Monday, December 23, 2019

The Canopy Philadelphia Center City to Open in Spring 2020

by John Jordan
National Real Estate Development LLC reports that it will be adding a new 236-room Hilton-branded hotel to its East Market development in Center City here.

The Washington, DC-based firm, which is the development arm of National Real Estate Advisors, has announced the addition of Canopy Philadelphia Center City, which will be part of the Hilton portfolio. The hotel is scheduled to open in the spring of 2020 at 1180 Ludlow St.
Designed by BLT Architects and being developed as an adaptive reuse of the historic Stephen Girard Building, Canopy Philadelphia will feature a signature restaurant and bar program, which will include an American brasserie with French influence. Additionally, amenities and services will include the Canopy Bike Program, a complimentary evening tasting of wine, spirits and beer, and approximately 3,600 square feet of indoor and outdoor meeting space.

“Canopy is thrilled to be joining the East Market neighborhood in Center City Philadelphia,” says Gary Steffen, global head, Canopy by Hilton. “Our hotels are located in the most desirable neighborhoods across the globe, so when it came time to determine a location for our new property here in Philadelphia, the choice was easy. East Market has everything visitors look for, including immediate access to world class shopping, restaurants, popular tourist destinations and public transportation.”
Launched in 2014, there are currently 12 Canopy properties open around the globe and more than 40 under development across 13 countries and territories.

Bounded by Market, Chestnut, and 11th and 12th streets, the East Market project has transformed the city’s primary east-west corridor into a full block of stores, popular restaurants, creative office spaces, including Design Center Philadelphia, MOM’s Organic Market, Wawa, Iron Hill Brewery, City Fitness, District Taco and WeWork. The project also includes two brand new luxury apartment towers—The Ludlow and The Girard.

The East Market project is owned on behalf of a client by National Real Estate Advisors, LLC; Joss Realty Partners, a New York-based private real estate investment firm; Young Capital LLC, a Philadelphia-based real estate investment firm affiliated with Classic Management, Inc.

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