A new condominim project planned for the
Cultural District will join downtown’s growing number of residential opportunities. Construction will start in early 2007 at 941 Penn Avenue, next to the
Courtyard Marriott and be completed in the fall.
The $8 million project will feature seventeen for-sale units ranging in size from 1,500 to 2,000 square feet. Four stories will be added to the stone, brick and glass structure’s existing five floors. Vacant for ten years, the building was once an electrical supply company’s warehouse.
“The location is amazing because it's truly an existing downtown neighborhood,” says Kathy Wallace with
Beynon & Company, who is marketing the condos. “It’s a somewhat rare opportunity--the first condo in that Penn corridor.”
Two- and three-bedroom units will feature 16-foot floor-to-ceiling windows, terraces and wine lockers. Developed by Jack Benhoff of Solara Group, Inc., the project is being designed by
Rob Indovina.
“This building is ripe for development," says Wallace who calls the condos an “elegant, boutique type project." Prices start at $225 per square foot for the customized units.
Writer: Jennifer Baron
Source: Kathy Wallace
Image courtesy of 941 Penn