Live! Casino & Hotel Philadelphia, an affiliate of The Cordish Companies, announced that Gilbane Building Company will serve as the general contractor for the new $700 million project. Live! Casino & Hotel Philadelphia plans to transform the area into the first integrated sports, entertainment and casino resort destination in the region. The 1.5 million square-foot facility will include 2,200 slots and electronic table games, more than 150 live action table games, an upscale 200+ boutique hotel, nationally-recognized restaurants and live entertainment venues, valet parking and an approximately 2,700 space parking garage.
Gilbane will lead construction efforts which involve total demolition of the existing Holiday Inn and adjacent buildings to make way for the new development. The Cordish Companies has committed to a groundbreaking Community Benefits Plan with the City that includes unprecedented goals in minority and local construction and hiring initiatives including opportunities for local, minority, women-owned and veteran-owned businesses, as well as the creation of approximately 3,000 direct and indirect construction jobs.
"Gilbane was a natural fit for this project because the team is so experienced in the hospitality industry and they bring a real understanding of our vision," said Joe Weinberg, managing partner of The Cordish Companies. "Their reputation for quality and dedication to excellence is a core value we both share and expect for a project of this magnitude. We look forward to getting started."
"We are excited to work with The Cordish Companies, one of the preeminent gaming hospitality and real estate developers in the nation, on building this transformative project for Philadelphia," said Shawn Carlin, vice president at Gilbane Building Company. "Our expertise in building complex, schedule-driven projects within Philadelphia has prepared us well for Live! Casino & Hotel Philadelphia. Through dedicated contractor information sessions we plan to partner with local, small and diverse businesses to help build this unique project. Ultimately, these partnerships will have a positive impact on our Philadelphia community."