Comcast Technology Center in the context of "Economy of Philadelphia"

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⭐ Core Definition: Comcast Technology Center

The Comcast Technology Center is a supertall skyscraper in Center City, Philadelphia. The 60-floor building, with a height of 1,121 feet (342 m), is the tallest building in both Philadelphia and the state of Pennsylvania and the tallest building in the Western Hemisphere outside of Manhattan and Chicago.

The tower is located on the southwest corner of 18th and Arch Streets, one block west of the Comcast Center, the headquarters of Comcast Corporation. A hotel, representing the highest hotel in the nation, and restaurant are located on the top floors. The building's central floors are offices for Comcast software developers and engineers, and the lowest floors have television studios and retail stores.

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👉 Comcast Technology Center in the context of Economy of Philadelphia

The economy of Philadelphia encompasses the city of Philadelphia, the center of economic activity in both Pennsylvania and the four-state Delaware Valley metropolitan region of the United States. Philadelphia's close geographical and transportation connections to other large metropolitan economies along the East Coast of the United States have been cited as offering a significant competitive advantage for business creation and entrepreneurship. Five Fortune 500 companies are headquartered in the city. As of 2021, the Philadelphia metropolitan area was estimated to produce a gross metropolitan product (GMP) of US$479 billion, an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, representing the ninth largest U.S. metropolitan economy. Philadelphia was rated by the GaWC as a 'Beta' city in its 2016 ranking of world cities.

Philadelphia has shifted to an information technology and service-based economy. Philadelphia and the Delaware Valley are a biotechnology hub. As of 2023, metropolitan Philadelphia had entered the ranks of the top five U.S. venture capital centers, facilitated by its proximity to New York City and its entrepreneurial and financial ecosystems. Financial activities account for the largest sector of the metro economy, and it is one of the largest health education and research centers in the United States. The city is also home to the Philadelphia Stock Exchange, owned by Nasdaq. Philadelphia's history attracts many tourists, with the Liberty Bell receiving over 2 million visitors in 2010.

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Comcast Technology Center in the context of John Hancock Center

875 North Michigan Avenue (formerly known as and still commonly referred to as the John Hancock Center) is a 100-story, 1,128-foot-tall (344-meter) supertall skyscraper located in Chicago, Illinois. Located in the Magnificent Mile district, the building was designed by Peruvian-American chief designer Bruce Graham and Bangladeshi-American structural engineer Fazlur Rahman Khan of Skidmore, Owings and Merrill (SOM). When the building topped out on May 6, 1968, it was the second-tallest building in the world after the Empire State Building, in New York City, and the tallest in Chicago. It is currently the fifth-tallest building in Chicago and the fourteenth-tallest in the United States, behind the Aon Center in Chicago and ahead of the Comcast Technology Center in Philadelphia. When measured to the top of its antenna masts, it stands at 1,500 feet (457 m).

The building is home to several offices and restaurants, as well as about 700 condominiums; at the time of its completion, it contained the highest residence in the world. The building was originally named for John Hancock Mutual Life Insurance Company, a developer and original tenant of the building, which itself was named for the U.S. Founding Father John Hancock. In 2018, John Hancock Insurance, years after leaving the building, requested that its name be removed; the owner is seeking another naming rights deal.

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