Saturday, March 28, 2015

American Commerce Center Gets Final Zoning Approval

City Council this afternoon gave final approval to zoning legislation needed to build the American Commerce Center, a 1,510-foot tower proposed for 18th and Arch streets. Mayor Nutter, who has supported the skyscraper, is expected to sign the zoning changes into law.

American Commerce Center Gets Final Zoning Approval

The proposed American Commerce Center.
The proposed American Commerce Center.

City Council this afternoon gave final approval to zoning legislation needed to build the American Commerce Center, a 1,510-foot tower proposed for 18th and Arch streets.  Mayor Nutter, who has supported the skyscraper, is expected to sign the zoning changes into law.

Next question:  Can developer Hill International Real Estate Partners scare up the money to build the $1.1 billion project while the national economy is tanking?  Peter Kelsen, an attorney for the developer, acknowledged the "challenging times" but said HIREP would not have sunk millions so far into the project if the firm was not committed to seeing it built.

"We feel cautiously optimistic that even with these economic times we can bring to bear this project and we have the resources to do so," Kelsen said.  The project includes a 1,210-foot office tower topped by a 300-foot spire and a 477-foot adjacent hotel, attached by a sky bridge over a public plaza below.

About this blog
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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