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The Victor Building

Developed by Dranoff Properties, The Victor Building is a residential re-use of the historic RCA Nipper Building. Once the headquarters of RCA Victor, the building is now home to 341 luxury waterfront loft apartments. CFDA recruited noted Philadelphia residential developer Carl Dranoff to undertake the project. CFDA worked with Dranoff Properties to first negotiate with NJ Department of Environmental Protection and then to oversee an $8 million remediation of the historic Nipper Building, which was funded by the Delaware River Port Authority. The clean-up resulted in a "No Further Action" letter that allowed the project to be financed and constructed. The renovation of The Victor Building was completed in 2004 at a cost of $60 million.

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