Carl Dranoff's newest riverfront development, One Riverside, celebrated its groundbreaking late last week. First move-ins to the 22-story building are currently targeted for early 2017. The project has as lead designer the omni-present Cecil Baker, and per the press release, is "the culmination of a three-decade investment by Carl Dranoff, President and CEO of Dranoff Properties."
"In 1986, the tip of Locust Street at 25th Street was an abandoned manufacturing district along the Schuylkill River, but with its location and views it craved to be something better," said Mr. Dranoff. "My first project, Locust Point, transformed an aged industrial warehouse into luxury rental apartments. Its opening...was met with incredible enthusiasm and was a catalyst to reposition the Schuylkill River as the river whose time had come. I have continued my development activities here with Locust on the Park and now One Riverside...With the addition of FMC Tower and other private development, this is now a waterfront that ranks right up there with the Chicago River, San Francisco's Embarcadero and New York City's High Line."
One Riverside will house 82 condos: one to five bedroom floor plans, all with 10-foot ceilings, premium appliances and finishes, and extraordinary outdoor spaces including landscaped terraces, private gardens, a private motor court and an outdoor patio and kitchen. The tower will also include a 60-foot indoor pool with a stunning sundeck overlooking the Schuylkill River; a state-of-the-art fitness center with saunas and steam rooms; a lavish club room; a business center and boardroom providing residents with the space necessary to conduct meetings; a guest hospitality suite; and valet parking in a covered, underground garage.
Per Cecil Baker, "With One Riverside, we are witnessing the next chapter in Philadelphia's storied history. The final plans reflect wonderful collaboration and integrated thoughtful, intelligent feedback from many important partners. With its elegant design, One Riverside will continue to position Fitler Square as one of our city's most sought after neighborhoods, especially when paired with the sustained development along the Schuylkill River."
The groundbreaking ceremony, which took place on June 17th, included a moment of silence for those affected by the Amtrak #188 derailment in Philadelphia on May 13, the original date of the One Riverside groundbreaking.
· Carl Dranoff's OTHER Luxury Condo Project: One Riverside [Curbed Philly]
· Curbed Philly Cecil Baker coverage
· One Riverside [Official Website]