{"id":1004138522,"date":"2016-03-04T00:54:29","date_gmt":"2016-03-04T08:54:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004138522"},"modified":"2020-04-28T04:05:22","modified_gmt":"2020-04-28T12:05:22","slug":"drexel-and-brandywine-team-up-on-3-5b-project-in-philadelphia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/drexel-and-brandywine-team-up-on-3-5b-project-in-philadelphia\/","title":{"rendered":"Drexel and Brandywine Team Up on $3.5B Project in Philadelphia"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004138523\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/drexel.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004138523\" data-attachment-id=\"1004138523\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/drexel-and-brandywine-team-up-on-3-5b-project-in-philadelphia\/drexel\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/drexel.jpg\" data-orig-size=\"1000,676\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"drexel\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/drexel.jpg?w=1000\" class=\"wp-image-1004138523 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/drexel.jpg\" alt=\"Rendering of Schuylkill Yards, Philadelphia\" width=\"300\" height=\"203\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/drexel.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/drexel.jpg?resize=300,203 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/drexel.jpg?resize=768,519 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004138523\" class=\"wp-caption-text\">Rendering of Schuylkill Yards, Philadelphia<\/p><\/div>\n<p><strong>Philadelphia<\/strong>\u2014<a href=\"https:\/\/drexel.edu\/\" target=\"_blank\">Drexel University<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.brandywinerealty.com\/\" target=\"_blank\" rel=\"nofollow\">Brandywine Realty Trust<\/a>\u00a0are partnering to create Schuylkill Yards, a 14-acre master planned community in Philadelphia that will act as an innovative community.<\/p>\n<p>\u201cSchuylkill Yards will be a community, not a corporate campus,\u201d Jerry Sweeney, Brandywine Realty Trust CEO, told <a href=\"https:\/\/www.commercialsearch.com\/news\/\" target=\"_blank\">Commercial Property Executive<\/a>. \u201cIt will be a fully engaged ecosystem where magnificent physical spaces are simply the framework to accelerate intellectual creativity, academic research, commerce and community engagement.\u201d<\/p>\n<p>Expected to be developed over the next two decades, Schuylkill Yards will consist of 5 million gross square feet of <a href=\"https:\/\/www.commercialsearch.com\/news\/mixed-use\/\" target=\"_blank\">mixed-use real estate<\/a> on a 10-acre site next to\u00a0Drexel\u2019s\u00a0main campus and adjacent to Amtrak\u2019s 30th Street Station and Brandywine\u2019s Cira Centre.<\/p>\n<p>\u201cPhiladelphia has a rising reputation as a center for business, technology, and, of course, higher education and the medical arts,\u201d Sweeney said.<\/p>\n<p>The neighborhood will feature entrepreneurial spaces, educational facilities and research laboratories, corporate offices, residential and retail spaces, hospitality and cultural venues and public open spaces.<\/p>\n<p>Drexel University\u00a0conducted a national search advised by JLL\u00a0which resulted in the selection of Brandywine Realty Trust as the master developer for the site.<\/p>\n<p>\u201cDrexel\u00a0has always believed there\u2019s a superior use for this unique location\u2014essentially the 50-yard line of the Eastern Seaboard\u2014as a neighborhood built around collaboration and innovation,\u201d John Fry, Drexel president, said in a prepared release. \u201cThat\u2019s why the University assembled these parcels, and the time is right to put this vision into action.\u201d<\/p>\n<p>Schuylkill Yards will be the first project in\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/philadelphia\/\" target=\"_blank\">Philadelphia<\/a>\u00a0for both firms. According to Sweeney, Schuylkill Yards will undeniably transform Philadelphia\u2019s skyline as new towers rise on the west side of the Schuylkill River.<\/p>\n<p>Brandywine and\u00a0Drexel University\u00a0jointly selected the design team consisting of\u00a0SHoP Architects\u00a0and\u00a0West 8. SHoP Architects will handle the district planning and development of the architectural standards, and West 8 will be responsible for creating the public realm and development of the landscape standards.<\/p>\n<p>Longfellow Real Estate Partners has been selected by the partnership to create best-in-class life science labs and office space as part of the transformative 14-acre mixed-use collaborative neighborhood.<\/p>\n<p>\u201cLongfellow is honored to have been chosen by Brandywine to help develop the spaces where scientists, executives and other visionaries may very well change the world,\u201d Adam Sichol, Longfellow Real Estate Partners managing partner, said. \u201cLike other Longfellow projects, Philadelphia\u2019s innovation quarter also does much to weave together the greater community. We look forward to playing a role in supporting this remarkable city and the exceptional companies and individuals who will ultimately make Schuylkill Yards a model of success.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drexel University teamed up with Brandywine Realty Trust to develop a 14-acre master planned community in Philadelphia over the next two decades.<\/p>\n","protected":false},"author":451,"featured_media":1004138523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21783,21752,21742,10,1494],"tags":[],"class_list":["post-1004138522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-investment","category-mixed-use","category-latest","category-northeast","category-philadelphia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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