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by Michael J. Shapiro | September 21, 2011

Kimpton Hotels & Restaurants broke ground last week on the 268-room Hotel Monaco, scheduled to open alongside Philadelphia’s Independence Mall next summer. The project is an adaptive reuse of the 1906 Lafayette Building and is slated to include a signature 120-seat restaurant and 12,000 square feet of meeting and event space. A 3,200-square-foot ballroom will be on the ground floor, with windows facing Independence Mall.