Morning Headlines: New Details on Comcast Skyscraper

Groundbreaking on Philly’s tallest building looks imminent.

Rendering of CITC. Photo courtesy of Comcast Corporate.

Rendering of CITC.
Image via Comcast Corporate.

After getting the regulatory process over three months ago, construction will soon begin on the Comcast Innovation and Technology Center, a joint project between Comcast and developer Liberty Property Trust.

The future 18th and Arch tower will include a Four Seasons Hotel with 222 rooms, as well as office space for the broadcasting/cable bigwig, which, according to PBJ’s Natalie Kostelni, made some changes to its lease:

Comcast has expanded the amount of space that it will occupy. The cable giant signed a 20-years lease on 982,275 square feet, or about 74 percent of the 1.33-million-square-foot building. It had initially taken 957,000 square feet.

The 59-story structure, to-be the city’s tallest tower (and the tallest building outside of New York and Chicago), has a $933 million price tag, of which $40 million comes from public city and state funds. The latter amount “will go toward infrastructure improvements, such as extending the subway concourse.”


Comcast skyscraper construction begins; new details emerge [Business Journal]

In other news...

A generational divide in Graduate Hospital neighborhood [Changing Skyline]

Zombie houses - vacated but not foreclosed - haunt the market [Inquirer]

Architectural Gimmicks Can’t Make Casinos Safe Economic Bets [Next City]

Apartment, townhouse proposals discussed in Media [Delco Times]

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