Olympic Tower

Olympic Tower Apartments is a newly constructed 150-unit residential apartment building in the Walnut Hill section of University City in Philadelphia. This “Class-A”, eight-story building just completed construction and is in “lease-up” with approximately 45% of the units leased. Ownership purchased the property ±10 years ago and meticulously planned and constructed Olympic Tower Apartments with imported materials and a keen eye for detail.

The new luxury residential units boast individual HVAC units, ceiling fans, double-glass/soundproof windows, quartz countertops, fully-equipped kitchens with stainless steel appliances, in-unit washer and dryer (shared laundry facilities also available on each floor), and private balconies (select units).

The building boasts a welcoming lobby, ground-floor parking (41 spots), controlled access to the building as well as each unit, and two elevators. There is 18,000± square feet of amenity space on the top floor featuring a fitness center, a large rooftop deck with two hot tubs, and 360-degree views of the skyline. Additionally, Olympic Tower has a number of green features including LED lighting throughout the property, an ERU ventilation system, heat pump VTAC units, a continuous insulation envelope, NEST programable thermostats, ventless dryers, and Energy Star appliances.

There is ±1,500 square feet of space in the northwest corner of the building that would be ideal for commercial space, thus adding to the amenities offered to tenants as well as increasing a new owner’s NOI.

Olympic Tower Apartments offers a strategic location on the corner of 49th and Spruce Streets. The popular Walnut Hill neighborhood of University City is well served with world-class medical facilities and universities. This area features:

• $3.5B New, Recently Completed, or Planned Real Estate Projects
• 85K+ Jobs
• 5M SF of Office Spaces; Over 90% Occupancy Rates
• 3x Median Home Values Over the Past Decade
• $1.85B R&D Expenditures Among Institutions of Higher Education
• 44% National Institutes of Health Investments in Entire State