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Comcast to Build $1.2B Skyscraper in Philadelphia

Massive Project Would Reunite Media Giant With Comcast Center Developer Liberty Property Trust
January 15, 2014
Comcast Corp., which completed and occupied Comcast Center, the tallest building in Pennsylvania, just five years ago, has announced plans for an even taller tower across the street.

The project reunites Comcast with Liberty Property Trust (NYSE: LRY) to jointly develop the $1.2 billion Comcast Innovation and Technology Center on the 1800 block of Arch Street in the city's Market Street West submarket. The proposed 59-story, 1,121-foot tower, designed by British architect Norman Foster, would shoot nearly 150 feet higher than neighboring Comcast Center, the company's global headquarters, itself one of the tallest buildings in the country outside of New York City and Chicago

In a statement, Comcast said the tower would become a dedicated home for the company’s "growing workforce of technologists, engineers, and software architects," as well as the base of operations of local broadcast television stations NBC 10/WCAU and Telemundo 62/WWSI. Comcast would also offer space for local technology startups.

Targeting LEED Platinum certification, the glass-and-stainless steel tower will encompass more than 1.5 million rentable square feet and include a new Four Seasons hotel.

It will feature a block-long lobby with a glass-enclosed indoor plaza tied to Comcast Center’s existing outdoor plaza. Comcast describes the project as "the largest private development project in the history of Pennsylvania."
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