Urban Land Magazine recently profiled the impressive designs for the $1.2 billion, 59-story Comcast Innovation and Technology Center, which is slated for completion in the first quarter of 2018. The Platinum LEED “soaring glass tower” will be a striking addition the Philadelphia skyline and feature factory-style lofts with as well as a Four Seasons hotel on the top 12 floors.
Located between the residential and social hub of Rittenhouse Square and the cultural area around the Ben Franklin Parkway, many experts, including The Harman Group’s President Kirk Harman, see this as a spark to stimulate real estate development.
Kirk sees the building as having the potential to alter the business mix of Center City, which has been dominated up to this point by legal, financial, and professional services firms. “If other tech companies follow Comcast into downtown, that could be big,” he says. In addition, Harman says he thinks that the influx of youthful technology talent from Comcast—and whatever other companies follow its lead—could spur an increase in construction of residential high rises in the neighborhood.
To read the full article, Philadelphia’s Tower of Tech Power, please visit Urban Land Magazine’s website.