1701l Race StDelivered

A 23-story residential tower with 271 units has been delivered at 1701 Race Street in Rittenhouse, adding substantial density to a block that sits just north of the Logan Square core. The building includes ground-floor commercial space and residential floors spanning the second through twenty-third stories, with balconies and amenity areas distributed throughout. An amendment during construction combined several upper-floor units, adjusting the final count from the originally planned 273.

The site is zoned CMX4, which allowed the project to move forward by right without variance requests. Em Race Vine Ventures, LLC holds the ownership record for the property. Construction was cleared to begin in late 2020, and the tower now stands complete, bringing a significant multifamily presence to a stretch of Race Street that has historically leaned more institutional than residential.

The tower arrives amid a broader wave of apartment development in the immediate area—286 units have been added within a half-mile radius recently, including an 84-unit project at 1813 Ranstead Street, 81 units at 225 North 13th Street, and 121 units at 2012-14 Chestnut Street. This cluster of activity underscores renewed confidence in rental demand within easy walking distance of Center City's office and cultural anchors, even as hybrid work patterns continue to evolve.

With CMX4 zoning extending along much of the Race and Vine corridors, the success or struggles of 1701 Race will likely influence how developers eye remaining surface lots and low-rise commercial buildings in the vicinity. The by-right path and the scale achieved here set a template for future proposals, particularly as land assembly costs and construction timelines push teams toward sites that don't require prolonged zoning negotiations.