Category university city

Science Center to build a new 11-story tower

Starting next month, the Science Center will begin construction on a new building at the corner of 38th and Market.

Here’s your breakdown:

  • Mixed-Use Building in University City
  • 11 Stories
  • 272,700 Sq Ft of Usable Space
  • Anchor Tenants:
    • Penn Presbyterian
    • Good Shepherd Penn Partners
  • 88,000 Sq Ft slotted for Start-Ups, Tech Innovation, and Regional Economic Development
  • Ground Floor Retail

University City has literally blown up with public and private investment over the last decade or so. I actually found an old blog post from 2010 that talks about UC’s recent accomplishments.

If you want to learn more, here are some other interesting posts on University City:

An Oasis at Penn

Drexel Keeps Expanding

Degrees = Jobs

Brandywine Realty is planning for new development in and around Philadelphia

From city flats to suburban garden apartments, Brandywine is thinking ahead.

Center City, University City, and Plymouth Meeting are just some of the areas Brandywine has targeted for its next projects. High-rise, low-rise, and mixed-use all seem to be in the mix.

Office rentals in the Philadelphia region are still considered weak, but the good news is that you can get space in/around Philadelphia for half the cost of New York and/or Boston.

So where is the demand for Brandywine’s upcoming Philadelphia projects? According to their market research, Center City caters to students, service workers, and recent graduates who are sales, tech, and creative professionals, along with empty-nesters moving into the city from the suburbs. In other words, there is currently a healthy mix of diversity driving demand for downtown development.

More news to come on each individual project.

More rental high-rises are being built in Center City and University City

Rendering of Cira Center South

You have all heard me preach before that rental projects are here to stay … for the foreseeable future, that is.

As such, here is more proof that new rentals are in high demand in Philadelphia. 1919 Market St is about to get started, and it looks like Cira Center South is finally going to get built as well.

Very positive news for our local economy and the strength of Philadelphia’s downtown market!