Philadelphia YIMBY’s recent site visit has observed that construction work is nearing completion at 3.0 University Place, an eight-story commercial and laboratory development under construction at 4101-23 Market Street in University City, West Philadelphia. Designed by the Sheward Partnership and jointly developed by Silverstein Properties, Cantor Fitzgerald, and University Place Associates, University Place 3.0 will offer 250,000 square feet of Class A office and lab space, which will provide a significant boost to the neighborhood’s rapidly-growing medical services industry, while ground-level retail space will liven up the pedestrian experience.
4101-23 Market Street. Photo by Jamie Meller. September 2023
4101-23 Market Street. Photo by Jamie Meller. September 2023
Upon completion, University Place 3.0 (also known as 3.0 University Place) will offer 30,000-square-foot floor plates and 15- to 18-foot slab-to-slab heights. The building will house curated wet/dry lab space, including an incubation lab co-working floor operated by Ben Franklin Technology Partners, as well as a floor for prebuilt 3,000- to 10,000-square-foot “Growth Pods” with three- to five-year leases for smaller companies. Tenants will reap tax incentives as well as the benefits of working in a pre-certified LEED Platinum v4 BD+C Core and Shell building, which is also aiming for WELL v2 Platinum certification.
3.0 University Place at 4101-23 Market Street. Rendering credit: The Sheward Partnership
3.0 University Place at 4101-23 Market Street. Rendering credit: The Steward Partnership
3.0 University Place at 4101-23 Market Street. Rendering credit: The Steward Partnership
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Congratulations 🎊 👏 💐
Tenants will reap tax incentives …. Why? Why are the people, companies and corporations continuing to get tax “incentives” while local residents are carrying the brunt of extreme tax hikes. That hurts home owners and renters.
Nice design & location.