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.
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.
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]