University of Pennsylvania Develops 30-Year Expansion Plan
The University of Pennsylvania (UPenn) and Sasaki Associates of Boston have created a $6.7-billion, 30-year expansion plan in Philadelphia. To be constructed with several third-party developers, the master plan includes medical, office, educational, housing, retail, and research space. UPenn is working with Atlanta-based University Partners on a $50-million multifamily housing facility to include 150 units and 40,000 sf of ground-floor retail. UPenn will develop other multifamily housing rentals nearby.