ULI Philadelphia Blog

Spring Meeting Tour: Changing the West Market Dynamic

ULI Spring Meeting icon sponsors, Brandywine Realty Trust and Liberty Property Trust, present “A Tale of Two Trusts: Changing the West Market Dynamic”

Two of the nation’s biggest homegrown and publicly traded REITs—Brandywine Realty Trust and Liberty Property Trust—are investing more than $2 billion in new construction and redevelopment of trophy towers in a five-block area by combining the best of sustainable, walkable, and transit-oriented development techniques.

Participants will see Brandywine’s 1919 Market Street, a 29-story contemporary residential and office building transformed as a joint venture with LCOR and CalSTRS and 1900 Market Street, a recently completed $25 million creative repositioning.

Participants will see the tallest building in Philadelphia, the 58-story Comcast Center, built by Liberty Property Trust and designed by Robert A.M. Stern. Named for its lead tenant, the Philadelphia-based cable giant, the building features retail and restaurant space and a connection to the regional underground rail system. The lobby’s Comcast Experience has become a global tourist attraction with its 2,000-square-foot high-definition LED screen.

Participants will see ongoing construction at Liberty Property Trust’s Comcast Innovation and Technology Center, designed by Foster + Partners. The 1.5 million-square-foot, 59-story tower will be the new tallest building in the city at 1,121 feet and the tallest in the United States outside New York City and Chicago. The building will include a “sky garden,” a Four Seasons hotel, a block-long lobby with a glass-enclosed indoor plaza featuring retail space and restaurants, and a concourse providing direct connections to the regional rail. This tower will be the home for Comcast’s growing workforce of IT professionals, engineers, and software architects, as well as operations for Comcast-owned NBC Universal and Telemundo. The tower will also offer space for technology startups.

For more information and to register please visit http://on.uli.org/1q6JTBK

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