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Dranoff’s hotel and apartment project gets downsized

The project at Broad and Spruce will now only see residential units.

Developer Carl Dranoff’s proposal for the 45-story SLS International Hotel & Residences has undergone a big change in plans.

Instead of the 101 hotel rooms and 114 residential units that the developer was planning earlier this year, the project will now only see 107 residential units at Broad and Spruce, according to a report from Philly.com.

The report came out after a permit was issued to Dranoff Properties Inc. on Friday, which also saw the building’s height reduced from 608 feet to 542 feet, according to the article.

The news is the latest in a series of changes for the proposed development, which will go in at the now-vacant lot that once held Philadelphia International Records.

Last year, Dranoff applied to the Redevelopment Assistance Capital Program (RACP) for $19 million of the $240 million project, which would have gone toward the non-residential portion of the project.

Earlier this year, it came out that the project had only received $1.4 million of the $19 million they had requested, leading the developer to downsize the original idea to 101 hotel rooms and 114 residential units.

It’s not clear why the plans were downsized again. A spokesperson with Dranoff Properties Inc. did not immediately return a call for comment on the decision Wednesday.

  • Carl Dranoff now plans shorter tower at Broad and Spruce [Philly.com]
  • Dranoff SLS International Hotel and Residences needs $19M [Curbed Philly]
  • 13 new hotels in Philly [Curbed Philly]