10 Rittenhouse Square

Project Data:
Project Completion -2010 & 2014
Project Est. Cost - $200,000,000

Client Contact:
Arc Properties - Gary Baumann 
DVREIT - Mike Flynn
Dranoff Properties - Carl Dranoff
Istar Financial - Jeff Dewey ​

Owner Representatives
10 Rittenhouse Square     
130 S. 18th Street
(18th and Walnut Street)
Philadelphia, PA

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.