By Emma Dooling – Reporter, Philadelphia Business Journal
A new marina and entertainment complex is being planned along the Delaware River in Northeast Philadelphia.
Dana and Ron Russikoff, the founders of Rodan Enterprises LLC, plan to develop a full-service marina with restaurants and a yacht club at 5190 Princeton Ave. near the Tacony and Mayfair neighborhoods. The duo recently acquired the 6-acre parcel that will house the project, called One River Marina, for $1.15 million, Dana Russikoff told the Business Journal.
The Russikoffs are well-versed in the boating world, having founded SureShade, a company that makes retractable sunshade systems for boats throughout North America and Europe. Indiana-based Lippert Components Inc., the maker of parts and accessories for recreational vehicles, acquired the Philadelphia business from the Russikoffs in late 2019.
Russikoff said the development, which is years in the making, will be a place for the local community to enjoy as well as a "world-class destination" for boaters located between two other waterfront destinations along the river: Penn's Landing to the south and Bristol Wharf to the north.
“This project checks every box for what is surely becoming a new age of 'nautical tourism' for the Delaware River – recreation, access and infrastructure development – for local residents and especially for boaters," Russikoff said in a statement.
Early estimates for One River Marina currently put the cost of the project between $30 million and $40 million.
One River Marina, located just north of the Tacony-Palmyra Bridge, is in the early stages of planning and will be completed in phases. The first phase of the project consists of the construction of a new bulkhead, docks, slips, fuel and boat storage. That portion is expected to be complete by the spring of 2026 in time for celebrations of the nation's 250th anniversary in Philadelphia, a series of events expected to draw a significant amount of tourists to the region.
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