SBE, Dranoff To Build $200M Tower In Philly Art District

Law360, New York (December 18, 2013, 4:54 PM EST) -- SBE Entertainment Group and developer Dranoff Properties will team up to build a 47-floor combined hotel and residential tower across the street from the Kimmel Center for the Performing Arts in Philadelphia for $200 million, the companies said Tuesday.

The building, to be known as SLS International, will include 150 boutique hotel rooms under the SLS brand and 125 luxury condos, intended to capitalize on Philly's Avenue of the Arts, a principal tourist attraction. The building will feature a fitness center with pools and a spa,...
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