Plans for rentals and a boutique hotel in a tower at
South Broad and Pine streets have been tossed in favor of condominiums.
Dranoff Properties had proposed the hotel slash
rental property for the Avenue of the Arts corner nearly two years ago, but
last week the development firm told community members it is making a shift,
according to Curbed Philadelphia.
Now the developer behind other condo projects like One Riverside and Symphony House is planning a 28-story tower with
56 units and a 92-car underground parking garage, Curbed said.
The design has also changed substantially, with
[architect] Cecil Baker creating a skinnier, taller, and
metal-clad building—“something that was not a glass tower,” he said. The taller
tower is the result of the 11-foot, 9-inch tall ceilings in each condo unit,
which will average about 2,500 square feet.
The project, slated to begin after Dranoff completes the
nearby SLS Hotel & Residences development, is expected to take about two
years to complete, Curbed said.
Source: Philadelphia
Business Journal
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