The Peebles Corporation and P&A Associates will develop and $85 million Kimpton hotel in Philadelphia’s Family Court building along Benjamin Franklin Parkway. The 1941 building, listed on the Philadelphia Register of Historic Places, will feature 199 guestrooms, 14,000 square feet of meeting and event space, a restaurant and bar, and expansive spa and fitness facilities.
The redevelopment also will incorporate the building’s important historic elements, including the preservation of 37 interior murals. Peebles says that it will select an architect for the project within the next 90 days.
Conceptual rendering courtesy of the Peebles Corporation
Peebles and P&A were selected from three finalist proposals based on criteria including a sensitive approach to the historic preservation of the Family Court’s interiors and façade, as well as strong inclusion of minority participation in the ownership and development of the project. The Peebles Corporation, the country’s largest African-American real estate development company, has selected minority-owned McKissack & McKissack to lead the hotel’s construction.
Kimpton already has two Philadelphia properties located in transformed historic locations: Hotel Monaco in the former Lafayette Building, and Hotel Palomar in the former Architects Building.