Pennsylvania governor visits the Divine Lorraine Hotel, a historic tax credit project nearing completion in Philadelphia
September 20, 2017
The revitalization of Philadelphia’s Divine Lorraine Hotel, a historic landmark and longstanding source of civic pride, is nearly complete, and Pennsylvania Gov. Tom Wolf recently saw the progress for himself when he toured the project, a mixed-use development offering housing, shopping and dining within the iconic 10-story building on North Broad Street.
Federal historic tax credits financed through Enhanced Capital have been an important component of making this impactful project possible. The $44 million project hit another major milestone on Sept. 14 with the grand opening of the renovated Divine Lorraine Hotel lobby, featuring intricate molding, columns, a custom built grand staircase and marble flooring. The apartments on the floors above the grand hall echo its cathedral ceiling design and incorporate other historical elements as well. The first residents moved into the building over the past year, according to an article in the Philadelphia Business Journal.