About Allan Domb Real Estate
Having been a key contributor to the Center City luxury condominium market since
1980, Allan Domb and Allan Domb Real Estate are known throughout the United States
as being synonymous with Center City luxury condominiums. ADRE continues to
be a dominant player in the Center City luxury condominium sales in buildings such as Academy House, The Barclay, Center City One, The Dorchester, Hopkinson House,
Independence Place, Pier 3, Pier 5, The Philadelphian, Society Hill Towers and
Wanamaker House.
Since 1999, ADRE has also been engaged in new Center City luxury condominium
development. ADRE purchased the majority interest in The Barclay Hotel on
Rittenhouse Square in June of 1999 and developed 252,000 square feet into 110 luxury
residential condominiums. ADRE also purchased the WB Saunders Building in 2000, an
office building located on Washington Square in the Society Hill area, and converted it
into single floor condominium homes now called 220 West Washington Square.
In 2003, ADRE purchased and started the development of The Lanesborough, located
at 16th & Locust Streets, two blocks from Rittenhouse Square. He converted the
property into 18 luxury 3,500 square foot single floor condominium homes which ranged
in price from $2.5 million to $5 million. Today, ADRE along with Frankel Enterprises is
converting the top eight floors, consisting of 118,000 square feet, at The Warwick Hotel,
located at 17th & Locust Streets, just one block from Rittenhouse Square, into 110
condominium homes. In addition to The Lanesborough and The Warwick, ADRE is also
involved, along with Lubert Adler and David Marshall, in the redevelopment of the
former Sheraton Hotel and Rittenhouse Regency, with over 400,000 square feet located
on Rittenhouse Square. This property is being converted into a luxury condominium
with 270 condominium homes called Parc Rittenhouse. Parc Rittenhouse will have the
Parc Rittenhouse Club on the 7th floor which consists of an outdoor pool, spa,
landscaped garden and fountains, indoor media room, resident lounge, fitness center
and a new ground floor Stephen Starr French bistro called Parc.
While new development has been a great addition to Allan Domb Real Estate, the
backbone of their business continues to be the resales of existing condominiums in
Center City.
