SPACE EXCLUSIVE
RITZY BUSINESS FOR CRAIG A. SPENCER, THE SKY’S THE LIMIT AT THE RARIFIED PENTHOUSES INSIDE HIS RESIDENCES AT THE RITZ-CARLTON, PHILADELPHIA.
The Residences at The Ritz-Carlton, Philadelphia shows guests just a few of the endless design possibilities for its two penthouses with this 3,000-squarefoot smart-home residence. inset: Craig A. Spencer.
158 PHILLYSTYLEMAG.COM
It’s too bad that William Penn has his gaze permanently fixed towards Northeast Philadelphia from his perch atop City Hall. It’s with good reason—Penn looks out over Fishtown’s Penn Treaty Park, where he signed a peace treaty with the local Leni Lenape Indians—but if he were able to make a quick turn to the right he would be staring at the trio of penthouses at The
Residences at The Ritz-Carlton, Philadelphia. “There’s multiple outdoor decks, very high ceilings, and dramatic views to the north, east, west, and even some to the south,” says Craig A. Spencer, chairman and CEO of The Arden Group. Factor in the entirely open shell—the 46th and 47th floors are all raw space—and you’re looking at one of the most unique residential real
estate opportunities in the city. On a tour of the 47th floor, you walk in seeing a concrete shell and leave imagining outdoor cocktail parties within what feels like arm’s reach of City Hall or waking up to a baby-blue Center City skyline. Gary W. Greenip, vice president of sales and marketing at The Residences, likens the penthouses to world-class works of art. “The residences from the 45th floor
down we consider our Picassos, which are movein ready with their exceptional fits and finishes. However, our three penthouses we consider to be a blank canvas where the future owner will create their own Picasso.” Adds Spencer, “Ten thousand square feet of raw space in a luxury tower just doesn’t exist in Philly.” But Spencer has been making the impossible seem very possible since
PHOTOGRAPHY BY NELL HOVING (ROOM)
BY KRISTIN DETTERLINE