Philly’s Center City skyline officially has a new resident, developer Carl Dranoff’s 22-story condo high-rise One Riverside.
The modernist skyscraper, designed by architect Cecil Baker, officially celebrated its grand opening with a ribbon-cutting late Tuesday afternoon. The $98 million project, which took two years of construction, is now the city’s first condo tower in seven years to be built from the ground up.
“This site is the poster child for Philly’s transformation,” Dranoff said at the grand opening.
As Curbed Philly reported at One Riverside’s topping off in May 2016, Dranoff has owned the site at 25th and Locust in Fitler Square for nearly two decades. At that time in 1986, he first converted an old warehouse next door into Locust Point, followed by Locust on the Park, a luxury apartment building.
One Riverside almost became another apartment building, until the economic downturn beginning in 2008 convinced Dranoff to focus on the high-end condo market.
Today, the glassy One Riverside tower sits in a coveted spot on the Schuylkill River, with direct access to the Schuylkill River Park and Schuylkill Banks Boardwalk, which opened less than a year before the tower broke ground.
With its official opening, 80 percent of One Riverside’s 68 luxury condominiums have been sold. The condos, which are some of the most expensive in the city ranging from $715,000 to $7 million, have attracted buyers from the suburbs who are looking to downsize, as well as eds and meds from University City across the Schuylkill River.
Five of the new owners have officially moved into their new digs on the Schuylkill, and the Dranoff team expects the rest of the tenants to be able to move in by August. Now, here’s a look at the model units and the swanky amenities and that they’ll have access to.
One Riverside sits right along the Schuylkill River Trail and has views of Center City and the University of Pennsylvania campus across the river.
Nearly every unit in the building has a private terrace. The bi-level penthouse, which is on the market for $7 million, has four terraces.
The 60-foot lap pool is located on the second floor amenity level, which also features a fitness center, a board room, a club room with a catering kitchen and baby grand piano, and a suite that owners can rent out for overnight guests.
Landscape architect Studio Bryan Hanes designed the One Riverside’s outdoor spaces, which include a private park built on top of the tower’s underground parking garage. There’s also a veranda on the other side of One Riverside with an outdoor grilling kitchen.
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