1600 Arch St. Philadelphia, PA 19103
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2 Cents Treat yourself to unrivaled luxury in The Phoenix condominiums. High ceilings, beautiful millwork, & expansive windows. Flooring includes hardwood, pristine porcelain, & designer Berber carpets. Elegant bathrooms feature large vanities with granite counters. We like this Philadelphia condo conversion building! Each condo houses a washer & dryer and individually controlled heating & A/C. Building features include a spa, restaurant, & coffee shop. Other amenities include 24-hour concierge/doorman, Fitness center, rooftop terrace, private conference room, dining facilities, private storage rooms, & onsite parking. There is also direct access to SUBURBAN STATION.
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Quick Sales Stats:
2022: 19 sales, Top price $715,000
2021: 20 sales, Top price $2,100,000
2020: 13 sales, Top price $610,000
2019: 9 sales, Top price $610,000
2018: 15 sales, Top price $1,487,500
2017: 16 sales, Top price $690,000
2016: 16 sales, Top price $880,000
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Having sold over a dozen units in the building, I can say for certain that I am a fan of the Phoenix Condos. And here is the inside skinny as I know it: Built in 1925, The Phoenix, which initially housed The Insurance Company of North America’s headquarters, is a national historic landmark. The limestone, granite and brick façade, Corinthian columns, carved eagles perched on globes, and limestone crowns, indicate precisely that. The bronze entryways, elaborate architectural inscriptions, marble walls and floors, coffered ceilings, bronze elevator doors, and intricate mill and plaster still exist today. Converted to apartments around 2002. Then around 2006, the usage was altered to be 267 condominiums. The building has a great mix of studios, one, two, and three-bedroom condos- though the three-bed units are rare, as are the handful of studio units in the building. What the Phoenix has a lot of is the one bed plus den styled units around 1100 sq ft (the den is a bedroom, but doesn’t have any direct sunlight or windows -the size of the den is similar to the bedroom, however). I think it is safe to say that values in the building are reasonably contingent upon which direction you face. There is no western exposure as that side of 1600 Arch St. abuts the neighboring building. South-facing units generally have limited views. The prized views are east and north, and resale prices are reflective of such. The building has valet parking- condo owners could either purchase a rental license or rent a parking spot if they so choose. The condos at the Phoenix provide direct access to the train station (you don’t have to walk outside to catch a train to, say, N.Y.C.). The front desk staff is amiable and has never given me any crap....and I can see that the residents of the building like them as well. There is a Starbucks and a restaurant down the first-floor corridor, which is helpful for owners and residents.
The building kinda’ sits close to Jefferson Medical, U of Penn, as well as Hannemann, and draws in buyers ranging from students to fellows...almost like a “built-in resale market” ...which doesn’t hurt. The Phoenix at 1600 Arch has the best and largest common roof decks of any condo building in Philadelphia and has lounge areas and a B.B.Q. Station. There is also a good-sized gym and a kitchen and conference rooms available for residents to reserve for special events. The common areas are done nicely and retain a fair amount of their pre-war grandeur, but the interior units don’t reflect such. The top floor condos at the Phoenix are unique in the fact that they preserved some of the original detail of the building and incorporated such detail into the condo units. The condominiums are pet friendly with restrictions. I am unaware of any rental restrictions for owners.
My clients should feel free to email me if they would like to chat with someone who lives in the building to get their two cents on the Phoenix condos at 1600 Arch St.