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Old Posted Mar 2, 2016, 10:17 PM
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summersm343 summersm343 is offline
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Location: Philadelphia
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Drexel, Brandywine to develop new $3.5B neighborhood called Schuylkill Yards

Drexel University and Brandywine Realty Trust unveiled Schuylkill Yards, a $3.5 billion new neighborhood that will be constructed over two decades and create a community focused on innovation.

Brandywine was officially named master planner on Wednesday for the development that will span over 14 acres and, at build out, consist of five million square feet of office, lab, residential, hotel, retail and open space.

“We’re always looking for game-changing projects and this project, Schuylkill Yards, is a game changer for the city, the region and a game changer for the commonwealth of Pennsylvania,” said state Sen. Anthony Williams. “The innovation will have a national impact.”

Brandywine (NYSE: BDN) is just starting the approval process, said Jerry Sweeney, CEO of the Radnor, Pa., real estate investment trust.
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