Drexel has taken the next step in its grand plans to transform the blocks between its University City campus and 30th Street Station.
Drexel University has selected Brandywine Realty Trust to develop an expanse of mostly school-owned property...into an enclave of offices, academic buildings, homes, shops and parks.
The 125-year-old university and Philadelphia's biggest office landlord plan to build about 8 million square feet of floor space - equal to about six-and-a half Comcast Center towers - over the next several decades, beginning with the redevelopment of a strip of parking lots and industrial buildings north of Market Street.
Drexel President John Fry and Brandywine's chief executive officer, Jerry Sweeney, were set to formally announce their plans for what will be known as Schuylkill Yards together at a Wednesday afternoon event.
"Drexel has always believed there's a superior use for this unique location - essentially the 50-yard-line of the Eastern Seaboard - as a neighborhood built around collaboration and innovation," Fry said in a statement ahead of the formal announcement. "The time is right to put this vision into action."
Original source: Philadelphia Inquirer
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