Friday, February 14, 2014

Dranoff's 47-story tower on S. Broad St. gets go-ahead



Dranoff Properties got the go-ahead to move forward with a proposed 47-story mixed-use project on South Broad Street in Philadelphia.

City Council’s rules committee recommended yesterday that the development can be constructed without any new zoning approvals, said Peter Kelsen, an attorney with Blank Rome who represents Dranoff.

The project consists of a 47-story building that would front South Broad Street at Spruce Street. It would have 149 hotel rooms and 123 condominiums, a corner bar and restaurant as well as street-level retail. In addition, the building would have a rooftop lounge, 75-foot swimming pool and 6,000-square-foot ballroom that overlooks the Kimmel Center for Performing Arts.

Dranoff, a Philadelphia developer, is partnering with SLS Hotels on the project. SLS is a luxury hotel brand established by Sam Nazarian, who operates sbe, a Los Angeles hospitality company he started in 2002.

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