Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: Philadelphia-based Pearl Properties announced plans to develop a 26-story rental apartment building with retail on the first two floors at the corner of 19th and Chestnut Streets in Center City. Pearl Properties — which will require a zoning variance or a re-zoning ordinance to construct a building of this size on this site — will present …
Iconic New Comcast Tower for Center City; Four Seasons Hotel to Relocate; and Cheesecake Factory Eyes Walnut Street
Please enjoy this week’s edition of Capstone Law’s Philadelphia Real Estate Trends: As I first mentioned here last September, Comcast and Liberty Property Trust announced plans last week to develop an iconic 59 story, 1,121 sq. ft. skyscraper at 18th and Arch Streets in Center City. Designed by Foster + Partners, the “Comcast Innovation and Technology Center” will be the largest building in Philadelphia and the largest U.S. skyscraper outside of New York City and Chicago. …
Center City Adds Jobs and Perhaps New Office Towers
Rumor has it that Liberty Property Trust is close to announcing several new office towers that will be built for Comcast, adjacent to Comcast’s current headquarters in Center City. They allegedly retained famed British architectural firm Foster + Partners — who designed such landmarks as the Hearst Tower in NYC and the iconic Swiss Re tower in London — for this project, which is expected to transform Philadelphia’s skyline. Comcast may deny they …