Originally Posted by aro1419
What do you all think of the hotel planned for 401 Race Street? I really hope that it won't be an aloft hotel because we already have two(correct me if I'm wrong) in the city. Plus, a more luxurious boutique hotel would be nicer.
There is an article in the Inquirer today saying that the neighborhood is not being supportive:
Neighbors resist plan for hotel, condos in Old City
By Miriam Hill
Inquirer Staff Writer
A plan to build a hotel and condominiums in Old City ran into resistance Monday from neighbors who fear that plans for restaurants at the site would lead to the creation of a large, noisy nightclub, but advanced from a City Council committee.
Residents who testified also disliked a large electronic sign that the developers say they need to draw attention to the businesses there.
The site, on Race Street between Fourth and Fifth Streets, was the home of Pincus Bros.-Maxwell, a maker of men's suits. Council's Rules Committee advanced a bill to rezone the area from industrial to commercial. It is expected to go before the full Council Dec. 9.
ARC Properties of Clifton, N.J., wants to build a six-story, 150-room hotel, with restaurants, a food store, and a 500-square-foot dance floor at ground level. The hotel rooms would be built atop the current building and overlook a large courtyard.
The company plans to complete the hotel phase of the project in early 2012 and hopes to add 50 condominiums after that, depending on demand.
ARC expects the development to create 260 permanent jobs and about 150 construction jobs. ARC was a developer of the 10 Rittenhouse Square condominiums.
Trade unions and the Old City District, which represents some area businesses, praised the project because it will employ people in a slow economy.
Read more: http://www.philly.com/inquirer/home_...#ixzz16oVw0gv2
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