There’s a reason people are flocking to Philadelphia. With the second largest downtown in the country and $6.7 billion worth of major development projects, it’s no secret that the city is experiencing a boom in business. From innovative ambitions to a vibrant social life, Philly has it all. Keep your eyes peeled over the next few years, because these spaces will be transforming more than just the Philly skyline.
Comcast Innovation and Technology Center
Philadelphia is growing up. The Comcast Innovation and Technology Center, to be finished in 2017, will be the tallest building (at 1,121 ft) in the U.S. outside of New York and Chicago. Spanning the 1800 block of Arch Street, the skyscraper will expand Comcast’s global headquarters and house NBC 10, Telemundo, and the Four Seasons Philadelphia Hotel. There will also be a new restaurant on the ground floor, as well as access to Suburban Station.
Cira Center South
The long awaited third and final tower is on its way to Cira Center South. The FMC building will touch the sky at 650 feet, adding some height to Philadelphia’s western skyline. In addition, the new space will feature the Cira Green, a one-acre public park on top of the existing parking garage, which will be connected by skybridge to the FMC Tower.
There’s a lot in store for the future of Market Street East, from revamping The Gallery, to adding digital signage, to the development of East Market. The initial phase will include a 17-story tower with 160,000 square feet of retail space and 322 apartment units. A 200,000 square foot family food court will also be renovated in preparation for more retail and office space. The block will include a pedestrian walkway, lined with restaurants and retail, that stretches all the way from Market Street to Chestnut Street. The development is expected to have a transformative effect along Market Street, resulting in a simply better-looking city.
The nation’s first naval facility, now occupied by 300 businesses, is expanding with a handful of new office buildings and a hotel. The master plan includes 6.2 million square feet of office and research space, 5.7 million square feet of industrial space, and 1,018 housing units. This buildout is expected to create 36,000 jobs, public transit links to both the airport and downtown Philadelphia, and an extensive new park.
Philadelphia is in the midst of an exciting outdoor overhaul. Finished projects include Dilworth Park, the Schuylkill Banks Boardwalk, and Spruce Street Harbor Park – but the excitement doesn’t stop there. With plans of an elevated rail park, revived piers along the Delaware River, and a redesign of LOVE Park, the future of Philly’s outdoor space is bright.
With such an impressive list of developments on the horizon, watch the skyline transform around our Philadelphia apartments. From record breaking skyscrapers to unconventional outdoor spaces, this city is brimming with possibilities.