February 13, 2015
With the purchase of a series of properties at 19th and Arch streets in Center City, it appears that Liberty Property Trust may be working toward a third skyscraper for Comcast Corp., Philadelphia Business Journal reports.
Liberty is pursuing what could eventually amount to a block bound by 19th, Arch, Cherry and 20th streets. The location is cater-corner to where Liberty (NYSE: LPT) is developing the Comcast Innovation & Technology Center and is a stone's throw from the Comcast Center. Another tower in that area would establish an expanded urban campus for the cable giant and continue to push the city's Central Business District deeper into Logan Square.
Comcast said its focus is on building the Comcast Innovation and Technology Center.
Liberty most recently purchased 120-22 N. 19th St., a small two-story building occupied by the Support Center for Child Advocates. The organization has been buying other sites on the block, including two parking areas at 102-18 N. 19th St. and 100 N. 19th St.
The organization also has made propositions to buy the building that houses the Russell Byers Charter School at 1911-13 Arch St., a space that totals 55,000 square feet, according to the report.
