w hotel

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$75M Government Subsidy Apparently Not Enough for Luxury Center City Hotels

In 2013, Philadelphia’s City Council approved a $33 million tax-credit package to help developer Brook Lenfest build two boutique hotels on a vacant lot at 15th and Chestnut […]

Property

Construction of W / Element Hotel at 15th and Chestnut Underway

The former parking lot is gone and the teasing presence of inactive site prep vehicles is officially behind us – in other words, construction is underway on the 51-story skyscraper charged with holding […]

Property

6 Philly Development Projects That Are Springing Forward

Now that we’ve all had a chance to adjust to that that whole spring forward phenomenon, let’s take a few minutes to look at a […]

Property

Morning Headlines: Construction at the W Hotel Could Start Next Month

You already know that construction crews have been on the scene at 15th and Chestnut for about a month getting it ready for the upcoming […]

Property

Spotted: Is That Construction Equipment at the Future W and Element Hotel Site?

Is the construction of the 755-room W and Element Hotel about to commence on the former parking lot at 15th and Chestnut Street? It certainly […]

Property

Five Developments We’re Tracking in 2015

Here on Property we’ve been covering an assorted number of new projects poised to transform Philadelphia’s cityscape. As the new year approaches, that number will only […]

Property

Morning Headlines: More Info On Planned W / Element Hotels Coming Next Week

According to PlanPhilly’s Jared Brey, the developers of the planned W and Element Hotels at 15th and Chestnut (currently a parking lot) don’t need zoning […]

Property

Toll Brothers Pushing 410 At Society Hill

Toll Brothers, the Horsham, PA-based megadeveloper, has found late-career success in the unlikeliest of places: bustling cities. The company has done projects throughout New York […]

Property

Update on Two Big Projects at 15th and Chestnut

We’re seeing progress on two major projects that’ll radically change the intersection of 15th and Chestnut: Brook Lenfest’s long-discussed W and Element hotel tower right […]

1441 chestnut street
Property

The W Hotel Tax Break: Foolish or Defensible?

So let’s see if I’ve gotten this right: The real reason the bigger, bolder Pennsylvania Convention Center is empty much of the time and getting […]

1441 chestnut street
Property

Center City Hotel Owners Think W Hotel Is a Bad Bet; Lenfest Says They’re Just Jealous

Yesterday the Concerned Hotel Owners of Philadelphia published an open letter questioning the wisdom of opening a 700-room hotel in downtown Philadelphia — and particularly with […]

Property

Brook Lenfest Accused in W Hotel Real Estate Deal–Again

Brook J. Lenfest, scion of philantropist Gerry Lenfest and owner of the Chestnut Street site slated to be the new Starwood Element/W Hotel, is in […]