by John George
The University City Science Center said Wednesday it is about to begin construction on an 11-story tower at 3737 Market St. in West Philadelphia, for which Penn Presbyterian Medical Center will be the anchor tenant.The project is a joint venture between the Science Center and Wexford Science & Technology, is a private real estate investment and development company based in Baltimore.
The 272,700-square-foot building at the northeast corner of 38th and Market streets will feature outpatient medical facilities, ground-floor retail, and office and lab space for startup and growing companies.
Penn Presbyterian Medical Center, part of the University of Pennsylvania Health System, will occupy 155,700 square feet for orthopedics and outpatient medical facilities. In addition, Good Shepherd Penn Partners — a joint venture of the Penn heath system and the Good Shepherd Rehabilitation Network in Allentown — will occupy an additional floor-and-a-half in the building.
The Science Center and Wexford will control the remaining 88,000 square feet in the building for uses related to supporting tech-based innovation, entrepreneurship and economic development in the region.
Construction is expected to begin in September 2012 and the building, designed by Zimmer Gunsul Frasca Architects with UJMN Architects and Designers, is expected to be completed by June 2014.
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