Developer Carl Dranoff says he is a few weeks away from
being able to confirm details of the "game-changing project" he
imagines for South Broad Street across from the Kimmel Center.
Dranoff says he has met with city planners. He has a review
scheduled with the zoning-watchers at the Washington Square West civic
association, where he'll unwrap more details, this month. He has talked to
lenders.
If all goes well, he plans to present the proposal publicly
sometime after Dec. 8.
The Philadelphia Business Journal and the website Hidden
City Philadelphia have posted purported details of the tower, citing unnamed
sources. Hidden City reported that the tower would be 40 stories and include a
hotel and apartments, making it the tallest building on South Broad Street.
Dranoff would not confirm those details.
The builder said there was no historical restriction on
knocking down the former Philadelphia International Records offices on the
site, which has been damaged and empty since a 2010 fire, or a second low-rise
across the narrow Cypress Street, currently braced to keep it from collapsing.
Meanwhile, Dranoff is moving forward on plans for One
Ardmore Place - 121 apartments and three levels of parking - that recently won
approval from the Lower Merion commissioners, as part of their
suburban-retail-renewal project.
Dranoff's Military Park proposal for Newark, N.J., has been
awarded $33 million in state Economic Development Association Urban Hub tax
credits.
His proposed high-rise west of Fitler Square and south of
his earlier factory-loft conversions faces an appeal by residents. He is also
still selling condos at Ten Rittenhouse, where investors include Comcast chief
executive Brian L. Roberts, the Wall Street Journal reported last month.
Source: Philly.com
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