For the first time in 50 years, the University Science Center will construct its first housing project this fall at 3601 Market Street. The 27-story apartment building is a joint venture with Wexford Equities and Southern Land Co.
The institution believes it is their duty as community developers to broaden the spectrum and encourage a lifestyle for vibrancy beyond 9 to 5. Establishing a 24/7 mixed used project would perhaps encourage the private sector to see future investment potential in the community and hopefully follow suit.
The center plans for 364 "market rate" apartments- studio, 1, 2, 3 bedrooms, plus 17,000 sq ft of ground-floor retail, 200 parking spaces, a fitness center, rooftop pool, and residential lounge. The units will hopefully broaden the appeal of the UC and Philadelphia innovation cluster enticing start-up companies to stay in the city instead of moving to the suburbs.
Groundbreaking is anticipated for Fall 2013 with an expected completion date in Spring 2015. The project is designed by BLTa architects with the goal of achieving LEED Silver certification. The building will be topped off with a green roof.
Source: Philly.com
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