One Riverside Place will include 167 luxury apartments on 18 levels with retail and amenity space such as a fitness center, game room and club room, along with a cafe on the ground floor.
The project will also include 14,000 square feet of landscaped terrace, which will be built over a parking podium with 81 parking spaces and 49 spaces for bicycle storage.
One Riverside would front the Schuylkill River Trail. Apartments would occupy floors 3 through 20 and the top floor would have three penthouse units. The new tower would sit near Locust on the Park, another one of Dranoff’s developments.
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 will be built from recycled and locally produced materials, which 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. The area is presently zoned for industrial use.
In order to maximize natural daylight and reduce the need for artificial light, each residential unit will feature floor-to-ceiling windows.