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Wednesday, November 19, 2008

Hill: American Commerce tower set for City Council approval

Despite objections from some of its Parkway neighbors, developers Garrett Miller and Hill International say the Philadelphia Planning Commission has approved zoning changes so it can build its 1,500-foot American Commerce Center in the 1800 block of Arch St. The proposal goes before City Council on Dec. 3 at 9 a.m. Release here.

If Council rolls, all they'll need are corporate tenants, and bank lenders, and an end to the recession, and Philadelphia will have a new tallest building, some years from now.
Posted by Joseph N. DiStefano @ 1:21 PM  Permalink | 6 comments
Comments   
  • 0 like this / 0 don't   •   Posted 1:40 PM, 11/19/2008
    Don't hold your breath!
    — Android
  • 0 like this / 0 don't   •   Posted 1:54 PM, 11/19/2008
    ROTFLMAO
    — The Real Cassandra
  • 0 like this / 0 don't   •   Posted 12:55 PM, 11/20/2008
    "Despite objections from some of its Parkway neighbors" WHO ARE *FAR* OUTNUMBERED BY AMERICAN COMMERCE CENTER SUPPORTERS, you mean. Some of the largest construction projects in history have taken place during recessions (even the Great Depression) - it's actually a good time to build because costs tend to be lower and then you're ready to open a few years later when the economy is growing again. Why does the Philly media seem to be so against this project? Afraid to be great? Philly is moving up again, and the American Commerce Center is another big step in the right direction.
    — jasonite74
  • Comment removed.
  • 0 like this / 0 don't   •   Posted 4:02 PM, 11/20/2008
    The sad thing is, I don't think most Philadelphians are small-minded sheep; it's just that the Philly media seems to support the small-minded sheep and give them all the press so it SEEMS as though they're the majority. I was at the Planning Commission hearing on Tuesday, and the truth is that there were a FEW geriatric oppenents of this project who live in Center City TOWERS that border the ACC property, but MOST of the people there - all ages, all colors, all demographics - are excited about and supportive of this project, and that includes many of the residents surrounding the ACC property.
    — jasonite74
  • 0 like this / 0 don't   •   Posted 9:38 AM, 11/21/2008
    Good people, it's the reporter's job to ask questions -- we're the Inquirer, not the Cheerleader -- the time to study objections is before approval, not after. -- It's fun to watch folks argue, but it's more instructive when they provide useful data. Have you polled the neighbors, or are you blowing smoke? -- I'm a business writer, and this isn't a faith-based enterprise. Where are the tenants, and who are the lenders? -- If this was easy, Carl Marks would have built its Philadelphia World Trade Center years ago, no? -- Regards, Joe D.
    — distefj


6 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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