Monday, July 14, 2014

University City High School Site Sold for $25.1M

The School District of Philadelphia has sold 3601 Filbert and 3724 Warren St. to Drexel University City Development LLC for $25.1 million.

The value is in the 14 acres of land, which is set for a $1 billion redevelopment project. The site formerly housed University City High School, Charles Drew Elementary School, and Walnut Center. The new plans include residential, retail, office, and possibly a new school.

Drexel University City Development LLC is a partnership between Drexel University and Wexford Science & Technology LLC.

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