Allan Domb’s new Rittenhouse property is a rental — but you still have to be willing to commit. The shortest lease is two years.
With just 19 units, the Alison, a remodeled building at 1805 Walnut Street, above Barnes & Noble, focuses on quality over quantity. Domb says it’s worth the investment for his real estate company.
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“It’s a boutique property of 19 homes and the level of quality that went into each home is really very specialized,” says Domb. “Each home is a custom home, which you typically don’t find in rentals.”
There are only four units per floor, emphasizing privacy. The cost of the floors, kitchens, and bathrooms were approximately $100,000 per unit, Domb says — “no one spends that.”
Joanne Hudson designed the interiors, which include marble walls in the balls, very modern kitchens matte lacquer cabinets and quartz counters, and hardwood floors throughout. The overall look is clean and simple.
“It’s not a building that will have one-year leases and people moving constantly,” says Domb. “[The units] are for people who really want a home to live in for years. It’s the nicest quality residential housing in the city right now.”
The studios and one- and two-bedroom units at the Alison range from 515 all the way up to 5,900 square feet. The currently listed one- and two-bedrooms on the building’s website rent anywhere from $5,250 to $8,000.
Views are of Rittenhouse Square, the courtyard at 10 Rittenhouse, or 18th Street.
Location, location, location
You can’t get more central than 18th and Walnut, plus there’s the prestige of a Rittenhouse Square address.
Here’s are a few of the best spots within a block or two:
• Pick me up: Joe’s Coffee, Elixr Coffee and La Colombe
• Eat: Parc, a. Kitchen, and Vernick
• Nighttime: Franklin Mortgage & Investment Company, Tria Taproom and Ranstead Room