Real estate watchers are more tuned into the speculation about a third Comcast tower in downtown Philly this week after Malvern-based land developer Liberty Property Trust aired the first real evidence to support such a claim.
The two partners have acknowledged they bought property diagonally across from the under-construction Comcast Innovation and Technology Center, according to a Philly.com report.
Comcast’s Center City Innovation and Technology Center developed by Liberty Property Trust is currently under construction.“People have asked about this in the past,” Liberty CEO William Hankowsky said in the article. “We are acquiring some real estate at 19th and Arch. This is a great relationship and has yielded, I think for both parties, good real estate and good investments.”
The comment, made during an earnings conference call, stopped short of specifying what the companies plan to do with the land.
“There’s nothing around the corner,” he said.
Read more about who’s talking about the transaction and what’s fueling buzz about a third tower on Philly.com here.
This week Aqua America’s Nicholas DiBenedictus wrote a letter to the editor concerning Philadelphia’s special relationship with Comcast. You can find that here.
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Top Photo via Architect Magazine
