June 14, 2008 |
Developer Carl E. Dranoff speaks in fluent metaphor. There are the "pearls" . . . that would be the Symphony House condominiums his company built at Broad and Pine Streets and the $70 million "green" apartment project Dranoff Properties is building at Broad and Fitzwater Streets. Groundbreaking on 777 South Broad Street, a 146-unit luxury building with retail on the ground floor, is set for Thursday. Dranoff has his eyes on other pearly parcels along the string of South Broad Street known as the Avenue of the Arts.
April 14, 2011 |
The developer of the Victor Lofts apartment building on the Camden waterfront has put off repayment of a $3 million loan to the Delaware River Port Authority because he's short on cash. The agency lent $3 million to Victor Associates in 2003, interest-free until 2009. The money was part of a $52 million financing package assembled by developer Carl E. Dranoff to convert the historic RCA Victor "Nipper Building" into 341 upscale apartments overlooking the Delaware River and the Philadelphia skyline.
September 25, 2012 |
Developer Carl Dranoff came late to bicycling. Growing up in Philadelphia's Oxford Circle, no one rode bikes, he says. They walked to school and afterward hit the basketball courts for exercise. Dranoff didn't get on a bicycle until it became a matter of pride: His young daughter was learning to ride a two-wheeler. Why couldn't daddy? He was 35 at the time. Now 63, Dranoff still isn't exactly steady on a bicycle, even when he's pedaling one of the porker-class Dutch models that belong to his company's new bike-sharing program.
September 5, 2014 |
Armed with evidence of increasing demand for new and larger high-rise condominiums in Center City, Carl Dranoff has shifted gears on plans for his One Riverside development at 25th and Locust Streets. Instead of 147 luxury rental apartments, the 22-story, $100 million-plus building will have 88 condos, including two penthouses, that he said will be priced at $700,000 to $4 million. Groundbreaking for One Riverside is scheduled early next year, "depending on permit issuance, which is hard to predict," said Marianne Harris, Dranoff Properties' sales and marketing director.
June 9, 2013 |
I STOPPED by the super swank Symphony House residences yesterday to have a chat with Richard Basciano about his killer building. "Is he expecting you?" the cranky concierge asked. Well, I didn't know if the owner of the crumbling building that flattened a neighboring Salvation Army thrift store was expecting me . But he should've been expecting someone - like officials from the city seeking answers about his choice of a discount demolition crew, for starters. Basciano's company paid some insta-demolition crew $10,000 for a job demo experts said should have cost closer to $250,000.
February 18, 2014
A big, flashing 'no' Although I don't live near or represent in the state Senate the area where the Franklin Institute wants to erect a digital sign, as a long-time visitor I have enjoyed the vistas of extraordinary architectural designs along the city's most famous throughway. Be it the museums, hotels, fountains, Free Library, or Family Court, this area provides a breathtaking gateway to the city. And it should be preserved. Certainly, there is nothing a digital sign would add to this historic and spectacular perspective.
March 21, 2013 |
Osage Partners of Philadelphia, Greycroft Partners of Los Angeles, and MissionOG of Devon, say they have invested $3.2 million in Center City-based PeopleLinx , a firm that helps companies give their workers' LinkedIn accounts a standard corporate look and uses LinkedIn data to boost sales. PeopleLinx, which counts FMC Corp. , Firstrust Bank and Prudential among its clients, was set up by LinkedIn veterans Nathan Egan and Patrick Baynes . It will use the new cash to add to its staff of 13 full-time employees and about 25 contractors, says Egan, a Cornell grad and onetime specialty chemical salesman.
June 23, 2011 |
Nine months after winning the seventh season of Bravo's Top Chef , Kevin Sbraga has signed a lease for his own restaurant. The upscale casual Sbraga is pegged for this fall at 440 S. Broad St., in the Symphony House space at the corner of Broad and Pine Streets that last housed Chew Man Chu. "I call it a personal rendition of American food," says Sbraga, who lives in the Willingboro house in which he grew up. "I learned during ...
February 27, 2011 |
Blue skies and a high of 62 degrees on Feb. 14 were hardly what one would have expected this winter, but they were definitely a treat for Marianne Harris. As director of sales, leasing, and marketing for Dranoff Properties, Harris and her boss, Carl Dranoff, had chosen that day for "the first annual Valentine's Day Progressive Luncheon," to show the developer's buildings in Center City and University City. "I can't believe how lucky we were," she said at the front door of 777 South Broad, Dranoff's newest luxury rental building, which opened March 25. Inside, real estate agents and brokers, many from Main Line offices, dined on bow-tie and tortellini pasta prepared to order, then toured the models, common areas, and fitness and storage facilities.