Friday, February 13, 2015

One Riverside Place Expected to Break Ground This Year

In addition to its massive hotel/condo tower project across from the Kimmel Center, Dranoff Properties is also planning to construct a new 167,282-square-foot glass tower in Center City called One Riverside Place. The Philadelphia developer will build the 22-story residential structure on a parking lot at 25th Street between Locust and Manning streets in the Fitler Square neighborhood of the city.

The mixed-use tower, designed by Cecil Baker + Partners, will be built on a triangle-shaped parking at 210-20 South 25th Street, at the intersection of 5th and Locust Streets.

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.

After weeks of debates, the Civic Design Review board of Philadelphia unanimously green lighted the project late last year.

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.