Carl Dranoff is preparing for his next project on South Broad Street, an 84-unit boutique apartment building at Broad and Carpenter streets. The seven-story building is planned at the site of a former McDonald’s, which was demolished to make way for the mixed-use development. The site is just north of the 322-unit Lincoln Square apartment building and Sprouts Farmers Market that opened in 2018. It sits diagonally across the intersection from Post Brothers and Tower Investments’ One Thousand One luxury apartment building, which completed its first phase last year.
Source: Philadelphia Business Journal; 8/18/2025