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It's Pearl's second hotel in the heart of Center City Philadelphia and underscores the developer's continued commitment to the transformation of the City's Parkway corridor.
The 21st Century Redevelopment Program will launch as a pilot program with a total of $250,000 in funding available in the form of grants of up to $50,000 per recipient.
The firm, which issued multiple significant ownership and leasing announcements at properties in Manhattan, also released today sweeping redevelopment plans for its One Madison Ave. office building next to Madison Square Park.