{"id":1004057628,"date":"2013-01-14T11:47:51","date_gmt":"2013-01-14T19:47:51","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=93910"},"modified":"2020-04-01T05:49:26","modified_gmt":"2020-04-01T13:49:26","slug":"27-story-apartment-tower-coming-to-university-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/","title":{"rendered":"27-Story Apartment Tower Coming to University City"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/3601-Market-Philly.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-93914\" title=\"3601 Market - Philly\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/3601-Market-Philly.jpg\" alt=\"\" width=\"239\" height=\"300\" \/><\/a>In fall 2013 work will start on a 27-story high-end apartment building located at the northwest corner of 36th and Market Streets in Philadelphia, replacing a parking lot owned by the University City Science Center. The project is backed by the Science Center\u2014the first and largest urban research park in the United States\u2014in a joint venture with Baltimore-based Wexford Equities and Southern Land Company of Franklin, TN. It will be the first residential development in the Science Center\u2019s 50-year history.<\/p>\n<p style=\"text-align: justify;\">\u201cThis new project will add an entirely new dimension to the Science Center and our campus. It will help us achieve our goal of \u2018activating\u2019 our campus and creating a dynamic environment in which to live, work and play,\u201d said Science Center President &amp; CEO Stephen S. Tang, Ph.D., MBA. \u201cAs we celebrate our 50th anniversary in 2013, we are looking to the future\u2014and the future of the Science Center centers on a vibrant 24\/7 community.&#8221;<\/p>\n<p style=\"text-align: justify;\">The 400,000-square-foot residential tower named 3601 Market was designed by local firm BLT Architects with the goal of achieving LEED Silver certification. According to an official statement issued by the University City Science Center, the project is estimated to be completed in two years.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/philadelphia-rent-trends-chart.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-93915\" title=\"philadelphia rent trends chart\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/philadelphia-rent-trends-chart.jpg\" alt=\"\" width=\"240\" height=\"185\" \/><\/a>Apart from the 364 market rate rental units\u2014which will range from studio to two-bedroom apartments equipped with stainless steel appliances, granite countertops, washers and dryers\u2014the building will also accommodate roughly 17,000 square feet of ground floor retail space, a green roof, a fitness center, a rooftop pool, a resident lounge and 200 parking spaces.<\/p>\n<p style=\"text-align: justify;\">Established in 1963 in Philadelphia\u2019s University City neighborhood, the University City Science Center is a provider of technology commercialization resources to businesses and programs that sustain new technology businesses. The Science Center occupies around 2,000,000 square feet along Market Street in West Philadelphia and is located near several academic and research institutions such as The Children\u2019s Hospital of Philadelphia, The University of Pennsylvania, Drexel University and The Wistar Institute.<\/p>\n<p style=\"text-align: justify;\">For more data from Philadelphia, <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-abandoned-projects-see-new-life-as-vacancy-in-philadelphia-trends-downward\/1004063207.html\" target=\"_blank\" rel=\"nofollow\"><strong>click here<\/strong><\/a>.<\/p>\n<h6 style=\"text-align: justify;\"><em>Rendering of 3601 Market courtesy of the University City Science Center<\/em><\/h6>\n<h6 style=\"text-align: justify;\"><em>Chart via Marcus &amp; Millichap\u00a0<\/em><\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In fall 2013 work will start on a 27-story high-end apartment building located at the northwest corner of 36th and Market Streets in Philadelphia, replacing a parking lot owned by the University City Science Center. The project is backed by the Science Center &ndash; the first and largest urban research park in the United States &ndash; in a joint venture with Baltimore-based Wexford Equities and Southern Land Company of Franklin, TN, and stands as the first residential development in the Science Center&rsquo;s 50-year history.<\/p>\n","protected":false},"author":258,"featured_media":1004505993,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004057628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>27-Story Apartment Tower Coming to University City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"27-Story Apartment Tower Coming to University City\" \/>\n<meta property=\"og:description\" content=\"In fall 2013 work will start on a 27-story high-end apartment building located at the northwest corner of 36th and Market Streets in Philadelphia, replacing a parking lot owned by the University City Science Center. The project is backed by the Science Center &ndash; the first and largest urban research park in the United States &ndash; in a joint venture with Baltimore-based Wexford Equities and Southern Land Company of Franklin, TN, and stands as the first residential development in the Science Center&rsquo;s 50-year history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-14T19:47:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-01T13:49:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3601-Market-Philly.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"27-Story Apartment Tower Coming to University City\",\"datePublished\":\"2013-01-14T19:47:51+00:00\",\"dateModified\":\"2020-04-01T13:49:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/\"},\"wordCount\":358,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/3601-Market-Philly.jpg\",\"articleSection\":[\"News\",\"Philadelphia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/\",\"name\":\"27-Story Apartment Tower Coming to University City - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/3601-Market-Philly.jpg\",\"datePublished\":\"2013-01-14T19:47:51+00:00\",\"dateModified\":\"2020-04-01T13:49:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/3601-Market-Philly.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/3601-Market-Philly.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/27-story-apartment-tower-coming-to-university-city\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"27-Story Apartment Tower Coming to University City\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\\\/\\\/x.com\\\/@VeraGrecu\"],\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/veronica\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"27-Story Apartment Tower Coming to University City - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/","og_locale":"en_US","og_type":"article","og_title":"27-Story Apartment Tower Coming to University City","og_description":"In fall 2013 work will start on a 27-story high-end apartment building located at the northwest corner of 36th and Market Streets in Philadelphia, replacing a parking lot owned by the University City Science Center. The project is backed by the Science Center &ndash; the first and largest urban research park in the United States &ndash; in a joint venture with Baltimore-based Wexford Equities and Southern Land Company of Franklin, TN, and stands as the first residential development in the Science Center&rsquo;s 50-year history.","og_url":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-01-14T19:47:51+00:00","article_modified_time":"2020-04-01T13:49:26+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3601-Market-Philly.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/"},"author":{"name":"Veronica Grecu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"headline":"27-Story Apartment Tower Coming to University City","datePublished":"2013-01-14T19:47:51+00:00","dateModified":"2020-04-01T13:49:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/"},"wordCount":358,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3601-Market-Philly.jpg","articleSection":["News","Philadelphia"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/","url":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/","name":"27-Story Apartment Tower Coming to University City - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3601-Market-Philly.jpg","datePublished":"2013-01-14T19:47:51+00:00","dateModified":"2020-04-01T13:49:26+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3601-Market-Philly.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3601-Market-Philly.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/27-story-apartment-tower-coming-to-university-city\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"27-Story Apartment Tower Coming to University City"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/3601-Market-Philly.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004057628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004057628"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004057628\/revisions"}],"predecessor-version":[{"id":1004406223,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004057628\/revisions\/1004406223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505993"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004057628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004057628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004057628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}