Rodan Enterprises to Develop a Marina in NE Philadelphia
Published on May 23, 2024Rodan Enterprises LLC, along with its founders Dana and Ron Russikoff (former owners of the SureShade® retractable sunshade product line for boats), announced that its latest venture – One River Development LLC – has recently acquired a 6-acre waterfront parcel on the Delaware River in Northeast Philadelphia with the intent to develop a full-service marina and entertainment complex – One River Marina.
Upon completion of the project, One River Marina will feature more than 200 boat slips, shore power, fuel, dry rack storage, swimming pool, several different restaurant concepts, parking and a home for the historic Quaker City Yacht Club.
Situated on the Delaware River just north of the Tacony-Palmyra Bridge in northeast Philadelphia, One River Marina’s central location to existing waterfront destinations like Penn’s Landing to the south, and Bristol Wharf to the north make it an ideal location to revitalize boating on the Delaware River, attracting both land-based residents and traveling waterborne tourists. Additionally, One River Marina will serve as a gateway to the historical Tacony and Mayfair neighborhoods – unlocking a wave of local economic development opportunity that goes beyond the water’s edge.
One River Development is in the process of raising public funds and private capital for the One River Marina project, which is in a qualified federal opportunity zone (QOZ) making it an attractive asset class for investment. The development of One River Marina will be carried out in several phases, with the first phase including the construction of a new bulkhead, docks, slips, fuel and boat storage. Completion of this phase is expected by spring 2026.
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