Philadelphia’s construction boom of new medical and life-sciences facilities continues unabated, and another milestone has been reached earlier this month. Last week, University Place 3.0, an eight-story commercial and laboratory building under construction at 4101 Market Street in University City, has officially been topped out in an event celebrated with a ceremonial beam-raising and a series of speeches by prominent figures behind the project. 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 state-of-the-art Class A office and lab space, which will provide a significant boost to West Philadelphia’s rapidly-growing medical services industry, as well as ground-level retail space that will liven up the pedestrian experience.
3.0 University Place
Construction is making steady progress at 3.0 University Place, a major commercial develop situated at 4101-23 Market Street, on the fringe of University City, West Philadelphia. The building rise eight stories tall and yield 272,294 square feet of space, with the ground floor housing retail space. The upper floors will hold office and laboratory space. A green roof will be situated atop the building.
Site preparation is now underway at 3.0 University Place, a mixed-use development 4101-23 Market Street in University City, West Philadelphia. Upon completion, the building will rise eight stories tall. Retail and commercial space will be situated on the ground floor, with office and lab space located on the upper floors. The building will also include a green roof. In total, 274,294 square feet of space will be located within the structure.
Permits have been issued for the construction of 3.0 University Place, an eight-story, mixed-use building at 4101-23 Market Street in the West Powelton section of University City, West Philadelphia. Designed by the Sheward Partnership, the 274,294-square-foot structure will include retail and commercial space on the ground floor, with the office and lab space on the floors above. A green roof will be located atop the building. The permits provide for the construction of the core and shell, with other features requiring their own permits. The project will cost an estimated $14,793,930 to build.