$90M Luxury Hotel To Replace Landmark Philly Courthouse

Law360, Philadelphia (February 18, 2014, 6:55 PM EST) -- Developers with the Peebles Corp. will spend $90 million to convert Philadelphia's landmark family courthouse into a 199-room luxury hotel, Mayor Michael Nutter announced at a press conference on Tuesday.

The courthouse, whose operations are scheduled to be transferred from the current location on Vine Street near the Ben Franklin Parkway to a new building in Center City later this year, will be largely preserved as developers with Peebles and P&A Associates convert the property into a Kimpton Hotel.

"We are delighted to announce this major...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.