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-   -   PHILADELPHIA | Hyatt Centric | 179 FT | 13 FLOORS (https://skyscraperpage.com/forum//showthread.php?t=218025)

summersm343 Jan 4, 2017 7:09 PM

Center City site where Little Pete's is located sold

Quote:

Plans for a Hyatt Centric hotel on the Chancellor Street property are moving forward.

An entity affiliated with Hyatt Hotels Corp. paid $25 million for a Chancellor Street property where Little Pete’s restaurant is located and a hotel is planned.

The Hyatt entity bought the hotel portion of the project for $18.54 million, a parking component for $4 million, and a retail portion for $2.46 million. The property spans 1612-34 Chancellor St.

The parcels were sold by an entity affiliated with William McNamara of Haverford Properties and Richard Zeghibe of Patriot Parking, according to Philadelphia real estate records. McNamara, managing member of the partnership that owned the site, couldn’t be reached immediately for comment. A representative from Hyatt, the Chicago-based hotel operator, also couldn't immediately be reached for comment.

Plans for the hotel and related uses have been controversial because it has meant the eventual closing of Little Pete’s, a popular diner that has been at the location facing 17th Street for nearly 40 years. The restaurant received notice that it will need to vacate its space by the end of August, according to a report in the Philadelphia Inquirer.

A new hotel has been in the works on the property since 2014 when Morgans Hotel Group Co. of New York announced plans to construct a $125 million, 300-room hotel. Those plans were ditched for a Hyatt urban brand called Hyatt Centric which is “designed to reflect its urban location and local culture.” The Hyatt Centric will stand 13 stories and total 234,798 square feet of which the hotel will be 190,904 square feet, a 13,157-square-foot will be retail and a 220-space parking garage will total 30,737 square feet. The hotel will have 309 rooms.

The Hyatt Centric will add to the already growing list of hotels under construction in Philadelphia. Center City has seven hotels totaling 1,864 keys in various stages of development, which is a 17-percent increase in hotel-room supply, according to data by Visit Philadelphia. Roughly 973 additional rooms in six additional hotels are in the planning stages.

There are people filling rooms at existing hotels as a result of more conventions, large-scale events such as the Democratic National Convention and a thriving hospitality and tourism industry. Occupancy of the city’s hotels were strong last year as a record 41 million visitors came to the five-county region last year, spending $6.7 billion, according to Econsult Solutions data.
http://www.bizjournals.com/philadelp...s-located.html

Daario Jan 4, 2017 8:47 PM

Any speculation as to where Little Pete's is going to move? It's always been one of my favorite spots in the area to hang out.

summersm343 Mar 7, 2017 12:26 AM

Little Pete's sets its closing date

Quote:

Pete Koutroubas​ confirms social-media chatter that Memorial Day - Monday, May 29 at 11:59 p.m. - will be the finale for Little Pete's, the landmark, 24-hour Center City diner at 17th and Chancellor Streets.

Little Pete's building has a date this year with a wrecking ball to make way for a Hyatt Centric hotel.
Read more here:
http://www.philly.com/philly/blogs/t...sing-date.html

jsbrook Mar 7, 2017 1:44 AM

Quote:

Originally Posted by Daario (Post 7667555)
Any speculation as to where Little Pete's is going to move? It's always been one of my favorite spots in the area to hang out.

Koutroubas said their search is focused on Fishtown, but the main thing they're looking for is cheap rents.

SEFTA Mar 7, 2017 8:59 PM

Does anyone know what the back of this project is to look like? I'm hoping it won't be a blank wall. The St James facade overlooks a beautiful church, rectory and yard

summersm343 Apr 28, 2017 1:20 AM

Fall 2017 start date for this according to the Center City District report:
http://centercityphila.org/uploads/a...2017-final.pdf

summersm343 May 25, 2017 12:51 AM

Little Pete's is closing Monday

Read more here:
http://www.philly.com/philly/blogs/t...sing-date.html

1487 May 25, 2017 12:31 PM

No demo permit for this garage yet.

jsbrook May 25, 2017 2:12 PM

Quote:

Originally Posted by 1487 (Post 7814779)
No demo permit for this garage yet.

Mmm...I live nearby and thought I had seen a permit. Though maybe not. The original demolition wasn't expected till August and Little Pete's could have stayed longer than it is. But I'll try to swing past today and scope out whether there is a permit up.

MikeNigh Jun 23, 2017 6:47 PM

Little Pete's being destroyed -

https://kek.gg/i/7W6KDt.jpg

summersm343 Jul 28, 2017 5:18 PM

7/27/2017

https://scontent-atl3-1.xx.fbcdn.net...f6&oe=59F883C1

https://scontent-atl3-1.xx.fbcdn.net...41&oe=59FD7726

1487 Jul 28, 2017 6:01 PM

looks like its about to go down

boxbot Jul 29, 2017 5:23 AM

All photos are vanished from the first page. I believe this is the current iteration.

http://i.imgur.com/tZypuma.png

http://i.imgur.com/ZsxES5i.png

http://i.imgur.com/74cpLR7.jpg

cjPhilly Jul 31, 2017 5:51 PM

It can't be overstated how much of an improvement this will (should) be.

summersm343 Sep 18, 2017 10:58 PM

Update from Building Philly

https://scontent-iad3-1.xx.fbcdn.net...b6&oe=5A405663

https://scontent-iad3-1.xx.fbcdn.net...c9&oe=5A57DF05

https://www.facebook.com/BuildingPhilly/

1487 Sep 19, 2017 12:11 PM

finally some visible signs of progress.

SEFTA Sep 19, 2017 1:03 PM

Is this taking just the white parking garage space or will it be occupying more than that?
Is it just the white garage being torn down?

Fairmount2Fishtown Sep 19, 2017 1:49 PM

Quote:

Originally Posted by SEFTA (Post 7926749)
Is this taking just the white parking garage space or will it be occupying more than that?
Is it just the white garage being torn down?


https://image.ibb.co/cMmsuQ/IMG_0721.jpg

Capsule F Sep 19, 2017 5:49 PM

Does anyone else think this building is a little Hyatt centric? Don't you think they should consider the viewpoint of some other hotel chains?

Knight Hospitaller Sep 19, 2017 6:25 PM

Yes, a supremacist/triumphalist brand name.


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