Right, but that building was a conceptual design from 2016. The current plan could be different as the only thing revealed about this building is that it will have planned lab development, also directly from the site map
I see. thanks.
Seems like after the red building is built (2025), there are only two more parcels left for this phase. I saw somewhere there was a 2050 timeline to finish the phase over the tracks, but at this pace (barring future life changing world events) it appears it could be done more quickly.
Looks nice and adds to the general bulk of the skyline.
Yes it does! It can be seen from lots of views in Center City west, and it really stands with the towers around it
3151 Market Street rising fast. 3025 JFK, now known as Avira at Schuylkill Yards, has rentals leasing
Awesome news! Does this mean the red tower is up next after this one?
Welcome Mr. Pickle.
Thanks for the warm welcome! I’ve been lurking w/o an account here for like 2 years but finally decided to pull the trigger and sign up
Brandywine CEO Jerry Sweeney ‘reading economic tea leaves,’ won’t build next Schuylkill Yards tower on spec
Philadelphia-based Brandywine (NYSE: BDN) is relaunching marketing efforts for its planned 800,000-square-foot East Tower at 3001 John F. Kennedy Blvd., but it’s waiting to begin construction until the building is at least 50% pre-leased and the company has confidence in market conditions.
“Given its significant size, given the state of the overall U.S. economy, the volatility in interest rates and uncertainty in financing, we would not start that project without a significant pre-lease and visibility on both additional leases being signed and financing certainty,” Brandywine CEO Jerry Sweeney said, “because that project is simply too big for us to take on in this kind of climate.”
The 34-story building would include 550,000 square feet of office space and 250,000 square feet of life sciences space. Sweeney said marketing for the office space is geared toward financial services companies.
Waiting for lease commitments before beginning construction is a change from the first two buildings in the $3.5 billion, 14-acre Schuylkill Yards master-planned project that’s being developed in partnership with Drexel University. The first two buildings were built speculatively without tenants lined up in advance.
Jeez I just want the red tower to start already