Tuesday, January 04, 2005

Philadelphia’s Tallest Building: Coming Soon

Liberty Property Trust will begin construction on One Pennsylvania Plaza, a 57-story, 1.2 million sq. ft. tower at 17th Street and JFK Boulevard (see story). Comcast will move their world headquarters to the facility, to be called the "Comcast Center". The project will cost $435 million and require approximately 4,500 construction workers and have a $1.4 billion economic impact on the Philadelphia region. Occupancy is expected in late 2007, with Comcast staff to grow by almost 50 percent to 1,900 at that time. Comcast was first incorporated in Pennsylvania in 1969. Comcast employs 10,000 in Pennsylvania and serves over 21 million cable television customers and more than 6 million Internet customers across the country. To the cynics who thought the project would never move forward, have a little faith in our great city.

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