New Office Tower Potentially Coming to 19th and Arch Monday, November 5, 2012
Developers from Liberty Property Trust met with representatives of the Planning Commission, Logan Square Neighborhood Association (LSNA) and the Kennedy House last month, about a proposal for a 22-story, 370 foot office tower to be constructed at the northwest corner of 19th and Arch Streets.
LSNA zoning chair Ed Panek said it’s too early to make comments regarding the project, which is still without renderings. He said it could become an issue with neighbors if plans don’t fit into the parameters the LSNA neighborhood plan.
The Philadelphia Business Journal reports Liberty quietly purchased the property, now a parking lot next to the Russell Byers School, from the Philadelphia Management Company (PMC) this summer. Liberty owns the roughly 1.5 acre catty corner to this location, where plans for the American Commerce Center failed to manifest. And PMC is currently developing the southwest corner at 19th & Arch.
Liberty built the Comcast Center and it's good to see them pushing for another Center City project. The two new buildings at 19th and Arch, could serve to strengthen a still-weak Center City commercial market. As things stand currently, there are various sites and parking lots that could be developed, some of which have been used in innovative ways, like the PHS Pop Up Garden across from Rittenhouse Square.
We’ll keep you posted as this project develops.