Morning Headlines: New Details on Comcast Skyscraper
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]
• Apartment, townhouse proposals discussed in Media [Delco Times]