration and wine storage, and Asko dishwashers. Outfitted with some of the finest designs by esteemed Italian manufacturers, the custom-designed Italian kitchens are furnished by Record Cucina, complementing Italian Berlotto doors throughout, and Pianca closet systems in the master bedrooms.
The property is undergoing a meticulous development process aimed at retaining its historical roots, large arched windows, high ceilings, and hand selected artisanal finishes. 115 Arch Street will be equipped with a virtual intercom system and keyless entry doorway, on-site indoor parking and storage room access. Nearly all the units will have private outdoor space and a 10-year tax abatement. Intended completion in Q4 of 2020.