Comcast COO makes most expensive Philly rowhome purchase ever - Technical.ly Philly

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Aug. 11, 2010 4:13 pm

Comcast COO makes most expensive Philly rowhome purchase ever

Comcast COO Stephen Burke is the new owner of the 8,120 square foot, brick rowhome that is blocks from Rittenhouse Square Park and has been heralded as becoming the most expensive such purchase in Philadelphia history. Our friends at Brownstoner Philadelphia were the first to push out that the $5.85 million closing in May was […]

Comcast COO Stephen Burke is the new owner of the 8,120 square foot, brick rowhome that is blocks from Rittenhouse Square Park and has been heralded as becoming the most expensive such purchase in Philadelphia history.

Our friends at Brownstoner Philadelphia were the first to push out that the $5.85 million closing in May was marked as the city’s priciest. The 1817 Delancey Place property is listed as being owned by Stephen and Gretchen Burke, the COO’s wife, according to a 2009 Forbes profile. Another source confirmed on background that the new owners are the Comcast Burkes.

Burke has developed a reputation out of the proposed takeover of NBC Universal, as it has been asserted that Burke would help lead the uniting of the two companies and, as Reuters put it back in December, everybody loves Burke, even Warren Buffet.

In 2009, Burke’s total compensation package rang in at nearly $34 million, including a $2.3 million base salary, a $3 million bonus and $10 million in stock awards, according to Forbes.

In June, Burke’s boss, Comcast CEO Brian Roberts, made news by reportedly looking at Manhattan real estate. It’s nice to see Burke keeping it local.

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Christopher Wink

Christopher Wink is a cofounder and Editorial Director of Technical.ly, the local technology news network. In that capacity, he is a co-organizer of Philly Tech Week, Baltimore Innovation Week, Delaware Innovation Week and other events that bring smart people together. Previously, Wink worked for a homeless advocacy nonprofit and was a freelance reporter for a variety of publications. He writes regularly about news innovation and best business practices on his personal blog here and curates a personal monthly newsletter of ideas and links here. The bicycle commuter loves cities, urban politics and squabbling about neighborhood boundaries.

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