The University of Pennsylvania Health System has presented preliminary development plans for an 18.2-acre site it bought in Radnor, Pa., four months ago.
The health system is proposing to construct a $100 million to $120 million medical facility off King of Prussia Road that would total 250,000 square feet and take up just half of the property. The site can accommodate another 250,000 square feet. Penn Health plans to identify another developer to pursue building that portion of the property. What that space would be is still being explored.
“That’s a question we continue to work through,” said Kevin Mahoney, senior vice president and chief administrative officer for the health system. “Should it be a hotel that could provide someone a place to stay the night before surgery? Could it be offices? Senior housing would be complimentary to our building.”
For more business news, check out pbj.com.
