ACC Ascends Council

Wednesday, December 3, 2008

One day earlier than expected, the Philadelphia City Council voted unanimously to amend the zoning lot at 19th Street and Arch Street, site of the proposed American Commerce Center. According to The Philadelphia Inquirer, the council’s Committee on Rules voted 9-0 in favor of the rezoning.

As we wrote last month, this does not grant approval of the KPF-designed project. Instead, it simply changes the zoning of the lot from medium density commercial site with a 125-foot height limit to a super-dense site with no height limits, making way for the 1,500-foot tower, which would far surpass its neighbors. With zoning in hand, it is believed financing and tenants should begin to follow.

Still, the project must return to the Philadelphia City Planning Commission and the council for final approval within the year, lest the rezoning expire.

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