Philadelphia

Ground Breaking Set for Divine Lorraine

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} A long-awaited ground breaking on the $44 million redevelopment of the Divine Lorraine is scheduled for Wednesday afternoon.

EB Realty Management Corp. of Philadelphia is undertaking the project that will convert the former hotel on North Broad Street into 109 apartments and 20,000 square feet of retail space.
A rendering of how some of the retail space would look at a redeveloped Divine Lorraine.

Funding for the project came from Procida Funding Advisors’ 100-Mile Fund, the Philadelphia Redevelopment Authority, the state, Philadelphia Industrial Development Corp. and the city Philadelphia.

Read the full story here.


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