From Tom Taylor's newsletter. (2 parts)
Entercom will build its new corporate HQ along the waterfront in Philadelphia.
And “in Philadelphia” is significant, because CEO David Field’s currently based in Bala Cynwyd, PA, literally across City Line Avenue from the City of Brotherly Love. That saves Entercom staffers from paying the city wage tax, among other benefits (like abundant free parking). But Philadelphia’s doing well economically and the Field family may like the idea of being a visible part of the city where they’ve lived for decades. (Company founder Joe Field has long been a local philanthropist.) The new headquarters location reported by the Philadelphia Business Journal will certainly be visible – right along the Schuylkill Waterfront, at 2400 Market Street. It’s an older building that was once an auto assembly plant and was recently used as a design center. It’s being rehabbed (and expanded) for the Aramark food services company, which is taking 300,000 square feet. The Business Journal says Entercom would lease about 60,000 square feet. But is that enough?
Entercom’s new HQ will house Philadelphia stations now at three different sites.
Sports WIP/94.1 is at Fourth and Market Streets in Philadelphia. All-news KYW/1060 is bunked down with former CBS sister KYW-TV. And country WXTU/92.5, classic hits WOGL/98.1, AC “Today’s 96.5” WTDY and talk WPHT/1210 are out on City Line Avenue – but not where Entercom’s existing headquarters is. Since its November 17 merger with CBS Radio, Entercom’s literally dealing with many different pieces of real estate (and leases) in Philadelphia. The Philadelphia Business Journal says Entercom’s using about 14,000 square feet at 401 East City Avenue – probably not enough for a growing company. The future corporate office/Philadelphia station space looks out onto the Schuylkill (“SKOO-kill”) River and its popular new River Trail. Across the river is the 30th Street Station used by Amtrak, which makes for a speedy 90-minute train ride into New York City or Washington DC. Pretty smart location. (Also convenient for staffers who use the local SEPTA train service.) Nothing official yet about the Schuylkill Waterfront location from Entercom – which may want to create a splash in the local media about committing to the city of Philadelphia.
Entercom will build its new corporate HQ along the waterfront in Philadelphia.
And “in Philadelphia” is significant, because CEO David Field’s currently based in Bala Cynwyd, PA, literally across City Line Avenue from the City of Brotherly Love. That saves Entercom staffers from paying the city wage tax, among other benefits (like abundant free parking). But Philadelphia’s doing well economically and the Field family may like the idea of being a visible part of the city where they’ve lived for decades. (Company founder Joe Field has long been a local philanthropist.) The new headquarters location reported by the Philadelphia Business Journal will certainly be visible – right along the Schuylkill Waterfront, at 2400 Market Street. It’s an older building that was once an auto assembly plant and was recently used as a design center. It’s being rehabbed (and expanded) for the Aramark food services company, which is taking 300,000 square feet. The Business Journal says Entercom would lease about 60,000 square feet. But is that enough?
Entercom’s new HQ will house Philadelphia stations now at three different sites.
Sports WIP/94.1 is at Fourth and Market Streets in Philadelphia. All-news KYW/1060 is bunked down with former CBS sister KYW-TV. And country WXTU/92.5, classic hits WOGL/98.1, AC “Today’s 96.5” WTDY and talk WPHT/1210 are out on City Line Avenue – but not where Entercom’s existing headquarters is. Since its November 17 merger with CBS Radio, Entercom’s literally dealing with many different pieces of real estate (and leases) in Philadelphia. The Philadelphia Business Journal says Entercom’s using about 14,000 square feet at 401 East City Avenue – probably not enough for a growing company. The future corporate office/Philadelphia station space looks out onto the Schuylkill (“SKOO-kill”) River and its popular new River Trail. Across the river is the 30th Street Station used by Amtrak, which makes for a speedy 90-minute train ride into New York City or Washington DC. Pretty smart location. (Also convenient for staffers who use the local SEPTA train service.) Nothing official yet about the Schuylkill Waterfront location from Entercom – which may want to create a splash in the local media about committing to the city of Philadelphia.
