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Breakthrough Properties Begins Construction on Philadelphia Life Sciences Center

Published 5/15/2023
Breakthrough Properties - 2300 Market
Breakthrough Properties - 2300 Market

Breakthrough Properties began construction in May of 2023 on an eight-story, 223,000-sf facility in Philadelphia. Designed by KieranTimberlake, the best-in-class life sciences building will offer sophisticated research environments for biomedical and pharmaceutical tenants. The purpose-built structure will feature open floorplates with highly flexible lab zones that can accommodate a wide range of programs. Hunter Roberts is serving as construction manager for the development, which will include collaboration spaces, elevated terraces, a fitness center, and a café and lounge.

Strategically sited near the vibrant University City innovation district, the sustainably designed project will benefit from excellent transit connections and is expected to achieve LEED Gold certification. A terracotta façade reclaimed from an existing building on the site will be reinstalled to maintain an authentic streetscape that blends the old with the new. D2 Capital Advisors arranged $130 million in construction financing for the facility, with Cushman & Wakefield acting as exclusive leasing agent. Completion is expected in late 2024.

Organization Project Role
Cushman & Wakefield
Leasing Agent