Peebles Corp. is revising its plan to convert Center
City's former Family Court building into a hotel after an earlier proposal by
the developer failed to qualify for support under the Federal Historic
Preservation Tax Incentives program.
The National Park Service, which rejected the plan in
May, is working with Peebles and the Philadelphia Industrial Development Corp.
(PIDC) on changes to the project "in response to our comments for
resubmission," agency spokesman Jeffrey G. Olson said in an email Monday.
The National Park Service ruled in May that the Coral
Gables, Fla.-based developer's plan for the 75-year-old city-owned building at
at 1801 Vine St. would "severely downgrade" its historic character,
disqualifying it for the tax credit.
Peebles has until the end of December to secure approvals
for the credit, an extension from the Nov. 30 deadline it previously had as
part of its development deal with the city, PIDC president John Grady said in
an email.
Peebles spokeswoman Nicole D. Goldberg did not respond to
an email asking about efforts surrounding the tax credit and branding plans for
the hotel.
Source: Philly.com
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