HoB Philly Lands Lease

The City of Brotherly Love is showing some to House of Blues Entertainment with the announcement that lease negotiations have been finalized to open a Philadelphia outpost of the club/restaurant chain in the landmark Packard Building downtown.

Grasso Holdings and HoB completed the deal to open a new venue in The Packard Grande in summer 2007. House of Blues Entertainment is in the process of being acquired by Live Nation, which is expected to retain the brand name.

“We are committed to bringing a multi-faceted House of Blues entertainment venue to Philadelphia and we feel privileged to have been entrusted with assisting Grasso Holdings in preserving the rich heritage of the Packard Building,” Liam Thornton, senior VP of development for HoB, said in a statement.

“We’ve enjoyed great success in the region with the 2005 opening of House of Blues in Atlantic City and look forward to sharing our unique brand of hospitality with the greater Philadelphia community.”

The 40,000-square-foot venue will incorporate state-of-the-art sound and lighting systems, and an intimate wood-paneled lounge for special events and private parties inside what was once a bank vault.

Like other House of Blues clubs around the country, HoB Philly will include a full-service restaurant featuring Southern fare and local cuisine. The Sunday Gospel Brunch will be offered weekly, and the venue will sport exclusive member and VIP perks including a Foundation Room.

“I always knew that the House of Blues organization would be an incredible contribution to Philadelphia’s already enriched cultural offerings,” said Grasso Holdings CEO David Grasso.

“Because of all the various government approvals necessary it has proven to be an incredibly complex and a difficult deal that took much collaboration and patience on both sides of the table; however, through sheer persistence we were able to make our aspirations a reality.”

HoB is expected to open a club in Dallas in spring 2007 and a Houston venue in 2008.