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  #61  
Old Posted Jan 4, 2017, 7:09 PM
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summersm343 summersm343 is offline
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Center City site where Little Pete's is located sold

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Plans for a Hyatt Centric hotel on the Chancellor Street property are moving forward.

An entity affiliated with Hyatt Hotels Corp. paid $25 million for a Chancellor Street property where Little Pete’s restaurant is located and a hotel is planned.

The Hyatt entity bought the hotel portion of the project for $18.54 million, a parking component for $4 million, and a retail portion for $2.46 million. The property spans 1612-34 Chancellor St.

The parcels were sold by an entity affiliated with William McNamara of Haverford Properties and Richard Zeghibe of Patriot Parking, according to Philadelphia real estate records. McNamara, managing member of the partnership that owned the site, couldn’t be reached immediately for comment. A representative from Hyatt, the Chicago-based hotel operator, also couldn't immediately be reached for comment.

Plans for the hotel and related uses have been controversial because it has meant the eventual closing of Little Pete’s, a popular diner that has been at the location facing 17th Street for nearly 40 years. The restaurant received notice that it will need to vacate its space by the end of August, according to a report in the Philadelphia Inquirer.

A new hotel has been in the works on the property since 2014 when Morgans Hotel Group Co. of New York announced plans to construct a $125 million, 300-room hotel. Those plans were ditched for a Hyatt urban brand called Hyatt Centric which is “designed to reflect its urban location and local culture.” The Hyatt Centric will stand 13 stories and total 234,798 square feet of which the hotel will be 190,904 square feet, a 13,157-square-foot will be retail and a 220-space parking garage will total 30,737 square feet. The hotel will have 309 rooms.

The Hyatt Centric will add to the already growing list of hotels under construction in Philadelphia. Center City has seven hotels totaling 1,864 keys in various stages of development, which is a 17-percent increase in hotel-room supply, according to data by Visit Philadelphia. Roughly 973 additional rooms in six additional hotels are in the planning stages.

There are people filling rooms at existing hotels as a result of more conventions, large-scale events such as the Democratic National Convention and a thriving hospitality and tourism industry. Occupancy of the city’s hotels were strong last year as a record 41 million visitors came to the five-county region last year, spending $6.7 billion, according to Econsult Solutions data.
http://www.bizjournals.com/philadelp...s-located.html
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  #62  
Old Posted Jan 4, 2017, 8:47 PM
Daario Daario is offline
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Any speculation as to where Little Pete's is going to move? It's always been one of my favorite spots in the area to hang out.
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  #63  
Old Posted Mar 7, 2017, 12:26 AM
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Little Pete's sets its closing date

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Pete Koutroubas​ confirms social-media chatter that Memorial Day - Monday, May 29 at 11:59 p.m. - will be the finale for Little Pete's, the landmark, 24-hour Center City diner at 17th and Chancellor Streets.

Little Pete's building has a date this year with a wrecking ball to make way for a Hyatt Centric hotel.
Read more here:
http://www.philly.com/philly/blogs/t...sing-date.html
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  #64  
Old Posted Mar 7, 2017, 1:44 AM
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Originally Posted by Daario View Post
Any speculation as to where Little Pete's is going to move? It's always been one of my favorite spots in the area to hang out.
Koutroubas said their search is focused on Fishtown, but the main thing they're looking for is cheap rents.
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  #65  
Old Posted Mar 7, 2017, 8:59 PM
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SEFTA SEFTA is online now
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Does anyone know what the back of this project is to look like? I'm hoping it won't be a blank wall. The St James facade overlooks a beautiful church, rectory and yard

Last edited by SEFTA; Mar 7, 2017 at 10:36 PM.
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  #66  
Old Posted Apr 28, 2017, 1:20 AM
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Fall 2017 start date for this according to the Center City District report:
http://centercityphila.org/uploads/a...2017-final.pdf
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  #67  
Old Posted May 25, 2017, 12:51 AM
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Little Pete's is closing Monday

Read more here:
http://www.philly.com/philly/blogs/t...sing-date.html
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  #68  
Old Posted May 25, 2017, 12:31 PM
1487 1487 is offline
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No demo permit for this garage yet.
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  #69  
Old Posted May 25, 2017, 2:12 PM
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Originally Posted by 1487 View Post
No demo permit for this garage yet.
Mmm...I live nearby and thought I had seen a permit. Though maybe not. The original demolition wasn't expected till August and Little Pete's could have stayed longer than it is. But I'll try to swing past today and scope out whether there is a permit up.
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