A friend tells me that the building on the northwest corner of 15th and Locust in Center City - the one with the Bassett's Turkey on the first floor - will be torn down to make way for the Hotel XV/L. Demolition is slated to begin by the end of the year, and the new 18-floor, 144-room hotel will open in early 2010. The name is, of course, a play on its location, as my friend gleefully pointed out.
I'm not wild about the font they're using over the entrance in the rendering, but renderings are just make-believe anyway. All in all, it seems like this could be a swanky little place, and I also think it's a smart location for a new hotel.
Image: Real Estate Forum