by Natalie Kostelni
"Though a ceremonial ground breaking was held last month, construction begins today on a $72 million medical office building at 8th and Walnut streets in Philadelphia for Penn Medicine.
The 12-story office building will be constructed by Liberty Property Trust on top of a seven-story parking garage operated by Parkway Corp. of Philadelphia. It will be completed in less than two years. Liberty is based in Malvern, Pa., and Parkway brought the company in to partner on the project.
The building is the fourth and final phase of a development that started in 1984, according to Parkway. The parking company constructed the garage, which ended up being phase one of the overall project. At the time, it had envisioned developing twin apartment structures on the eastern and western sides of the building but that never happened. Instead, for phase two, Parkway converted a part of the garage to medical offices and Jefferson University Hospital occupies that space. The construction of Wills Eye Hospital’s 125,000-square-foot medical facility ended up being phase three. Once the medical building is completed, a total of 650,000 square feet will have been constructed."
http://www.omegare.com/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.