Ballard Spahr lawyers are handling several transformative real estate deals in Philadelphia, ones that will change the city's landscape: the new Comcast Innovation and Technology Center in Center City, the Drexel University City Development, and Rodin Square, in the Benjamin Franklin Parkway district.

Alan S. Ritterband has led the team representing Comcast in its joint venture agreement with Liberty Property Trust and in the long-term lease of the 1.33-million-square-foot building at 18th and Arch Streets. Since Comcast was both owner and major tenant, the matter was especially tricky. “We were on both sides, so every time we did something we had to think of which hat we were wearing,” Mr. Ritterband said. “That was the hardest thing.”

Bart I. Mellits, Chair of Ballard Spahr's Real Estate Department, led the project for mixed-use development at Drexel; the deal closed this summer. The development will include research buildings and labs, office space for tech companies, residential space, retail space, recreational areas, and a public school. “The fact that we had a development site in the city of 14 acres, people couldn't believe it,” said Mr. Mellits. “The nature of the site alone is remarkable, plus the fact that it's in Drexel's backyard.”

Rodin Square, a mixed-use development with a Whole Foods Market, added retail space, and a 293-unit apartment building, was the first major project to gain approval under the city's new zoning code. “It's a very treasured location. The zoning and land use approvals are very difficult when you're in this district because there are many overlays and special requirements,” said Ballard Spahr real estate partner Philip B. Korb.

Related Practices

Mixed-Use Development and Condominiums
Real Estate
Real Estate Development and Complex Transactions