Project Completion -2010 & 2014
Project Est. Cost - $200,000,000
Arc Properties - Gary Baumann
DVREIT - Mike Flynn
Dranoff Properties - Carl Dranoff
Istar Financial - Jeff Dewey
10 Rittenhouse Square
130 S. 18th Street
(18th and Walnut Street)
C.B. Development was the Owner’s Representative and managed the design, construction and value engineering for this high profile mixed use project on the prominent corner of Historic Rittenhouse Square. The uses include luxury condominiums, ancillary spaces (pool, exercise, parking, etc.) retail space (Barney’s COOP) and restaurant (Serafina).
CBD had been involved with this unique and difficult project since 2006, starting in the late stages of design and prior to the start of construction. CBD worked to finalize the construction contract and negotiations of the construction managers GMP, through the tower construction. Our involvement has remained continuous through various Ownership interest changes.
CBD administered the base building construction working with a combination of the original developer, the mezzanine lender and a Court appointed receiver and the primary lender (and current Owner) over the course of the development of the project. In addition to managing the construction, CBD continued to play a key roles in the marketing and sales efforts and is also served as Owner Representatives for the residential finish construction for several key condominium penthouse buyers.
The following narratives and photographs summarize the related project experience of C.B. Development Services, Inc. The summaries include a brief description of the services provided by CBD, a scope overview, cost and schedule information and owner/reference contacts.
The projects highlighted represent projects that the CBD key personnel have planned and managed. Additional project experience information can be sent upon request.