Two More Hotels to Be Built in Center City Philly
Looks like SLS isn't the only new hotel coming to the City of Brotherly love.
Philadelphia is getting two brand new luxury hotels -- a W and an Element -- thanks to a $33 million tax break measure passed last week that will allow for construction to begin on a $280 million building in Center City. (W Hotels had hoped to open in Philadelphia way back in 2006 but the project was later scrapped in 2008.)
The measure was opposed by a group of the city's hotel owners, but Mayor Michael Nutter and the city council saw things differently. "It's a big winner for the city," Nutter said. "1,800 construction jobs over a three-year period of time, 450 permanent jobs and a signature headquarters hotel right in the heart of Center City."
The site for the project at 15th and Chestnut, which has been vacant for years, is between City Hall and Rittenhouse Square and a half-mile from the convention center. Competing hotels in the area will be Kimpton's Hotel Palomar, the new Rad Blu (which we dished on a few weeks ago), the Four Seasons on the Ben Franklin Parkway, and the Rittenhouse Hotel, among others.
While there are some political grumblings over the idea of providing a specific tax break for a specific project, construction is expected to break ground within the "next few months" and to be completed in approximately three years.
We'll be sure to keep an eye on things as they develop and details about the two hotels are released.
[Photo: Visit Philly]