In October 2012, the city’s Philadelphia Industrial Development Corporation (PIDC) issued a Request for Qualifications from developers for the acquisition of the Family Court Building at 18th and Vine (court operations are moving to 15th and Arch). PIDC made one thing abundantly clear: They were only accepting proposals “from qualified and experienced development firms with the demonstrated ability to successfully design, finance, and develop historic properties of a similar size, cost, scope, and complexity.” Which narrowed it down. Significantly.
Of nine contenders, three are currently left standing. Logan Square Holdings, which counts Ken Goldenberg as one of its investors, would bring Fairmont Hotels & Resorts. Carl Dranoff would join HRI Properties of New Orleans to create a Starwood Hotels & Resorts property. And Philly’s P&A Associates and the Peebles Corp., which has long had interest in this area, would bring another Kimpton Hotel to town.