The last undeveloped parcel of land in Philadelphia’s historic Rittenhouse Square will soon be home to a luxury mixed use residential project called The Laurel, an homage to Pennsylvania’s state flower. Developed by Southern Land Company, the 49 story tower will stand nearly 600 feet tall.
The Laurel will offer 54 condominiums in addition to long and short term residences with separate lobbies and entrances. Full-floor penthouses will be also available. A 26th floor amenity deck will include an indoor pool, lounge, fitness area, and yoga studio. The development will also bring high-end retail to Rittenhouse Square and the Walnut Street shopping district.
The Laurel will also offer affordable housing. Several units will be set aside for lower income families.
The Harman Group is providing structural engineering services and tall building expertise for the project, which is being designed by Solomon Cordwell Buenz.
The project plans were recently approved by the Philadelphia Historical Commission’s Architectural Committee to move forward with development. Next steps are approval from the full commission, then the Civic Design Review in May, with groundbreaking slated for 2019.