About
About

The KORMAN name is synonymous with integrity, trust, and achievement. Experience matters in residential real estate investment, management, and brand creation. Korman Communities, now in its 5^th generation, excels in all three areas, clearly showing that Korman knowledge and experience is the foundation for innovation.

Learn more
- News
- History
Historic New Residences: Opening Fall 2025

AVE Navy Yard Groundbreaking Philadelphia’s Newest Neighborhood Learn more
Investors
Investors

Korman Communities is unique as a residential real estate investor having expertise in three different areas: ownership, property management, and innovative brand creation. A synergy occurs leading to better outcomes in all areas. This integrative approach leads to optimized property value, enhanced decision-making, risk mitigation, responsive management, long-term sustainability, scalability and growth in our investments.

Learn more
Partnerships and Growth

Korman and RXR - Innovating and Investing in Properties Across the Nation Learn more
AVE
AVE

AVE operates like no other multi-family residential brand in the world by offering best-in-class apartments rented long-term, and luxury furnished apartments, fully accessorized and serviced, leased by the month or longer. AVE properties are optimized to enhance immediate returns and long-term value creation.

Learn more
Awards and Recognition

AVE by Korman Communities Receives 2024 Kingsley Excellence Award Learn more
AKA
AKA

AKA balances the space and comfort of a fully appointed luxury condominium with the style and hospitality of an intimate boutique hotel. AKA offers sophisticated hotel accommodations and spacious furnished residences with exceptional business, wellness, and lifestyle amenities in iconic neighborhoods. Whether guests are staying several days, weeks, or longer, AKA Hotels+Hotel Residences offer the perfect accommodations.

Learn more
Awards

Hotel AKA Alexandria Reception

Hotel AKA Alexandria - 2023 Best of Year Winner for Domestic Hotel Transformation Learn more
Portfolio
Portfolio

AVE is a national best-in-class brand with properties ranging from Silicon Valley in Santa Clara, California, to the Live Music Capital of the World in Austin, Texas, to Riverwalk in Tampa, Florida, and the historic Navy Yard in Philadelphia.
AKA is recognized around the world for its superb, luxury furnished, serviced condominiums. There is no other brand that compares with AKA for its sophisticated design, high-quality service, exceptional business, wellness, and lifestyle amenities.

Learn more
- AKA
- AVE
AVE Enters Silicon Valley

Introducing AVE Santa Clara – AVE’s first location in the South Bay Learn more
Contact

Home
Portfolio
AVE
AVE The Franklin Residences

AVE The Franklin Residences

834 Chestnut St
Philadelphia, PA 19107

The Franklin Residences is a one-of-a-kind, iconic high-rise in Center City acquired by Korman Communities in 2011. The 16-story, historic building boasts 412 junior, one- and two-bedroom, and duplex penthouse apartments, 135,000 square feet of retail, commercial/office space, underground parking, and unparalleled residential amenities including a brand new business lounge, state-of-the-art fitness center, and outdoor balcony. All within footsteps of Philadelphia’s finest dining, shopping, culture, universities, hospitals, and entertainment.

Visit website