PHILADELPHIA, PA – New York-based, private real estate developer, owner and property manager, Silverstein Properties and New York-based, global financial services firm and real estate investment company, Cantor Fitzgerald are partnering with Philadelphia-based, sustainable commercial development firm, University Place Assoc. to develop, operate and lease a state-of-the-art life sciences-enabled building in Philadelphia's University City submarket.
The project, titled 3.0 University Place, is situated in a qualified Opportunity Zone and a Keystone Opportunity Zone. The building's future tenants will benefit from significant tax incentives.
Encompassing a 250,000-square-foot, eight-story lab and office building, 3.0 University Place is pre-certified as a LEED Platinum v4 BD+C Core and Shell building. The property is also targeting a WELL v2 Platinum certification to focus on employee safety and wellbeing, maximum environmental sustainability and energy efficiency.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
