Dranoff Properties is clear to begin construction of SLS International Hotel and Residences - a 47-story, 590-foot tower with 125 condos and 150 hotel rooms at Broad and Spruce streets, across the street from the Kimmel Center.
There are currently two buildings on the site. These will be torn down, but first asbestos must be removed.
Remediation will begin in late fall or early winter, with demolition to follow and construction to begin as soon as the site is clear.
The new building will be designed by Kohn Pederson Fox, architects of the world's highest hotel, the Ritz-Carlton Hong Kong.
- 47 stories and 590 feet tall
- Approximately 423,000 square feet
- 162 five-star hotel rooms
- 125 luxury condos, ranging from one-bedroom units to penthouses
- The hotel and condos units will have separate lobbies
- Ground-floor retail stores
- 6,000-square-foot, double-height glass ballroom on the fifth-floor
- Olympic sized swimming pool, fitness center and spa
- A ground-floor corner bar and restaurant
- Target groundbreaking: next fall
- Construction time: two years
- Cost: more than $200 million
- Total parking spots: 233
- One level of underground parking; three levels above-grade
- The garage will be limited to residents and hotel-uses, and all parking will be by valet.
The compelling 47-story tower is intended to act as a catalyst for the future of development to the south of Center City, said architect Gene Kohn.
Developer, Carl Dranoff, says the building will be the Pennsylvania’s “tallest structure built for residential use.“
The 590-foot tower will be taller than the William Penn statue on top of City Hall, and its units will be among the City’s most expensive.
Construction will require the demolition 301-309 South Broad Street, the longtime home of Philadelphia International Records. The building suffered significant fire damage in 2010.
The name, SLS International, is a nod to Philadelphia International – which was famous for the “Philadelphia Sound,” showcased in the recordings of artists such as The Three Degrees, Teddy Pendergass, and The O’Jays.
311 South Broad will also be demolished, and the University of the Arts lot at 313 South Broad Street will be taken and used as a loading dock.
The SLS International Hotel and Residences will be one of Philly's most upscale properties once complete. Not only will it be the tallest building on Broad Street, it will also house an Olympic sized swimming pool, a spa and boast the highest penthouses in the city.
The project calls for condos from floors 20 to 47, hotel rooms on lower floors, and amenities including restaurants, a gym, swimming pool and a spa near street level.
The new building will feature stone at the base, but will be primarily made of metal and glass. The glass will have a high-performance coating, and the metal will be covered with a bright metallic paint.