Liberty Property Trust
Plans by Comcast Corporation to build a second massive skyscraper in center city Philadelphia cleared some early hurdles in City Council, even as a church neighboring the site voiced some misgivings.
Council president Darrell Clarke, who also represents the district where the tower will be located, says there will be meetings for residents to voice concerns.
A source says the cable-and-entertainment juggernaut is already outgrowing the Comcast Center, at 17th Street and JFK Boulevard, opened in 2008.
An agreement has been reached to develop the Philadelphia Navy Yard’s first hotel.
Glaxo’s 1,300 workers in center city, currently based in two Franklin Plaza buildings near 16th and Vine, will move to the Navy Yard Corporate Center by the end of 2012.
The project is partially funded with federal stimulus money, but officials are warning that funding is in jeopardy.