Comcast developer, LF Driscoll face off in lawsuits over extra work at $1.5B Philadelphia tower

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  • A unit of developer Liberty Residence Belief is suing L.F. Driscoll Co., the basic contractor for the $one.five billion Comcast Engineering Center in Philadelphia, for $103.4 million in value overruns and routine setbacks that delayed the building’s lodge opening by two several years, The Philadelphia Inquirer reported. Driscoll, which was bought by the Composition Tone Organization (STO) in 2009, has submitted a $103 million countersuit in opposition to the developer, now a division of authentic estate financial investment have faith in organization Prologis Inc., in accordance to American City Business Journals. 
  • Liberty, which experienced partnered with Driscoll on prior substantial-increase initiatives in Philadelphia, maintains that there was a detrimental shift in the good quality of administration at Driscoll soon after its acquisition by STO, evidenced by $67 million of value overruns — which includes $21.five million associated to the 4 Seasons Hotel part of the setting up —
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