Keep an eye out for the same trend to occur in University City as Schuylkill Yards provides more office and lab space for such companies to move into the region.Penn, Penn Medicine, CHOP, and the University City Science Center have been some of the main drivers behind the life sciences and medical development that has transformed University City into a hub for biomedical innovation.
The eastern side of University City is home to the Penn and Drexel campuses, several medical institutions, independent centers of scientific research, The University City neighborhood consists of 25,183 males and 25,783 females.
In the past year, 26 new development projects in University City opened their doors or made progress towards completion. The primary features of this area, which became known as "Superblock", are three high-rise apartment-style dormitories.WPC also guided several other redevelopments that directly benefited Penn and Drexel.Of particular interest for redevelopment have been the large rail yards near 30th St. Station, now owned by Amtrak. The report said local businesses employed 63,878, with educational services employing 53.1% of them and health care services 21%.
Students generate traffic by attracting small businesses and other mixed-use spaces. As development progresses, University City will expand both upward and outward.With this expansion comes a branching out into new industries. University Place Associates [UPA] is a leading sustainable and socially conscious commercial real estate development firm. All 342,000 square feet of this 14-story tower will serve as a retail, business, office, research, and development space. There are 32,935 white collar workers and 11,555 blue collar workers.The area is ethnically and economically diverse, although the compositions of its 12 census tracts vary widely; for example, the population in the mid-2000s of the easternmost tract was about half white and one-third Asian, while that of the northwesternmost tract was almost entirely black.Before the European colonization of the Americas, Philadelphia was home to the In 1677, William Warner purchased 1,500 acres (6.1 kmA small section on the northern side of this area was once known as Greenville.The arrival of electrified streetcars in the 1890s kick-started development to the west of 43rd Street, and bridges and a tunnel in the first decade of the 20th century allowed people to easily commute into Center City.In the mid-1950s, two realtors and Penn graduates coined the name "University City" in an attempt to attract Penn faculty back to the neighborhoods near Penn.University City's boundaries, as defined by the non-profit For decades, 40th Street was generally considered the "invisible campus boundary" between the residential neighborhoods to the west and the Penn campus to the east.Unit 3, the largest of the identified areas, spanned roughly from 34th to 40th streets and North of Chestnut to Lancaster and Powelton streets,Much of what is now the center of Penn's campus, including Locust Walk and Superblock, was part of the redevelopment of Unit 4.Over the course of 1968 to 1970 and with the assistance of the local redevelopment authorities, Penn acquired, cleared and redeveloped the four-block area between 38th, 40th, Spruce, and Walnut streets.
The Buerger Center for Advanced Pediatric Care at CHOP is another nearby 12-story development which was completed in 2015. Cambridge saw an influx of technology firms since the early 1990’s. While these businesses provide the area with an economic backbone, a shift is being made to much larger developments such as Schuylkill Yards. The project arises from a partnership between Drexel University and Brandywine Realty Trust and will transform 14 acres of University City near 30In its 15-20 year plan, the development is positioned to yield new towers totaling nearly 7 million square feet among other developments including We took a look at Cambridge, MA, home to MIT and Harvard, to obtain some insight on the life-cycle of academics-driven areas.