Rivers Casino Philadelphia Partnering With Mixed-Use Development for Luxury Hotel
Rush Street Gaming, the possessor of Rivers Casino Philadelphia, has long planned a hotel for the urban center casino overlooking the Delaware River. Nearly 13 years after the gambling casino opened, Rush officials say the unfluctuating is finally ready to work the hotel to reality.
Rivers City of Brotherly Love is i of quint casinos inward the Philadelphia market, though 1 of only if ii that’s situated inward the city proper. Parx Casino is in nearby Bensalem, Valley Forge Casino Resort is in King of Prussia, and Harrah’s City of Brotherly Love is inwards Chester. Live! Casino Hotel Philadelphia inward the Stadium District is the other gambling casino in the city.
Rivers Philadelphia opened as SugarHouse inward Sep 2010. The property was rebranded inward 2019 to strike inwards business line with Rush’s other Rivers-branded regional casinos inward Pittsburgh, Des Plaines, Ill., and in Upstate New York inward Schenectady. Rush has since opened Rivers Casino Pompey inward Virginia.
During its licensing petition before the PA Gaming Control Board in 2006, Rush reps told nation regulators that its Philadelphia casino would one daylight characteristic an on-site hotel. Those plans experience been repeatedly delayed over the years, but the Chicago-based gaming operator announced this calendar week that a hotel is at long finally inward the works.
Power Plant Refurbishment
Rivers Casino City of Brotherly Love is set next to Penn Treaty Park. On the other side of the public greenspace is where PECO (Philadelphia Electric Company) ran the Delaware River Generating System, a force plant that opened inward 1921 and supplied most half of the city’s powerfulness before it was decommissioned in 2008.
The PECO power set was sold to Bart Blatstein’s Tower Investments in 2015. Blatstein, a Philly real land magnate who to boot owns the Showboat Hotel in Atlantic City, ab initio planned to renovate the readiness into an events space.
Blatstein folded on those plans amid the pandemic and eventually sold the holding to Lubert-Adler. Lubert-Adler is controlled by another prominent Keystone State businessman, Ira Lubert, who is trying to gain a casino license for a mini-casino at the Nittany Mall near Penn State University.
Lubert’s squad is moving frontwards with a mixed-use evolution for the former force plant. Dubbed The Battery, the coordination compound is to include residences, office space, events capabilities, and a hotel.
Rivers officials announced this week that the gambling casino is partnering with Lubert-Adler for the hotel portion of The Battery. The hotel is to feature article 62 sumptuousness guestrooms ranging inward size of it from 854 straight feet to suites measuring as big as 2,300 square up feet.
A hotel improver for Rivers Casino City of Brotherly Love has e'er been part of the captain project for our Fishtown property,” said Tim Drehkoff, CEO of Rivers Casino and Rush Street Gaming. “The location and grandeur of The Battery allowed us to conjoin a neighboring parcel, already inward progress, with historical Philly significance.”
The Battery is just a myopic paseo from the casino by path of the DE River Trail.
Investment Commitment
The Battery is a 500,000-square-foot redevelopment that, along with the hotel, is to include 171 residential units and 135,000 lame feet of office space. Lubert-Adler opened a leasing power in May.
The residences and hotel will follow complemented by a lobby coffee shop and vino bar, a co-working space, library, study, golf game simulator and putting green, indoor gym, and a rooftop pocket billiards with buck private cabanas and a lounge. Pier 61 will to boot provide an scoop gathering blank space for residents and guests on the Diamond State River.