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Post Brothers Positioned to Reach Post-Grads in Philadelphia
Post Brothers has invested $250 million in Philadelphia’s University City neighborhood in the hope of attracting young professionals.
Drexel Launches RFP for Revolutionary Innovation Neighborhood in University City
As city authorities across the country try to boost business investment and encourage companies to relocate or consolidate their local footprint, a new economic development concept is taking shape. It’s called “innovation district” and it promotes the exact opposite idea of the Silicon Valley office park model: instead of having an isolated corporate campus located outside the city, local authorities—along with universities or big employers—are now looking to revitalize neglected areas within city limits and turn them into veritable neighborhoods where professionals can live and work.
American Campus Communities begins a $97.6 million mixed-use development at Drexel University; Marcus & Millichap lists a 137-unit asset in the Bay Area; and KeyBank provides $44 million in Freddie Mac funding for three communities.National 03 February 2012 20:00