Developers revealed the first major building at Philadelphia’s Schuylkill Yards, a $3.5 billion project for Drexel University.
Curbed Philadelphia reports that an exec from the developer, Brandywine Realty Trust, shared plans for a 700,000-sf property that will have a lab and offices.
The building will be one of the centerpieces for the project at University City, a section of the eastern edge of Philadelphia next to the Schuylkill River that houses Drexel along with the University of Pennsylvania and University of the Sciences.
With 14 acres of underutilized land and 6.5 acres of public space, SHoP Architects and West 8 will transform the neighborhood into an innovation hub. Schuylkill Yards will have a bit of everything: educational facilities, research labs, corporate offices, retail shops, and hospitality and cultural venues. The existing One Drexel Plaza will be turned into 1.3-acres worth of multifunctional public space.
“The plan envisions a new gateway to University City — one that is dynamic, diverse, open and inviting,” SHoP said on its website.
Along with the mixed-use buildings, the neighborhood will have 2 million sf of living areas, including one residential tower that will have both luxury and market rate units.
Developers expect Schuylkill Yards to generate economic growth for the city, due to its access to talented individuals and capital. A nearby Amtrak stop connects the district to cities in the Northeast Corridor, and it’s only seven miles away from the Philadelphia International Airport.
The lab and office building will not be completed until 2020 and the entire project will take 20 years to build.
Click image to enlarge.
Click image to enlarge.
Related Stories
| Aug 6, 2014
25 projects win awards for design-build excellence
The 2014 Design-Build Project/Team Awards showcase design-build best practices and celebrate the achievements of owners and design-build teams in nine categories across the spectrum of horizontal and vertical construction.
| Aug 5, 2014
Shigeru Ban-designed Aspen Art Museum will open doors to public this week
After 18 month of planning and construction, the museum will open its new Shigeru Ban-designed facility to the public on August 9.
| Aug 5, 2014
K-12 School Sector Giants: Pent-up demand finally produces movement in schools market [2014 Giants 300 Report]
After a long period of anemic performance, with growth mostly driven by renovations and additions, the K-12 sector is showing renewed interest in new construction, according to BD+C's 2014 Giants 300 Report.
| Jul 30, 2014
Higher ed officials grapple with knotty problems, but construction moves ahead [2014 Giants 300 Report]
University stakeholders face complicated cap-ex stressors, from chronic to impending. Creative approaches to financing, design, and delivery are top-of-mind, according to BD+C's 2014 Giants 300 Report.
| Jul 28, 2014
Reconstruction market benefits from improving economy, new technology [2014 Giants 300 Report]
Following years of fairly lackluster demand for commercial property remodeling, reconstruction revenue is improving, according to the 2014 Giants 300 report.
| Jul 28, 2014
Reconstruction Sector Construction Firms [2014 Giants 300 Report]
Structure Tone, Turner, and Gilbane top Building Design+Construction's 2014 ranking of the largest reconstruction contractor and construction management firms in the U.S.
| Jul 28, 2014
Reconstruction Sector Engineering Firms [2014 Giants 300 Report]
Jacobs, URS, and Wiss, Janney, Elstner top Building Design+Construction's 2014 ranking of the largest reconstruction engineering and engineering/architecture firms in the U.S.
| Jul 28, 2014
Reconstruction Sector Architecture Firms [2014 Giants 300 Report]
Stantec, HDR, and HOK top Building Design+Construction's 2014 ranking of the largest reconstruction architecture and architecture/engineering firms in the U.S.
| Jul 23, 2014
Architecture Billings Index up nearly a point in June
AIA reported the June ABI score was 53.5, up from a mark of 52.6 in May.
| Jul 21, 2014
Economists ponder uneven recovery, weigh benefits of big infrastructure [2014 Giants 300 Report]
According to expert forecasters, multifamily projects, the Panama Canal expansion, and the petroleum industry’s “shale gale” could be saving graces for commercial AEC firms seeking growth opportunities in an economy that’s provided its share of recent disappointments.
