One Riverside Clears Major Milestone Towards Completion

Dranoff Properties

One Riverside, Dranoff Properties' in-development condominium complex on the Schuylkill River, poured the concrete on its 22nd and final floor on Monday.

The $112M building is scheduled to open to its first residents in spring 2017 after breaking ground a year ago (pictured above). Its Class-A condos average about $1k/SF. At the corner of 25th and Locust streets, the building sits at the entrance to the Schuylkill River Trail in the Fitler Square neighborhood. About 40 of the 68 units in the building have been purchased, according to Philly.com.

68 is a surprisingly small number of units for a 22-floor multifamily building, but the dual motives of a minimal footprint and intimacy for residents mean each floor will only have four to six units. [Philly]

Continue reading this story with a free account

Log in or register
Related Topics: Dranoff Properties , One Riverside
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Waymo Reportedly Planning 200K SF South Philly Warehouse

Cities Regain Balance With Developers Over Live Local Act Restrictions

Shallow-Bay Industrial Is In Demand But Hard To Build. Here's How One Philly Developer Made It Work

Mall Redevelopments Are Bringing More Urban Living To Chicago's Suburbs

Insurance Pricing Piles Pressure On Houston's Older Apartments

Rockefeller Group Sells Golden Triangle Apartment High-Rise For Nearly $91M

Prado Group Acquires Another Batch Of Former Veritas Apartments

Center City Developer Beefs Up 88-Unit Mixed-Use Plans: The Philadelphia Deal Sheet

SEPTA CEO Wants To Increase Service, Says It Will Draw More Employers To Philly

Rise48 Equity Aims To Reposition Newly Acquired Carrollton Multifamily Community

Oak Row Equities, OKO Plan Brickell Supertall To Launch Brand With Novak Djokovic

BMC Investments To Move Away From Office, Hotel Developments, Focus On Apartments