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.
Schuylkill Yards is a bold vision that seeks to achieve many ambitions and is another sign of progress in an area that skeptics and other observers thought might never have happened during their lifetimes.
It is the creation of a new, mixed-use neighborhood in what had long been a desolate area of the city. More than that, it connects to other anchors, provides a network of open and green spaces within a sea of concrete, will attempt to attract companies and residents and, once completed, fill a massive gap in the city and provide another economic engine to Philadelphia.
“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.” Read more about the plan on PBJ.com.
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