Monday, May 11, 2009

Planned Waldorf Astoria Philadelphia Is Officially On Hold

From the Inquirer:
The 58-story Waldorf Astoria Hotel planned for 1441 Chestnut St., next to the Ritz-Carlton in Center City, is officially on ice.

The $420 million project was to include upscale retail, a signature restaurant, seven floors of valet parking, and a spa, as well as 136 luxury condos, starting at $1 million, above a five-star hotel.
Before being put on hold, the hotel was scheduled to open in 2012. So that makes 2013 or 2014 the new best case scenarios for when this hotel could open here.

Don't hold your breath.

One piece of good news: Hilton's still committed.
"We're still committed to the project," said Kimo Bertram, director of development for Hilton. "We're in support of the developer to get the project finished."
Planned Waldorf Astoria Complex Put On Hold [ Philadelphia Inquirer ]

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