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A bi-level penthouse at One Riverside that has four terraces is looking for its first owner who’s willing to shell out $7 million.
Hopefully the buyer has a good imagination and some patience, since the penthouse is still very much under construction. But when all is said and done, the 4,409-square-foot condo, located on the top two floors of the 22-story tower, will offer what are arguably some of the most compelling views of the city, from Penn’s campus to the Schuylkill River to the Center City skyline.
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Construction crews at Carl Dranoff’s One Riverside have been working around the clock to get the building move-in ready for its first tenants by mid-April. About 80 percent of the tower’s 68 high-end luxury condos have been sold, according to Marianne Harris, Dranoff’s vice president of sales, marketing, and leasing. That amounts to more than $100 million in sales.
A majority of the new condo owners are empty nesters downsizing from their Main Line mansions, while some young professionals of the eds and meds world have opted for the smaller, 1- or 2-bedroom units in the building, said Harris.
Of the two penthouses in the building, the smaller one has already sold, which leaves the bi-level penthouse still up for grabs. The 4-bedroom, 4.5-bath condo has a four terraces: The largest one is off the main living area, and the other three are on the second level off the master suite, a bedroom, and family room. Harris, who has also handled sales at 10 Rittenhouse, says it’s the first unit in a Dranoff-developed building that includes that much outdoor space.
The $7 million price tag makes it one of the most expensive residential properties for sale in the city right now. It’s asking price is identical to a similar property at the 21-story Lanesborough, which also has four terraces.
Check out the floor plan and views from the living room terrace below.
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The monthly HOA fee is about $4,188, which includes access to a town car, some utilities, condo amenities, and concierge expenses.
- One Riverside [Official]
- Touring One Riverside, Dranoff’s high-rise on the Schuylkill [Curbed Philly]
- Incredible Lanesborough penthouse with 4 terraces asks $7M [Curbed Philly]