Comcast Spectacor has presented plans in recent weeks for a massive mixed-use development at the South Philadelphia Sports Complex, the latest effort to maximize the land where sprawling parking lots sit.
The proposal comes as the Comcast Spectacor-owned Wells Fargo Center risks losing the Philadelphia 76ers as a major tenant and searches for additional ways to keep the team at the sports complex.
The master plan calls for 500,000 square feet of office space, 460,000 square feet of retail, a 5,500-seat concert venue, 2,000 multifamily residential units and 500 rooms across multiple hotels, according to materials from the presentation with a neighborhood group reviewed by the Business Journal. The development also calls for 10,000 garage parking spaces.