The W Hotel proposed for 1441 Chestnut St. has secured all approvals to move forward, according to the hotel company and a construction-industry website that tracks such projects in the United States.
Construct-A-Lead, the online construction-projects database, reported earlier this week that the luxury hotel project was progressing and that "businesses interested in establishing early relationships and providing services relative to the project should visit construct-a-lead.com."
In the spring, construction is scheduled to begin on the 500-room hotel, which will offer a conference center, a pool and a fitness center among its amenities. Completion is set for January 2015.
The project secured a $400 million loan this week, according to the website, which provides information on all large-scale commercial construction projects in the United States to contractors, service providers, manufacturers, and related businesses.