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It's Official! CITC Breaks Ground

Philadelphia

You’ll always remember what you were doing when Germany beat Brazil. (Unless you’re a Brazil fan and you’re trying to purge it from memory.) And now you'll remember what you were up to when the Comcast Innovation & Technology Center broke ground. Liberty Property Trust announced this week that Comcast’s second tower is officially under way. While it won’t open until early 2018, it’ll bring a lot with it: 1.3M SF of office space—74% of it occupied by Comcast—and a 222-room Four Seasons Hotel. Liberty says it’s investing $185M in the nearly billion-dollar project, which also includes $40M in public grants for infrastructure improvements. Check out Bisnow’s previous CITC coverage here and here, and read Liberty VP John Gattuso’s take on how it will bolster Center City here.