It seems that developer Eric Blumenfeld will be the eventual buyer of the Divine Lorraine. From the Inquirer:
"We're certainly optimistic that [the owners] will transfer the property to Eric and his company so the building can be redeveloped," Alan Greenberger, the city's deputy mayor for economic development, said Friday.
Blumenfeld's plans for the Broad Street behemoth would be a mix of residential and commercial—the kind of redevelopment he's handled in that neighborhood before. The above video shows one of his North Broad conversions, Lofts 640, a building that also houses Marc Vetri's restaurant Osteria.
Blumenfeld's other area project may be more responsible than any other for the idea that North Broad is a viable corridor for development. He transformed a section of what was once known as Automobile Row into a culinary destination that includes Vie, Stephen Starr's Route 6 and Marc Vetri's Alla Spina.
Blumenfeld has talked about converting the land behind the Divine Lorraine into a campus for four local schools, but that's not the first thing on the agenda, according to the city. Getting the building rehabbed is priority No. 1.
· Developer vying to reacquire Divine hotel [Inquirer]