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Deals & Dealmakers

LCOR Celebrates Topping Out of Newly Named 31-Story Residential Tower at 1 Dock Street, The Ryland

LCOR, a fully integrated real estate investment, development, and management firm, today announced the topping out at The Ryland, the newly named, 267-unit, 31-story residential building located at 1 Dock Street in Philadelphia’s highly sought-after Society Hill neighborhood. The project’s construction is being led by Hunter Roberts Construction Group and is slated for final completion in Q4 of 2023.

“We are thrilled to have reached this key milestone as we move one step closer to bringing The Ryland to final completion by the end of next year,” said Peter DiLullo, Senior Vice President at LCOR. “Society Hill is neighborhood that is deeply embedded within American history and culture and we’re looking to forward to delivering an additional residential offering to the neighborhood as we continue growing our footprint with the greater Philadelphia community.”

“Hunter Roberts Construction Group is proud to be Building another successful project with LCOR and achieving this significant milestone,” said Daniel Dirscherl, Executive Vice President, Hunter Roberts Construction Group. “We look forward to being able to deliver this high-quality project on time and within budget. It has been a satisfying partnership from planning to execution.”

Upon completion, The Ryland will be comprised of 267 total residences, a mix of 44 studios, 154 one-bedroom and 44 two-bedroom apartments as well as 20 two-bedroom and 5 three-bedroom penthouse units inclusive of private outdoor deck space and condominium quality finishes. Shared resident amenity spaces to include a state-of-the-art fitness center, an outdoor pool with an accompanying roof deck and indoor rooftop lounge, multiple resident lounges throughout the building, 24/7 concierge services, a children’s playroom and on-site parking.

Located in Center City’s highly sought-after Society Hill neighborhood, The Ryland offers immediate access to the best of Historic Philadelphia inclusive of a myriad of food and beverage, shopping and art and cultural offerings. From historic landmarks such as Independence Hall and the Liberty Bell to the scenic Washington Square, the building is ideally situated in the heart of the first U.S. World Heritage City. Additionally, The Ryland benefits from its close proximity to the Market-Frankford Southeastern Pennsylvania Transportation Authority (SEPTA) line with the 2nd Street station a short walk from the property and is a short driving distance away from major area roadways and thoroughfares.

The Ryland marks LCOR’s 5th development in Pennsylvania, adding to The Birch in Conshohocken, Arlo in Malvern and 1919 Market Street and 419 Bainbridge Street in Philadelphia.

Leasing at The Ryland is projected to commence in Q3 of 2023. For more information on The Ryland, please visit Theryland.com.

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