You must live under a rock if you have not heard about this major development in Center City Philadelphia. As Millennials flock to the city in droves, it has spurred a revitalization of Philadelphia neighborhoods and retail corridors. One of the anchoring developments is the SLS Hotel and Condominium project on the corner of Broad and Spruce streets in Philadelphia’s bustling Avenue of the Arts.
Who Are the Players in SLS Hotel and Condominiums Philadelphia?
SBE – Operator
SBE is a global hospitality brand headed up by nightlife impresario Sam Nazarian. Their impressive portfolio contains a collection of award-winning hotels, residences, casinos, restaurants and nightlife venues around the world.
Carl Dranoff – Developer
Dranoff Property is a brand Philadelphians associate with luxury. His name has been behind several high-profile projects that have transformed the Avenue of the Arts. Dranoff Properties developed the Symphony House, 777 South Broad and, most recently, the Southstar Lofts. SLS Hotel and Condominiums will be the marquee development in Carl Dranoff’s already impressive luxury residence portfolio.
Kohn Pedersen Fox Associates – Architect
Kohn Pedersen Fox Associates has one of the most impressive global architecture portfolios in the game today. They are the mind behind several global high rise developments, representing brands such as Mandarin Oriental, Ritz Carlton, Mohegan Sun, Hyatt and Marriott. Kohn Pedersen Fox Associates is no stranger to the Philadelphia market. Their portfolio includes Philadelphia International Airport, Wharton School of Business, Children’s Hospital of Philadelphia, Four Seasons Hotel Philadelphia, 2 Logan Square, 8 Penn Center, 6 Penn Center and Mellon Bank headquarters.
SLS Philly Stats
Target Opening: 2016
Cost of Project: $200 Million
Building Height: 590 feet
Number of Stories 47 story tower
Condominiums: (Floors 21-47): 125
Hotel Rooms: 151 Hotel Rooms
Parking Spots: 233
What is there to do?
Philadelphia will be getting a taste of the newest SBE nightlife brand, the Foxtail Nightclub and Pool Club. Yes Philadelphia, you will be getting a Pool Club! There also will be a bar and restaurant on the ground level.
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