Exciting changes are on the horizon for Philadelphia with the proposed 76ers arena in Center City. However, one aspect of the project that may not come to fruition is a residential tower included in the initial plans. As the city council reviews the 76ers’ proposal, other housing and retail investments along Market Street could take priority, potentially putting the tower on hold.

During a recent public meeting discussing the arena project, Mayor Cherelle Parker and her administration made no mention of the 395-unit tower. Instead, they emphasized the addition of residential units on the south side of Market Street facing the new arena, with future phases bringing more housing projects to lots east of the arena.

Last year, the Sixers unveiled renderings of the proposed tower at the former Greyhound bus station site, highlighting a $250 million project with 20% affordable housing units. Concerns have been raised about the impact of the arena on surrounding real estate values, potentially displacing residents and businesses.

City Councilmember Mark Squilla shared that the proposed tower has faced opposition from his constituents, particularly in Chinatown. Despite efforts to offer affordable housing, concerns linger about the overall impact on the community.

The 76ers declined to comment on the tower, indicating a willingness to review feedback and potentially make changes to the project. Meanwhile, the city administration presented plans for various residential and retail developments along Market Street, including a hotel project on the corner of Eighth and Market streets.

Formal legislation on the arena project is expected to be introduced to City Council later this month, with public hearings and further reviews to follow. Squilla’s stance on the proposal remains neutral as he seeks input from constituents and collaborates with fellow council members.

Anne Kelly, Squilla’s chief of staff, emphasized the importance of housing in the development projects, particularly in addressing the need for affordable housing in the area.

With a commitment to community benefits, including funds for neighborhoods impacted by the project, the arena proposal aims to create a positive impact on the city. Whether or not the arena comes to fruition, the focus remains on building a stronger community through housing and development initiatives.

The Sixers are eager to move forward with the arena and aim to have the 18,500-seat facility completed by August 2031. Stay tuned for further updates as the project progresses.

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PhillyVoice staff writer Michaela Althouse contributed to this story.