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December 29, 2003 For More Information:
Joy Lutes 877.846.7760
The St. James Announces the Opening of Leasing Office
Rental residences in the sky boast first-class elegance

The St. James Announces the Opening of Leasing Office
PHILADELPHIA, Pa. — The St. James, Philadelphia's highly anticipated apartment high-rise located on historic Washington Square, is proud to announce the opening of its leasing office. The St. James has experienced tremendous leasing success, with more than 25 reservations secured for the rental residences in just two weeks. The first residential project to be built in more than a generation, this building will set a new standard of sophistication.

The most significant contribution to the Philadelphia skyline in years, The St. James will transform the entire block of West Washington Square and 8th Street while preserving its architectural integrity. The multi-faceted project will encompass the landmark Philadelphia Savings Fund Society (PSFS) bank building - a legacy of European modernism - in addition to three 1700s Yorktown townhouses. The St. James will preserve the original facades, which will be completely restored and used to house an upscale restaurant and retail space.

Conveniently located adjacent to Society Hill and minutes away from Philadelphia's finest eateries, boutiques, art galleries, cultural venues and the financial district, The St. James' residents can access the very best of the city. Honored as such, the project has been selected as the winning property for Delta Associates' Apartment and Condominium Industry 2003 Award for Excellence in the category of Best New Location for a Philadelphia Area Apartment Community.

Developed by St. James Associates Joint Venture, The St. James has the most exhilarating views of river, park and skyline vistas that Philadelphia offers. To maximize the cityscapes, units feature generous balconies. At 45 stories high, The St. James is comprised of 306 studio, one, two and three bedroom residences, ranging from 640 to 2,100 square feet. Additionally, there are seven highly coveted penthouse residences, ranging from 2,200 to 2,900 square feet with private set-back terraces, that already have extensive waiting lists.

The St. James' array of amenities includes a 24-hour concierge, full-time doorman and hotel-style valet service, plus private driveway for resident pick-up and drop-off, as well as on-site, residents-only assigned parking. Health enthusiasts will appreciate the building's 60-foot indoor pool, state-of-the-art fitness center and indoor/outdoor deck for sunning and relaxing. A garden courtyard on the ground floor also offers a tranquil respite. Unit amenities include solid maple and granite-appointed gourmet kitchens; oversized modern baths; and technologically advanced communications systems.

The St. James is located at 200 West Washington Square and will be open for occupancy in spring 2004. For press tours of the model residences or additional information or renderings, please contact Coco Mateu or Tara Solomon at 305.864.3434, ext. 28, or coco@taraink.com or tara@taraink.com.