Looks like the big Ridge Flats mixed-use development in East Falls will be getting a next-door neighbor before breaking ground itself. Falls Bridge Lofts, a residential development featuring 46 units, is currently under construction at 4328 Ridge Avenue.
Last week Naked Philly passed by the construction site and noted that the developers are currently pre-leasing the apartments. According to the Falls Bridge Lofts website, the first 26 units are expected to be move-in ready by October 1, 2016. The rest of the units will be ready by December 15.
The news comes just as Ridge Flats next door moves onto its next hurdle after concluding the Civic Design Review process earlier this summer. The two developments will transform this section of the Schuylkill River banks, which currently features mostly parking lots and warehouses that have sat unused for years.
At the lofts, which is being developed by Overbrook Real Estate Investors, there will be more than 20 different layouts for tenants to choose from, though all of them will feature loft-style windows with views of the Schuylkill River. A letter to prospective tenants posted on the website states:
Each unit comes equipped with granite countertops, stainless steel kitchen appliances (refrigerator, electric stove, dishwasher and microwave); laminate wood flooring in the living area, and designer carpet in the bedrooms. Each unit is equipped with a dishwasher, garbage disposal, and its own washer and dryer for laundry services.
There will also be amenities like a media room, a shared kitchen, a gym, bike storage room, and an area specifically for dog washing—so yes, it’s going to be a pet-friendly building.
Monthly rents range from $1,400 a month for a 1-bedroom to $2,200 for a 2-bedroom with a "high rise river view."
Calls to the property manager were not returned to Curbed Philly. We will update when we know more.
- Falls Bridge Lofts [Official]
- Falls Bridge Lofts coming to a Schuylkill River near you [Naked Philly]
- East Falls mixed-use development sails through Civic Design Review [Curbed Philly]