Morning Headlines: Camden’s Long Delayed Radio Lofts Project Still … Delayed
Radio Lofts at Front and Cooper Street | Google Street View
Stop us if you’ve heard this one before: the condo project has Radio Lofts in Camden is (still) stalled. It’s been around a decade since Carl Dranoff had planned to bring 86 high-end lofts to the Cooper-Grant neighborhood in Camden. The Inquirer reports that there is no start in sight for the project, largely due to lack of funds to properly remove the concrete floors that contain harmful toxins.
The Camden Redevelopment Agency, which owns the property, secured $4.5 million in grants for environmental remediation but still faces a shortfall of about $1.1 million, said agency director Saundra Johnson. The agency is responsible for cleaning up the property before Dranoff can complete the work, and Johnson said the agency was working to secure additional funding.
Yikes. Deemed structurally sound by city officials and not dangerous, the property is a severe eyesore to the area and currently has a fence around it. Up until a few years ago, it was also a drug haven and neighbors were concerned that Dranoff might pull out all together. Dranoff told The Inquirer in an email: “We remain as committed as ever to redevelop Radio Lofts.”
Dranoff has a lot going on at the moment. In the city, he’s in the thick of things as the SLS International Hotel & Residences, One Riverside and the Royal Theater. He’s also about to kick the tires on his other long-planned project called One Ardmore Place at the Cricket Avenue Lot in Ardmore.
A Must-Read from Citified:
A Quiet Coup in City Hall. @CitifiedPHL: The real action in next month’s election is on the undercard. http://t.co/omALrhGYeU
— Philly Mag (@phillymag) April 12, 2015
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