Patriot-News
The Phillies announced this week that the two organizations will collaborate over the next several years.
“When I think about what makes Philadelphia unique, it’s our incredible fan base and tight-knit community. This project focuses on expanding that community and bringing in more residents, workers and visitors,” John Middleton , managing partner and CEO of the Philadelphia Phillies, said in a news release. “With the creation of new spaces and experiences, Philadelphians and visitors will have more opportunities to celebrate the passion and pride we have for our city and our teams.”
Phase one of the development project will involve lots located between Pattison Avenue and the Wells Fargo Center for which Comcast Spectacor already has development rights. This phase will include a new, mid-sized concert venue, hotel, retail shops and an outdoor plaza, as well as upgrades to Xfinity Live!. Phase one is expected to be completed in 2028.
Phase two will involve additional development around the Wells Fargo Center and will expand north of Pattison Avenue to lots currently controlled by the Phillies from Broad Street to Citizens Bank Park .
The concept for this phase envisions another hotel, residential units, more retail, restaurants, office space and significant green space. It also will include a dedicated “Phillies Plaza” adjacent to Citizens Bank Park that will provide gathering spaces and immersive experiences for fans.
The two companies will be partnering to seek approvals and the necessary development rights from the city of Philadelphia for phase two.
“John Middleton and the Phillies share a big and bold dream for what the future could look like for Philadelphia. John’s input and support of the vision has been so valuable from the very early stages, and our partnership with the Phillies will strengthen the ongoing growth and revitalization of the South Philadelphia community,” Dan Hilferty , chairman and CEO of Comcast Spectacor, said in the news release.
Financial terms of the partnership were not disclosed.
The entire project is expected to cost $2.5 billion , according to the Philadelphia Business Journal .
©2024 Advance Local Media LLC. Visit pennlive.com. Distributed by Tribune Content Agency, LLC.