Pros:
1) Excellent location: 25 min walk to Huntsman, 5 min walk to Pub and 2401 Walnut, 5 min walk to Trader Joe's, 1 block from bus stop towards campus.
2) Friendly door(wo)men
3) Extremely clean and new facilities
4) High density of Penn (esp Wharton) students
5) Free printing
6) There is an spare apartment in the building you can rent (like a hotel) for when relatives/friends visit
7) Optional reserved paid bike and car parking
8) Pet friendly

Cons:
1) Expensive (double what you would pay in a brownstone)
2) Window blinds don't do much; expect to be woken up at sunrise.
3) Have to always keep the blinds down for privacy; you can see everything from the streets esp on the lower floors
4) Poor kitchen ventilation/range hood and nonexistent shower ventilation

Great modern apartment in ideal location. On the expensive side.

2116 Chestnut is a brand new luxury high rise with amazing amenities (gym, conference rooms, party rooms, etc.). It's very convenient to 2401, pub, Trader Joe's, the trolley/subway, and the bus to campus. There are a ton of Wharton students in the building, too. It's a little pricey, but you get what you pay for.

This place really cares about tenants having a good experience. Management is super responsive and goes above and beyond to provide perks (happy hours with local stores/bars, hand delivering packages during the holiday season, etc.). The amenities are perfect for Wharton life-- printing, study rooms, social rooms to host people. Since it's new, everything is running, clean, and modern. What would make 2116 even better is if it was on Walnut (Chestnut feels more sketch at night; but nothing terrible), and if rent was a bit cheaper...

The building, location, and amenities are great at 2116. The floor to ceiling windows are very nice, but I don't think the value is great here; the cabinetry, carpet, and other fixtures in the room are pretty cheap for how much you pay. That being said, I would still live here again, and recommend it to others, but I'd recommend looking at 2040 market (which is cheaper), or another building with floor to ceiling windows first. If there is no vacancy at those places, then 2116 will work.

New and easy to meet a lot of Wharton people

Brand new building! Nicest building that I have lived in. Full in unit laundry in every unity, all floor to ceiling windows, marble counters, state of the art gym, business center with 3 conference rooms and FREE color printing (very valuable), huge outdoor deck with 2 large stainless steel grills, outdoor hot tub, large social room with huge TV, movie room, etc. Door men/women are extremely friendly. Building manager can be annoying about different small things in the building (ie reserving elevators for moving in, reserving common spaces, etc.). All Wharton students have had some kind of run in with her over something or another, but on the whole, she has stayed out of my hair and building maintenance is extremely responsive and very friendly to any requests. Building at this point is still not completely occupied. The majority of residents I feel is still Wharton students, creating a fun community around the building. In general, very nice building with close proximity to PUB, 2116, and everything else downtown.

Overall my apartment is a bit small for a 1-bedroom, but liveable. The downside is the building manager - really annoying. Amenities are brand new. Rent does not include anything, so have to pay cable, internet, electricity etc.

Carpet flooring bothers me but at least it's new. Garbage chute is out of order quite frequently but management is good at following up.

Brand new building, generally very nice apartments. Floor to ceiling windows so all rooms get a lot of light. Fittings (bathroom and kitchen) are generally pretty good and management is very responsive to fixing things (nothing major to date). Some issues with use of common space, but getting resolved. Apartments have all carpets (and they're cream!) so it does get messy. Appliances are all new and generally function well (the dryers aren't great though). Has a ton of Wharton students (50+) so is a very good place to live socially and has 24 hour doorman and garage.