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American Commerce Center: Redefining the Philadelphia Skyline

Peter Kelsen was quoted in the Wall Street Journal on September 24, 2008 regarding the planned AmericanCommerceCenter.  Mr. Kelsen represents the developers, Hill International Real Estate Partners LP.

If built, it would rise about 1,500 feet high and include office, hotel and retail space, according to Mr. Kelsen.

Citing Hill's joint-venture relationship with a large pension fund, Mr. Kelsen said he's confident the group will have the financing. Developers also need some preleasing commitments and for the city to remove a height limit on the property, he says.”

"It's not going to be very colonial," Mr. Kelsen says, referencing the city's past architectural leanings.

The AmericanCommerceCenter would follow in the wake of the ComcastCenter’s success

“City's Property Market, at Least, Defies Curse” by Maura Webber Sadovi appeared in the Wall Street Journal on September 24, 2008.