Penn, Virtua will bring proton therapy to South Jersey

Penn Medicine and Virtua announced their plans to build a $35 million proton facility on Virtua Voorhees’ campus in southern New Jersey.

“Penn has established itself as a global leader in proton therapy both for the treatment of patients and the training of other medical professionals, and now we’re excited to spread that expertise to residents of South Jersey,” said Ralph Muller, CEO of the University of Pennsylvania Health System in a press release. “In partnership with Virtua, this center will usher in a new era of cancer treatment in South Jersey and give patients access to cutting edge care without having to come to Pennsylvania.”

The new center will allow patients to receive proton treatment, a less invasive form of cancer treatment than chemotherapy.

The center, which is expected to be completed by 2020, will be the first and only one of its kind in South Jersey.

These kinds of developments are what make the Greater Philadelphia region a global leader in life sciences and health care treatment.

Food company to relocate headquarters to New Jersey

Food company Chelten House Products Inc., which distributes organic dressings and sauces, is expanding their current office space and relocating their corporate headquarters to Gloucester County, New Jersey.

The company will be moving to a 209,437-square-foot building with the capacity to expand to up to 400,000 square feet.

While the Chelten House headquarters is relocating to Logan, New Jersey, it will maintain its presence at its current location in Swedesboro, New Jersey.

According to the Philadelphia Business Journal article, South Jersey is an attractive place for food manufacturers because of its proximity to the Pennsylvania and New Jersey Turnpikes, I-295, the Blue Route, and the Port of Camden.

The 11 counties of Greater Philadelphia as a whole are globally connected through the region’s infrastructure, the extensive supply chain, and distribution networks. With its highly skilled workforce and access to low-cost energy, the region is a top destination for food manufacturers.

Bucks County health system receives $10M donation

Doylestown Health Foundation, located in Bucks County, Pennsylvania, received two gifts of $5 million in order to support expansion projects at the hospital.

The donors, Alex and Patricia Gorsky and Richard and Angela Clark, were co-leaders of a fundraising campaign for the health system.

“Four generations of our family have been cared for at Doylestown Hospital — from the births of our grandchildren to the specialized geriatric services provided to our parents at Pine Run’s Health Center,” the Clarks said in a Philadelphia Business Journal article. “Through our outstanding personal patient experiences to the expert, world-class care we have witnessed for our family and received ourselves, we are proud to give back to Doylestown Health. This hospital is a gem in our community and we want it to thrive for future generations.”

There are numerous projects already underway, including a heart and vascular care center and community center. There will also be a future fundraising campaign for upgraded operating suites and a new outpatient center.

Doylestown Health is one 15 major health systems in the Greater Philadelphia region that collectively have over 100 hospitals throughout the 11 counties.

UD STAR Campus breaks ground on $156M biopharma institute

The University of Delaware’s STAR Campus started construction on their most recent addition, a $156 million biopharmaceutical institute.

The structure, which will be six stories and 200,000 square feet, is set to be completed by early 2020. Part of the building will be dedicated to the National Institute of Biopharmaceutical Research.

According to a Delaware Business Now article, the institute will be funded through a $70 million federal grant along with a cohort of 150 companies, educational institutions, and research centers.

The STAR Campus, or Science, Technology and Advanced Research Campus was once a Chrysler assembly plant that has since transformed into a 272-acre flourishing hub of innovation.

Equus purchases land next to Lansdale SEPTA Station

Equus Capital Partners recently bought the 6.7-acre parking lot that sits next to Lansdale’s SEPTA Station, with plans to construct a 181 unit, 15,500 square foot multifamily complex.

A subsidiary of Equus, Madison Apartment Group, will manage the property, according to Bis Now Philadelphia. The new complex will include a fitness center, an outdoor pool, and a package delivery room.

Equus’s purchase was made in order to capitalize on a growing trend of transit-oriented development in rural and suburban real estate that is aimed at being less reliant on cars and more reliant on public transportation.

Villanova to launch student-run real estate fund

The Daniel M. DiLella Center for Real Estate at the Villanova School of Business announced that they are creating a real estate fund that will be run by students, with a full launch planned for Fall 2018.

The funding will be entirely donor based and operate as a limited liability partnership. The fund has raised over $650,000 from alumni so far.

“This is taking it to the next level,” said Director of Daniel M. DiLella Center for Real Estate’s Jessica Taylor in a Philadelphia Business Journal article. “They’re going to truly understand the full investment process, what it takes to look for a good deal, invest in it, monitor it and understand when things go wrong … There’s not a better way to learn it than to do it.”

The fund is intended to prepare students for real-world investment situations, providing them with hands-on experience.

Three startups are streamlining healthcare at the Science Center

ChromaTan, InnaMed and Group K Diagnostics, three startups that are located at the Science Center’s Port incubator, are streamlining different aspects of health care.

