Plans have shifted for the Broad Street Diner site in South Philadelphia. Owner Michael Petrogiannis now intends to develop a 110-key Hyatt Studios hotel at 1135-43 S. Broad St., replacing his previous plan for a five-story, 31-unit residential building with restaurant space. The hotel will rise five or six stories and include surface parking.

The Broad Street Diner, built by Fodero in the 1960s, operated until 2007 before Petrogiannis reopened it in 2011. Its closure depends on the redevelopment of the former Melrose Diner site at 1501-1527 Snyder Ave., where he plans a residential building with a new Melrose Diner. Once that project is complete, demolition and hotel construction will begin.

*Article courtesy of The Philadelphia Business Journal

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