US: The second tower in National Real Estate Development’s East Market project in downtown Philadelphia will contain 60 extended stay units.
The aparthotel units, at 1199 Ludlow St, will be operated by ROOST, a local company that currently provides boutique extended stay units at locations in Midtown and Rittenhouse.
“East Market is a community tailored for how Philadelphians live today,” said Daniel Killinger, managing director at National Development. “With two residential towers, dynamic office space and exciting dining and retail partners coming together within this entire city block, East Market capitalises on the energy of Midtown Village and a resurgent Chestnut Street to create a neighbourhood that appeals to locals and travellers. We are creating a special sense of place within Center City and there is no brand that better aligns with this goal than ROOST.”
The 60 units at East Market will include studio, one- and two-bedroom apartments and penthouses designed for short-term leases. Each apartment will come furnished with contemporary upholstery, custom lighting, antiques and unique artwork, as well as modern appliances and a full-sized kitchen.
Amenities will include 24-hour concierge service, on-site housekeeping and maintenance, and an in-apartment artisanal coffee program with La Colombe.
“Our guests are often in a period of unique transition, so everything we do is designed to create the ideal environment that helps them feel comfortable and connected to the city,” said Randall Cook, CEO and co-founder of Method Co., which owns and manages ROOST. “We have been looking for a location east of Broad Street for the past few years to meet the demand from that side of town that we have not been able to serve from our other two locations. We’ve also been following the renaissance that is underway in Midtown Village for the past several years, and we felt that East Market was the perfect location for us to put ourselves right in the middle of everything.”
The 20-storey tower will also contain 240 residential apartments, a City Fitness gym, and commercial space. National Development aims to open the tower in summer 2018.</p
