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The 180-room hotel is located between the tower building’s 48th and 60th stories. The Four Seasons Hotel Philadelphia also features 39 suites at the Comcast Tower that is the tallest building in the City of Philadelphia.
The property will serve as Fashionphile’s Northeast operations. In addition to its headquarters in Carlsbad, CA Fashionphile has brick-and-mortar studios in Beverly Hills, San Francisco, Carlsbad and New York City.
Colony Capital announced on Aug. 9th as part of its second quarter financial report that it has engaged advisors to market the company’s multi-billion-dollar industrial portfolio for sale, which may include the related management platform.
The renovation will open the top six floors to the public for the first time since the building opened in 1893. Marshall Field and Co. had historically used these floors for making furniture, clothes and its executive offices.
Apartment fundamentals in the Jacksonville MSA are solid. According to CBRE Econometric Advisors, employment gains in the market have been steady over the past few years and should continue to have a positive effect on the apartment market.