ChromaTan, a biotech company that relocated from State College, PA, is working on a technology that will advance antibody therapies while mitigating the cost of products for manufacturing companies. They currently have a $2.5 million FDA contract that they are using to develop their research.

InnaMed has already developed one product, a kidney and cardiovascular test that improve heart failure management. They are currently developing a blood testing device that will allow patients to test their blood at home, making it easier for both patients and health care providers alike.

The third startup, Group K Diagnostics, is developing a low-cost technology that will serve as a diagnostic system via an app. Through the app, samples from patients can be tested in approximately 20 minutes, which cuts down time in sending bloodwork to labs.

All three of these startups are working out of the Science Center’s Port business incubator, which serves as a hub for emerging life sciences and technology companies.

“The Port connects its residents to Greater Philadelphia’s diverse and supportive innovation ecosystem,” stated the Science Center’s press release. “Over the last four years, Port residents have successfully raised more than $250 million in capital.”

The Port is one of over 65 incubators, accelerators and co-working spaces in Greater Philadelphia that enhance collaboration and spark innovation.

Amtrak reveals new design for 30th Street Station

A 30th Street Station overhaul has been in the works for over a year as a part of the 30th Street Station District plan that will modernize much of the University City area of West Philadelphia.

Philadelphia 30th Street Station District Plan, a partnership between Amtrak, Brandywine Realty Trust, Drexel, and SEPTA, recently released a set of renderings and descriptions of their plans for the 30th Street Station redevelopment.

“The refined concept includes … solutions to customer parking and drop-off locations, improves pedestrian flow around the station, enhances lighting for better security and visibility and provides safer walking and driving conditions,” stated the press release.

Additional renovations will include a grand entry into the West Underground Concourse, new restaurants and retail, and a new underground connection, which will connect the subway and trolley.

The entire plan is proposed to cost $2 billion and is expected to generate approximately $3.8 billion in taxes and create up to 40,000 new jobs.

Image courtesy of Amtrak

Major strides for Gateway Adelphia pipeline project

New Jersey Resources (NJR) recently announced their Adelphia Gateway pipeline project: 84 miles of 18-inch pipeline running from Lehigh County to Delaware County, PA.

This pipeline development will move natural gas to what is considered an underserved market in southeastern Pennsylvania. The development is likely to improve the availability and reliability of gas service to the Greater Philadelphia region.

NJR’s Adelphia Gateway project will repurpose the southern 50-mile portion of this existing pipeline to flow natural gas to the region’s consumer market.

“With the growing demand for clean, low-cost natural gas, Adelphia Gateway will play a pivotal role in delivering much needed supply to customers in the Philadelphia market, as well as providing value for our company and shareowners,” said Steve Westhoven, Senior Vice President of NJR Midstream, a subsidiary of NJR, in the press release. “Today, the Philadelphia market is constrained with limited access to affordable energy sources. With the Adelphia Gateway project, we look forward to applying our market expertise to serve customers and support economic development opportunities in the region.”

Because this innovative approach utilizes an existing infrastructure, it requires minimal new construction or impact to the environment, and can expedite the time to market. This development also enhances attraction for manufacturers and other industries that require access to consistent gas supply.

Moody’s report says Philadelphia is a top contender for Amazon HQ2

Philadelphia has been at the top of many lists predicting which North American city will be the future home to Amazon’s HQ2.

A recent report by Moody’s Analytics listed the top 10 cities most likely to win the bid based off of several categories.

“Based on Amazon’s stated preferences and our understanding of the relevant economic factors that determine a city’s desirability from a business location standpoint, we have ranked metro areas based on five broad categories: business environment, human capital, cost, quality of life, and transportation,” the report stated.

Philadelphia ranked 3rd on the list, while Austin, TX took first and Atlanta, GA took second.

But, the report specifies what they call a “geographic wild card.”

“If the geography category is included, Philadelphia moves from third place to first place and Pittsburgh moves up to second place,” the report quoted.

With the city making the tops of many lists, Philadelphia has a good chance of becoming home to Amazon’s HQ2.

Now it’s your turn to keep the momentum going by adding your voice to the chorus of organizations and individuals making the case that Greater Philadelphia is the perfect fit for Amazon’s second home:

  • Tell your #PhillyDelivers story – Using the #PhillyDelivers hashtag, activate your social media channels to help us tell Amazon why our region should be at the top of their list for HQ2.
  • Share the new website – Utilize this toolkit of videos and interactive data to expand the reach of the Amazon HQ2 messaging to your personal and professional networks.

As the next stage of the selection process progresses, we hope that Amazon sees what we already know to be true – that Greater Philadelphia is a great place to do good business.