Three developers vie for the commission to convert Philadelphia’s 72-year-old Family Court Building into a new luxury hotel. After issuing a request for qualifications last October, the Philadelphia Industrial Development Corp. (PIDC) has selected three development teams from a pool of applicants, which include Fairmont Hotels & Resorts with Logan Square Holdings, Klimpton Hotels with P&A Associates and the Peebles Corp., and Starwood Hotel & Resorts with Dranoff Properties and HRI Properties. According to the Philadelphia Inquirer, the city will bring officials together from different departments, from planning to historic preservation, to oversee the review process and choose a proposal. The PIDC anticipates that an agreement will be reached with the winning developer by end of the year. A new hotel will be a coup for the area around the Benjamin Franklin Parkway, which has seen an influx of activity and changes in the last few years.
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