A couple of months back, we told you of plans for three contemporary mansions at 240 Arch St., right across the street from the Betsy Ross House. Passing by recently, we discovered that foundations have been poured for these homes.
A reader gave us a heads up that the project now has a name and a website. That website has both details about the homes and pretty renderings of the homes. The project has been dubbed The Ross Luxury Townhomes. As you might expect, these new homes are gonna be mighty fancy.
According to the website, the homes will each have over 4,000 sqft of living space, two-car parking (in garages, yay!), huge bedrooms, smart home technology, and wine cellars. Most interesting are the roof decks, which will each have kitchens and hot tubs. Certainly not amenities that Ms. Ross enjoyed in her day.
These new homes join a couple of other luxury residential developments under construction in the neighborhood. Just the other day, we told you about the 7 inSpire homes on the 100 block of Church Street. And though construction seems to have temporarily halted, let's not forget about the four homes coming to the 100 block of Walnut Street. Those are the ones with the courtyard in the master bedroom with the view of a tree.
Are people lining up to purchase these homes, or are these developers pricing themselves out of the market? We should have some better answers in the coming months. If people are indeed gobbling up homes like those described above, we could be in for a new wave of new ultra-luxury homes in and around Center City. And it's certainly a trend that bears watching.