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Location! Location! Location!
The three most important things to consider in real estate are Location, Location, Location.
The Dorchester is a vintage 1960s high-rise that is situated in the most desirable residential location on Rittenhouse Square - the Southwest corner. Opened in 1963, The Dorchester rises 32 stories above Rittenhouse Square and is 339 feet tall.1
The Dorchester - Details:
- Location - Most desirable location for a high rise residence on Rittenhouse Square (Southwest corner).
- Doorman - 24x7x365 doorman and concierge (during daytime & evening hours).
- Valet Parking Garage - 24x7x365 valet parking in private underground garage with secure access to building (additional fee required per car).
- Package Room - Package room available Mondays through Saturdays for receiving and sendingÊpackages, dry cleaning, etc.
- Condo Fees - Condo fees include all electric, heating, air conditioning, fitness center membership and basic Comcast digital cable.
- FHA Approved - The Dorchester Condominium has been approved by the Federal Housing Administration.
- Owner Occupied Majority Community - Fully functioning and stable building complex with approximately 75.0% of suites owner-occupied; 25.0% of suites individually owned as investment condos and serve as rental units; approximately 99.0% of all suites are either owner-occupied or leased to tenants.2
- Investment - Stable real estate investment since The Dorchester became a condominium.
- Condo Association - Historically healthy balance sheet for The Dorchester Owners' (Condo) Association.
- No Condo Assessments - No special condo assessments from The Dorchester Owners' Association in over 12 years since 1999 when Suite 1006 was initially purchased by owners.3
- Penthouse Pool - Penthouse outdoor pool on 32nd Floor with panoramic views of Rittenhouse Square, City skyline, Art Museum Area, University City, South Philadelphia (sports complexes), New Jersey, etc. (seasonal: free Monday-Thursdays; weekend membership fee required).
- Fitness Facility - Fitness center on-site with various cardio machines and weights (no membership fees for owners).
- Maintenance - Maintenance department on-site.
- Convenience Store - 7-11 (open 24 hours) located on ground floor of building (20th & Locust Streets).
- Healthy - Non-smoking building (as per The Dorchester Owners' Association, as of March 1, 2010).
- Taxi Stand - Dedicated 24x7x365 taxi stand at front of the building.
- Loading Zones - Convenient passenger loading zone area in front of building and truck loading zone area in back of building.
- Bicycle Room - Bicycle room with parking in secure underground garage ($15.00 annual fee per bike).
- Storage Lockers - Two secure self-storage lockers in sub-basement of building (Suite 1006-1007 comes with two storage lockers).
- Spa - Bella Medspa located in the building.