Here’s a comprehensive look at all the development projects happening in University City

After a year of bang-up growth in 2019, take a look at the major real estate projects underway.

A map of University City with graphics of buildings in development featured on it.

by Paige Gross

Here’s a comprehensive look at all the development projects happening in University City

A look at development across University City. (Image via “The State of University City 2021” report)

One of the fastest-growing corridors in Philadelphia — thanks to a booming life sciences sector and ever-expanding higher ed institutions — is the stretch along and adjacent to Market Street in University City.

This fall, the region was named seventh in the country for top life sciences clusters, based on the region’s life sciences job base, the amount of lab space inventory and the amount of funding it attracts from investors and the National Institutes of Health.

We’ve ranked above New York City, Seattle and Los Angeles, and while Philly already had a lot of momentum in this industry, CBRE EVP Bob Zwengler told Technical.ly in October that the pandemic has pushed this acceleration even further. Some of the city’s largest life science tenants include Century Therapeutics in University City, with 32,000 square feet. The city has also seen an increase in construction with projects like One uCity Square, a mixed lab and office space coming early next year.

So where does University City stand when it comes to development? Each time you visit, the skyline might look a little different. That’s not just your imagination, as economic development nonprofit University City District shows in a recently released “State of University City 2021” report on the real estate development, higher education, innovation and “road to recovery” that the neighborhood currently has in the works.

Read the report 

More than 900,000 square feet of new development was added to University City’s inventory in 2019, the report found, and 29 development projects were underway. Take a look at what was recently added, and what residents and workers alike can expect from the neighborhood in the next few years:

Academic space

Commercial space

Medical space

Public space

Residential and mixed-use space