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Urban Converts Lewis Tower to Aria Condo

PHILADELPHIA-The 33-story former office tower at the corner of 15th and Locust streets will contain 114 residential.

By Marita Thomas | Updated on July 17, 2006

(To read more on the multifamily market, click here.)

PHILADELPHIA-New York City-based Urban Residential has begun conversion of the 33-story office building at the corner of 15th and Locust streets into the Aria condominiums. Christopher Martorella, Urban’s CEO, tells GlobeSt.com the all-in cost is $60 million.

The building, previously known as Lewis Tower, was completed in 1929, and Urban acquired it in April 2004 for an undisclosed price. In September 2005, during conversion, a large chunk of the facade fell onto the adjacent property, a Bookbinder’s restaurant that was being converted into an Applebee’s. No one was injured, and, despite the glitch, Aria is back on track. “We’re proud to be restoring this Beaux Arts gem to its historic glory,” Martorella says.

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