The Met has been part of Philadelphia’s architectural and cultural history since 1908, when it was originally developed by Oscar Hammerstein I. Once it opens in late 2018, the redeveloped opera house will be operated by Live Nation as the largest concert hall in Philadelphia, with seating capacity of over 4,000. “D2 worked to partner us with the right lending sources for The Met that not only understood our vision for the project and could fund construction but also was interested in participating in the tax credit financing,” Blumenfeld said.
The financing was secured from Fulton Bank, PIDC, Procida, and Enhanced Capital on behalf of developer Eric Blumenfeld of EB Realty Management.
Photo credit: Atkin Olshin Schade Architectsĭ2 Capital Advisors, the transaction advisory affiliate of the D2 Organization, has successfully secured $56,000,000 in construction financing for the Philadelphia Metropolitan Opera House (The Met), a 39,200 square foot theatre which will be redesigned as a live entertainment venue on North Broad Street in Greater Center City, Philadelphia.
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