Update on 3.0 University Place : since Zurich Ins Group acquired 2.0 University Place, activity and interest for 3.0 UP has soared. Interest has come from several major companies in the region and lots of midsize companies too. It’s simply a matter of time. Shortly, we intend to engage a retail broker to assist Binswanger by pre-leasing the ground floor for much needed retail space.
Construction on the modernization of the four corner 40th & Market St transit hub is under full swing. It’s anticipated construction will be ongoing for another 12-18 mos. More exciting announcements are on the horizon for the evolution of the retail on both 40th Street and on Market St.
At University Place Associates, we’ve been taking the time to prepare for next steps internally. I will be talking more about the vision of a ” LEED Platinum Corridor”, a first in the US and in the world…and what that might mean and do for Philadelphia and University City.
I hope each of you are well…..appreciating and enjoying life. I look forward to writing to you again.