After a few setbacks, the former Family Court building by Logan Square could soon become a boutique hotel.
Work on the building could start as soon as next year, Peebles Corp. chief executive R. Donahue Peebles told Philly.com. He added that his company, which is overseeing the project, needs about $8.5 million more to start the construction, but that they’re working with local and state officials to find the money.
The building was originally slated in 2014 to become a Kimpton Hotel, and it would have been mostly preserved in the renovations due to its historic status, Curbed Philly reported at the time.
However, Peebles Corp., which secured ownership of the building that year, tried to fund it partly through the Federal Historic Preservation Tax Incentives program. They were later disqualified from the write-off because officials thought the project would severely alter the historic building, according to the Philly.com report.
The project is finally back on track, but could end up costing around $105 million, the site reported.