March 27, 2017
By mid-2017, Drexel University and Brandywine Realty Trust aim to break ground on Schuylkill Yards, a $3.5 billion project that will further transform West Philadelphia into a 14-acre "knowledge neighborhood" and public destination.
Announced a year ago, the project fits into the larger framework of the city's plan to create a 30th Street Station District in the coming decades.
That plan, recently awarded for its visionary and "daring" design, will build around and beautify Philadelphia's growing regional transportation hub, shifting the Center City skyline westward as new high-rises emerge across the Schuylkill River. The project is expected to unfold in multiple phases over the course of the next 20 years.
One of those towers, shown in a new rendering at the Schuylkill Yards website, features a dazzling glass facade that rises seven stories.
In total, Schuylkill Yards calls for:
•987,000 square feet of innovation space
•2.8 million square feet of office space
•1 million square feet of office space
•1.6 million square feet of residential space
•247,000 square feet of hotel space
•132,000 square feet of retail space
•6.5 acres of green space and improved streetscape
As part of the Keystone Opportunity Zone, the developers project that Schuykill Yards has the potential to generate 25,000 new jobs
Check out a video on Schuylkill Yards from Brandywine Realty Trust.