Morning Headlines: Dranoff to Give ‘First Look’ at One Riverside, Ardmore Suit Dismissed
While we’re all getting iced and rained on this week, it certainly looks like everything is coming up roses for Carl Dranoff.
According to Cheryl Allison of Main Line Times, Montgomery County Common Pleas Court Judge Bernard A. Moore dismissed the lawsuit brought against One Ardmore Associates, a partnership between Dranoff Properties and Lower Merion Township, by nearby business owners that could have blocked the transfer of the Cricket Avenue Parking Lot for the One Ardmore Place project. The mixed-use project seeks to bring 110 apartments, retail and a parking garage to downtown Ardmore. It has been contentious from the beginning, sparking a “Rally for Ardmore” back in November, and this current ruling looks to put it back on track for construction to start in the spring.
While the ruling is a major win for Dranoff, we all know it’s not his only project he has going at the moment. The Inquirer‘s Alan Heavens reports that Dranoff will begin taking reservations for his yet-to-be-built One Riverside luxury condo tower today. Real estate agents will also get “their first look” at the project that will overlook the Schuylkill River at 25th and Locust, says Heavens. As more and more wealthy people from the ‘burbs are looking to move into the city, they’re also looking to buy larger, more exclusive places. We’re seeing that at 500 Walnut, Dranoff’s SLS International and now One Riverside.
According to Heavens, the “prices will range from $685,000 for a one-bedroom unit to $6 million for the 4,200-square-foot bi-level penthouse with elevator.” Delivery on the custom units from the third through ninth floors is expected by the end of 2016.
• UPDATE: Montco judge dismisses Ardmore business owners’ Cricket Lot lawsuit [Main Line Times]
• Starting Wednesday, a first look at One Riverside’s luxury condos [The Inquirer]
• Second blueprint for residences on Chestnut gets executed [Philly Living]
• Is a convenience store makeover in Bella Vista a missed opportunity? [Flying Kite]
• Radnor Planning Commission again rejects BioMed’s plan [Main Line Times]
• Philly Is One of the Most Car-Free Cities in the U.S. [Citified]