Move over Chicago and New York, downtown Philadelphia is commencing construction on a building to rival the Willis Tower and Empire State.

Liberty Property Trust and Comcast Corporation said the necessary paperwork has been signed and development is beginning on the Comcast Innovation and Technology Center, to be located on the 1800 block of Arch Street in Philly. This 59-story tower will be multifunctional,  featuring over a million square feet of office space for technologists, engineers, and software architects, a media center for broadcast TV stations NBC 10/WCAU and Telemundo 62/WWSI, a Four Seasons hotel and a block-long, glass-enclosed indoor plaza and restaurant leading to Comcast Center’s existing outdoor plaza. Pennsylvania Governor Tom Corbett expects the technological hub to revamp the city and create thousands of jobs in its establishment.

This video offers a sneak peek virtual tour, lifting architect Lord Norman Foster’s blueprints to life.  The Comcast Innovation and Technology Center is expected to be complete by first quarter 2018.

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New Street Drops Altice USA to ‘Neutral’

New Street Research is downgrading Altice USA to “Neutral” after a warning from CEO Dexter Goei that the provider would lose subs in 3Q21. “The stock is too cheap, even with 12-18 months pause in share

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