Dranoff Properties Ready to Break Ground on One Riverside Place Luxury Rentals
By Veronica Grecu, Associate Editor
After weeks of debates, the Civic Design Review board of Philadelphia unanimously green lighted on September 3 a mixed-use tower on a triangle-shaped parking lot at the intersection of 25thStreet and Locust Street in the Fitler Square neighborhood.
Dranoff Properties, a Philadelphia-based real estate developer, now has all the approvals to break ground on One Riverside Place, a 21-story luxury rental high rise overlooking the Schuylkill River. Though the construction start date is yet to be announced, the anticipated One Riverside Place is expected to animate the Schuylkill River waterfront and serve as an active urban destination.
The 167,282-square-foot glass tower at 210-20 South 25th Street was designed by Cecil Baker + Partners. It will include 147 luxury apartments on 18 levels—from floors 3 to 20—with three penthouse units on the top floor, 81 parking spaces and 49 spaces for bicycle storage. According to the project description that was filed with the Civic Design Review board in early August, One Riverside Place will also include 14,000 square feet of landscaped terrace built over a parking/café podium, as well as 6,000 square feet of indoor amenities, a fitness center and administrative offices on the first two floors.
Designed to achieve LEED Silver certification, One Riverside Place will feature several green amenities that will make it a sustainable addition to the Fitler Square neighborhood. The tower, built from recycled and locally produced materials, is expected to reduce energy consumption and water use by 20 percent. A green deck above the parking garage and new plants and trees at sidewalk level will improve the quality of air. In order to maximize natural daylight and reduce the need for artificial light, each residential unit will feature floor-to-ceiling windows.
Rendering courtesy of Dranoff Properties and Cecil Baker + PartnersTags: Architecture/Design, Cecil Baker and Partners, Developers, Development, Dranoff Properties, Finance/Investment, green, Investors, Latest Headlines, Leasing, LEED silver, Local, luxury, luxury apartments, Multi-Family, National, One Riverside Place, Philadelphia Lead Story, Professional, Regional, residential