The builders behind Cira 2, like most other projected Philadelphia skyscrapers over the past decade, are counting on disgruntled New Yorkers to fill their proposed tower, not organic growth from Center City like the law firms and investors in the original, more modest Cira tower on the other side of Amtrak's 30th Street Station.
  Real estate lawyer and financier Alan Fellheimer learned that recently when, tired of paying Philadelphia’s business privilege tax, he asked his wife and business partner, Judith, to call Brandywine Property Trust about moving Fellheimer & Eichen LLP and a few dozen jobs to the proposed tax-advantaged Cira II tower on Penn’s campus.
  “They wanted $45 a square foot,” complain Fellheimer. “They plan to keep the entire tax benefit.” It’s a fat premium to the low-$30s asking price of Class A Center City real estate, according to the latest surveys from Studley and Grubb & Ellis.

  “There is no question that the rental rates for new construction will exceed those available in the inventory of existing buildings," says Brandywine CEO Jerry Sweeney. Center City landlords can afford to charge less, he notes, cause most of them bought the buildings they own for less than what they cost to build.

  But that's not the point, Sweeney adds. He said Cira II isn’t being pitched to the Fellheimers, but to companies outside the city, looking for a new building that would be a relative bargain by Manhattan standards, just over an hour from New York's Penn Station by Acela train, and part of "a world class 'city within a city'" on the Schuylkill.