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I've got no reason to doubt that Drexel and Brandywine know what their are doing, but the 'partnership' agreement between those 2 parties would be interesting to look at, well maybe to somebody who is well versed in real estate law. The whole Schuylkill Yards site seems to be a strange mix between Drexel and Brandywine. B certainly owns some of the properties outright, others are apparently owned by D but land leased to B, and then D owns others, such as the old Bulletin building, that who knows what B's stake is in that list of properties. For what it's worth, Penn has a large and very successful 'for profit' real estate arm, and in general a non-profit still has to pay all sorts of taxes on 'involvements' that make money. That apparently can get tricky when Penn rents out space in one of their academic buildings to café operation. Years ago when I did work for Penn the whole process of bidding and how the job was run and getting paid were completely different depending on whether the site was academic of run by their real estate department. |
I just hope one of these towers have an outdoor waterfall, like the one in China. Anyone else read about that new tower?
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Link for those interested https://www.reddit.com/r/CityPorn/co..._name=CityPorn |
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While I don't have any pictures yet, the park is coming along quite nicely. I have classes in the Bulletin building and construction has certainly started there too.
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Managed to snap a few pics on my way to class:
https://imgur.com/a/hAEKGyG https://i.imgur.com/Fi9OMHE.jpg Sorry for image size. I also talked to the receptionist and she says that construction on the Bulletin Building should start as soon as the park is complete, which is looking like Mid-November. She at least said that it should begin by the end of this year. |
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Good! Park looks like it's almost done. Should be nice next spring.
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^Until I see some tall, large ass trees -- it's just a lawn!
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First commercial tenant?
Spark Therapeutics to add up to 500 jobs in West Philadelphia expansion https://www.bizjournals.com/philadel...s-in-west.html Quote:
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That's big news. We should expect at least one building to move forward soon.
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I thought Spark signed a lease last December for space in the revamped Bulletin Building? Is this for the same space or are they building something entirely new?
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I won't be upset if they don't choose us for Chicago or even Raleigh.
I will be incredibly upset if they don't choose us for NoVa. |
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