Report: Does Land Grab Mean a Third Comcast Tower Is in the Works?

Is it possible that Comcast could build a third skyscraper in Center City? Natalie Kostelni of the Philadelphia Business Journal reports that Liberty Property Trust has been quietly buying up “a series of properties at 19th and Arch streets,” further fueling speculation that the cable giant could eventually complete a holy triumvirate of towers. Reports Kostelni:

Another tower in that area would establish an expanded urban campus for the cable giant and continue to push the city’s Central Business District deeper into Logan Square.

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Morning Headlines: New Details on Comcast Skyscraper

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…

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Morning Headlines: Civic Design Review Committee Gives Thumbs Up to Comcast & Foster

Rendering of CITC. Photo courtesy of Comcast Corporate.

Rendering of CITC.
Photo courtesy of Comcast Corporate.

The Civic Design Review Committee may not have the final say as to which projects get the go-ahead, but yesterday their approval of Comcast’s proposed Innovation and Technology Center, designed by London architect Norman Foster, ended the regulatory process for the building. Developers are now permits away from commencing construction this summer.

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1,200 Acres of a College Campus Environment Lures Franklin Square to the Navy Yard

Rendering of Franklin Square Capital Parnters' new building at the Navy Yard

Rendering of Franklin Square Capital Parnters’ new building at the Navy Yard courtesy the Navy Yard.

Today marks the groundbreaking of the four-story, 80,050 square foot Franklin Square Capital Partners office building in the 1,200-acre Navy Yard, which continues to draw new companies that appreciate its focus on energy efficiency as well as a campus that feels more college and less corporate. As with the 11 other projects initiated by Liberty Property Trust/Synterra Partners at the Yard, this one will also be sustainably developed, aiming for a LEED Gold certification.

Franklin Square, which Forbes named 13th most promising company in America this year, will get a DIGSAU-designed building with views of the Philly skyline. It’ll have a ground floor glass pedestal and then floor to ceiling windows. The lobby will have “hand-chiseled Jerusalem limestone and Venetian plaster.” Dig that, DIGSAU. Franklin Square moved from the Cira Centre to get more room and to change the vibe for its 150 employees — a number that’s likely to grow. New amenities for those staffers will include a health-oriented cafe and a fitness center.

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