University City Science Center Announces New $15 Million Mixed-Use Tower

By Veronica Grecu, Associate Editor In less than one month the University City Science Center (UCSC) will break ground on a new mixed-use tower located at the corner of 38th and Market Streets in West Philadelphia. A $15 million joint venture between the University City Science Center and Wexford Science + Technology, a private real [...]

In less than one month the University City Science Center (UCSC) will break ground on a new mixed-use tower located at the corner of 38th and Market Streets in West Philadelphia. A $15 million joint venture between the University City Science Center and Wexford Science + Technology, a private real estate investment and development company based in Baltimore, the 272,700-square-foot tower will feature mainly outpatient medical facilities and ground-floor retail and office space, as well as laboratory space for start-up companies.

According to an official statement from the developers, the tower’s anchor tenant will be Penn Presbyterian Medical Center, one of Penn Medicine’s arms, which will occupy around 155,000 square feet of space for orthopedics and outpatient medical services.

Good Shepherd Penn Partners, an inpatient and outpatient rehabilitation program jointly created by Allentown-based Good Shepherd Rehabilitation Network and Penn Medicine, will occupy an additional floor-and-a-half in the 11-story building. The remaining 88,000 square feet will be used to support approximately 30 start-up companies and promote tech-based innovation and development in the region.

Designed by Zimmer Gunsul Frasca Architects of Washington in cooperation with UJMN Architects + Designers of Philadelphia to achieve LEED Silver Certification, the project is set for completion in mid-June 2014.

Rendering courtesy of Zimmer Gunsul Frasca and UJMN Architects + Designers