Philadelphia's Signature Street

  • Area Highlights
    • Truly in the center of the city
    • Pennsylvania Academy of fine Arts
    • Academy of Music
    • Merriam Theater
    • Prince Music Theater
    • "Steakhouse" district
    • Walk to business district
    • Kimmel Center for the Performing Arts
    • Wilma Theater
    • Philadelphia Clef Club-Jazz and Performing Arts
    • The University of Arts Freedom Theater
    • Walk to 13th St. Restaurant Row
  • Description

    The Avenue of the Arts really took shape in the early 1990s as arts, entertainment and business groups came together to rename a section of Broad Street, the city’s main North-South artery, and promote the area as an arts corridor. Its territory includes Broad St. and one block east and west, north to Glenwood Ave. and south to Washington Ave. The Avenue of the Arts corridor had some notable existing theaters and arts-related organizations, including the historic Academy of Music building — the long-time home of the Philadelphia Orchestra, Pennsylvania Ballet and Opera Philadelphia until the larger Kimmel Center for the Performing Arts was completed a block south in 2001 — Philadelphia International Records headquarters, where The Sound of Philadelphia was made with Kenneth Gamble and Leon Huff at the helm (see note below), the nationally renowned Freedom Theatre and even the world-famous Wanamaker Grand Court Organ, the largest operational pipe organ in the world that has been a fixture of the John Wanamaker (now Macy’s) department store since 1911.

    More recent additions to the corridor’s lineup include the Wilma Theater, the Philadelphia Clef Club, a vastly expanded Pennsylvania Convention Center, various visual-arts centers offering classes and exhibit space and many restaurants and hotels.

    Avenue of the Arts Real Estate

    Because of the corridor’s growth, many units of residential housing have been added in the past 10 years, notably The Residences at the Ritz-Carlton at the northern end, Symphony House, the Ellington, 777 South Broad and the Arts Tower. Keep an eye out for the still-under-construction SLS LUX Philadelphia Hotel and SLS International Residences, which at 47 stories will be the tallest residential building in Pennsylvania. This building is going up where Philadelphia International Records was located.

    The selection of Avenue of the Arts residential housing is dominated by mid- and high-rise condominium buildings. Prices range from mid-market ($400s) to luxury level ($1M+) depending on the building’s amenities and proximity to the center of town. For those who want a neighborhood where they can step out the door and experience the energy of the city, the Avenue of the Arts is an ideal choice.

Location

Avenue of the Arts, Philadelphia
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Avenue of the Arts

Listings Available

1323 Lombard St
1/20
$825,000
1323 Lombard St
Philadelphia, PA 19147
3 bed | 2 bath | 1,792 sq
Exclusive
Residences at Ritz-Carlton
1/20
$625,000
Residences at Ritz-Carlton
Philadelphia, PA 19102
1 bed | 1/1 bath | 949 sq
Exclusive
$14,000,000
1414 S Penn Sq #PHII
Philadelphia, PA 19102
9,515 sq
Courtesy of AGC Realty
$3,690,000
440 S Broad St #2008
Philadelphia, PA 19146
3 bed | 3/1 bath | 5,100 sq
Courtesy of BHHS Fox & Roach-CC RH Hotel
$2,876,000
1414 S Penn Sq #32C
Philadelphia, PA 19102
3 bed | 4/1 bath | 3,090 sq
Courtesy of CB Preferred-Center City
$2,150,000
1414 S Penn Sq #32B
Philadelphia, PA 19102
3 bed | 3/1 bath | 2,078 sq
Courtesy of AGC Realty

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Avenue of the Arts

Statistics

Price range:
  • Average Days on Market Residential

    80 October 2017
    -49.0 % since
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    -49.0 % since October 2016
  • Average Price per SqFt Residential

    $390 October 2017
    -24.4 % since
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    -24.4 % since October 2016
  • Total Monthly Inventory October 2017

    109
    Total Units
    +113.7 % since
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    +113.7 % since October 2016
  • New Listings Residential

    18 October 2017
    +80.0 % since
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    +80.0 % since October 2016
  • Percent of Asking Price Residential

    94 % October 2017
    -1.1 % since
    -1.1 % since October 2016
Avenue of the Arts

Buildings

1352 Lofts on South Street
1352 Lofts on South Street
Avenue of the Arts
Price Range $300K - $950K
Academy House
Academy House
Avenue of the Arts
Price Range $225K - $750K
Aria Condominiums
Aria Condominiums
Avenue of the Arts
Price Range $300K-$2Mil

Local Information

Local Information

Understand the educational environment and opportunities around this area before moving in.
World Communications Cs
Type: Charter
Level: 6-12
Independence CS
Type: Charter
Level: K-8
Crossroads Academy
Type: Private
Level: N/a
Student Ed Center & Delaware Valley High School Cc
Type: Private
Level: 9-12
New Visions Learning Center
Type: Private
Level: PK-3
Philadelphia Electrical & Tech Charter High School
Type: Charter
Level: 9-12
Universal Institute Cs
Type: Charter
Level: K-9
Creative And Performing Arts
Type: Public
Level: 9-12
Kids World Christian Education Center
Type: Private
Level: PK-5
Breath of Life Christian Academy
Type: Private
Level: K, 3-12

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