Construction on New Pattison Place Office Project Expected to Begin After Reaching Certain Level of Leasing Commitments
Comcast Spectacor and The Cordish Companies revealed details for Pattison Place, an $80 million office tower planned for a site adjacent to the firms’ Xfinity Live!project in the South Philadelphia stadium district.
Designed by Beyer Blinder Belle and BLT Architects, plans for the 200,000-square-foot office building call for a 4,000-square-foot lobby with 35-foot ceiling heights and 20,000 square feet of ground floor retail space.
Construction of Pattison Place is expected to create 1,670 new jobs and generate $295 million in economic benefits to the city and state over a 30-year period, according to the developers. They plan to begin construction after leasing a certain amount of space in the new project.
Blake Cordish, principal of The Cordish Companies, said in a statement, “Pattison Place will offer first class amenities in an unparalleled location amid Philadelphia’s professional sports teams.”
The building is located on part of the 47-acre tract of city-owned land that Comcast Spectacor has the right to develop under a long-term ground lease.
A subsidiary of Philadelphia-based Comcast Corp., Comcast Spectacor owns and operates the Wells Fargo Center arena and complex, as well as a portfolio of professional sports teams that includes the National Hockey League’s Philadelphia Flyers, the Overwatch League’s Philadelphia Fusion, the National Lacrosse League’s Philadelphia Wings and the Maine Mariners of the ECHL.