PHILADELPHIA-The developers of the American Commerce Center, a proposed 1,500-foot giant that would be the tallest building in the United States if completed before One World Trade Center in New York City, say the project isn't dead. "It's still in the works, and it'll be in the works until we find an anchor tenant," Garrett Miller, a partner of the Hill Opportunity Real Estate Fund told Philly.com's Joseph DiStefano.
Our own Philly 411 columnist, David Jacobs, said in May that there were rumors that a proposed hotel might get scrapped and the 1800 Arch St. development could shrink in height. The site is currently a parking lot.
Meanwhile, DiStefano reports that the people at Hill are raising $100 million to buy land at cheap prices. They expect to close a deal in three to six months.
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