2116 Chestnut Street

2116 Chestnut Street | Philadelphia P.A. 19107

2116 Chestnut Street

2116 Chestnut Street

LeaseUp of 1st Luxury Highrise in Rittenhouse Square in 10 years

The LeaseUp of 2116 Chestnut by The Philly Apartment Company was quite possibly the FASTEST LeaseUp in Philadelphia history.  In a competitive rental market, where renters have an abundance of options to choose from, this LeaseUp was accomplished 6+ months quicker than expectations.  All while obtaining very favorable rents and lease terms.  "We started working with our clients when this community was just a hole in the ground.  We were able to listen to their needs, offer suggestions on finishes, amenities, and most importantly come up with a detailed LeaseUp plan to get the job done" says Rich Lauletta, CMO of the The Philly Apartment Company.  "Our efforts were focused enough to spend our time doing the right things and getting the desired results"

SERVICES PROVIDED

  • 3 Full Time Leasing Staff
  • Complete Lead Generation Program
  • All Marketing & Advertising
  • Professional Photography & Signage 
  • Application & Lease Fulfillment
  • Corporate & Broker Outreach Program
  • Market Analysis Surveys

DETAILS

Total # of Units: 321 Units

Developer: The John Buck Company (/www.tjbc.com) 

Location:  2116 Chestnut Street Philadelphia P.A. 19107

Website:  www.2116chestnut.com

Project Manager:  Richard Lauletta 

Pricing: $1,536 to $3,686 per month

Time to Stabilization:  12 months


MARKETING & PRESS

Property Description: 2116 Chestnut is the first new residential rental high-rise built in this neighborhood in more than a decade. Taking advantage of the latest construction techniques, the building is more energy efficient and sustainable than its neighbors, as well as stylish, modern and cutting edge. Designed to provide as many residences as possible with stunning views of Philadelphia and Schuylkill River, residences will feature abundant sunlight from floor-to-ceiling windows. With more desirable amenities and conveniences, plus the latest finishes, 2116 Chestnut is the place to live in Philadelphia.