Rendering of the high-rise tower to be built at Cira Centre South.
Brandywine Realty Trust and the FMC Corporation have a huge announcement today: FMC will have a new headquarters, and that headquarters will be called FMC Tower at Cira Centre South. The design, like that of the original Cira Centre, will be handled in part by Pelli Clark Pelli. According a press release sent this morning, the building will be the sixth tallest office building in Philadelphia at 650 feet and 47 stories.
It will consist of approximately 830,000 rentable square feet: 575,000 square feet of Class A office space, 10,000 square feet of retail space, and 260 luxury apartment suites with concierge services and market rate rental housing.
Groundbreaking is currently scheduled for mid-2014.
More details to follow… See here for renderings.
Brandywine Realty Trust will acquire One and Two Commerce Square on Market between 20th and 21st for a total price of $331.8 million–a $238 million mortgage and $69 million in cash.
At 41 stories, the first of the identical office towers to open, in 1987, was the second building in Philadelphia that rose higher than the William Penn statue atop City Hall. The second building was finished in 1992. Both were designed by Henry Cobb, a partner of I.M. Pei, who would later design the Constitution Center. Now the twin towers, as some call them, are a familiar part of the skyline, and are a feather in Brandywine’s cap.
The Philadelphia Business Journal’s Natalie Kostelni writes, “the acquisition solidifies Brandywine as the lead landlord of Center City trophy space.”
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Philadelphia has made the national news again–and this time it has nothing to do with a restaurant called Chink’s. Now the country is talking about the giant game of Pong that will be recreated on the facade of the Cira Centre for Philly Tech Week.
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