In 1995, Arden Theatre Company purchased a former post office building in Philadelphia's historic Old City neighborhood. The building has been renovated to contain a 360-seat main stage theatre (F. Otto Haas Stage); the 175-seat studio theatre (Arcadia Stage); the Independence Foundation Studio; a bi-level lobby with box office, elevator, and restrooms; rehearsal and classroom space; and administrative and production offices. The company claims that its move played a significant role in the economic revitalization of the area and during his term as Mayor Ed Rendell said of its impact; "When I think of nonprofit organizations that are having a major economic impact on their neighborhoods, none comes to mind sooner than the Arden."