PhillyMag.com reported that redevelopment plans have been confirmed for North Broad Street’s Divine Lorraine but those plans do not include its conversion into a boutique hotel. Developers are concerned with the time line and length of a project like hotel redevelopment. The new and improved plans for the former hotel includes 126 apartments, two levels of retail space and a lobby area, which consists of about 20,000 square feet of space for the main level.
Although it makes sense to rehabilitate the former hotel because of its location, those involved believe it is more beneficial to complete the project sooner rather than later with apartments and retail.
The $43 million project is projected to begin around the summer months and could take 18 months for completion. Plans for apartments sizes and features have not yet been released.
The Divine Lorraine was built between 1892 and 1894 by architect Willis G. Hale. The building was originally housed by some of Philadelphia’s wealthiest residents before it converted to a hotel. It officially closed in 1999.