The Wistar institute, located in the heart of the University of Pennsylvania campus has begun construction on its planned expansion of the institute. The new facility will be replacing an older building in the middle of their Spruce Street complex. Construction should take about 2 years to complete.
structure while respecting the tradition and context of its urban campus.
Sister Cities Park
Civic support is now needed to help convince the Zoning Board of Adjustment to grant variances for height and the number of stories. While Stamper Square had received a change in zoning classification to C4 commercial, the change has expired. Toll a publicly traded company, did not need financing to purchase the property, which it bought last year. The developer hope to start construction in 2013 and finish about 18 months later.
The area has been under Philadelphia Redevelopment Autority control and slated for residential development for decades under the Eastwick Urban Renewal Plan. Korman has had the option to develop it for many years. But the renewal plan calls for single family housing, not multi-family, so Korman needs a zoning change to build as planned.
Kelsen said building the one- and -two-bedroom apartments will cost about $102 million and create 590 jobs during construction. After the 10-year tax abatement expires, it would generate $2.62 million in annual taz revenue for the city, and when the first phase is completed in 2013, Eastwick will have about 1,000 new residents.