New co-working space is Philadelphia’s largest

Washington, D.C.-based MakeOffices, a co-working company, opened its 1635 Market Street location earlier this month.

This is the company’s second location in Philadelphia, and it is now the city’s largest co-working space.

“The 57,000 SF footprint at 1635 Market outstrips even MakeOffices’ flagship location in D.C.’s The Wharf development, which will be 45,000 SF when it opens later this month,” quoted a Bisnow Philadelphia article.

The space contains 156 offices, eight conference rooms, and close access to SEPTA’s Regional Rail and subway lines.

MakeOffices’ newest space joins the 65+ incubators, accelerators and co-working spaces located throughout southeastern Pennsylvania, northern Delaware and southern New Jersey.

Rutgers-Camden opens $62.5M Nursing and Science building

Rutgers-Camden revealed the latest addition to its campus with a new $62.5 million Nursing and Science building in late September.

The 107,000 SF building will provide students with a Simulation Lab and a Basic Clinical Competencies Lab which imitate a realistic environment with access to up-to-date equipment.

“This building represents Rutgers’ first bold step in forging an ‘eds and meds’ corridor that moves us closer toward our vision of a city where innovation in health care and bioscience commands the imagination of the world,” Rutgers-Camden Chancellor Phoebe Haddon said in a New Jersey Business article.

The Nursing and Science building will continue to build upon the Greater Philadelphia’s strengths in clinical trials, personalized medicine, and gene therapy.

Philly named best place in U.S. to be a millennial

The millennial narrative is often one of financial struggles, college debt, and lack of home ownership and job stability.

A recent report by Trulia, however, paints a different, more realistic picture of millennials – one which shines a positive spotlight on Philadelphia.

Trulia examined adults ages 28 to 32 and 33 to 55, comparing the two groups on homeownership, employment, and income.  According to their findings, Philadelphia is the best places in the country to live if you’re a millennial.

“Philly is where millennials are #winning,” stated the report. “As of 2015, millennials are more likely to own homes, make more money and have jobs than their older peers in [Philadelphia].”

Although not cited in the report, factors such as low cost of living and extensive job opportunities point to early successes for millennials in Philadelphia.

Trulia isn’t the only one noticing the correlation between millennials and Philadelphia; a 2016 survey by Abodo found that out of all the cities in the country, Philadelphia had more qualities that millennials value than any other U.S. city. Factors such as high quality of life, education opportunities, and convenient location will continue to attract talented millennials to Greater Philadelphia.

Archer Group revamps office space

Digital marketing and advertising agency Archer Group recently moved into their new 27,000 SF, multi-floor office space.

Designed by Philadelphia architecture firm, NELSON, the new space features a hidden TV lounge, ping-pong tables, a stocked bar, and glass-walled conference rooms. The office is a huge upgrade from their previous location of 15,000 SF on King Street in Wilmington, DE.

Although the company currently has around 80 employees, the new office allows for up to 140.

Archer Group CEO Mike Derins prides the company on taking an innovative, Steve Jobs-like approach to a modernized workspace that helps employees stay creative.

“This reestablishes that we’ve been successful and gives us the confidence to know that we’re going in the right direction,” he said in a Delaware Online article. “We’re a nationally-respected agency that calls Wilmington home.”

Archer Group is one of hundreds of companies, such as Curalate and SevOne, which are leading the region in innovation in the advertising and digital media space.

CHOP sets record in genetic research breakthrough

The Children’s Hospital of Philadelphia (CHOP) made a technological breakthrough and now holds the world record for fastest time to analyze 1,000 genomes.

“It took two hours and 25 minutes for a team from the hospital, and the biotech company Edico Genome, to turn the pediatric DNA into data that researchers can use for medical innovations,” the press release stated.

CHOP is being honored by the Guinness Book of World Records for their achievement.

CHOP is ranked #2 children’s hospitals in the country by U.S. News and World Report and performed the world’s first pediatric double hand transplant in the summer of 2016.

Amazon HQ2: the case for Philadelphia

Late last month, Amazon made a huge announcement, stating that they were on the hunt for a new location for their next North American headquarters, Amazon HQ2.

Since then, cities across the continent have been scrambling to prove that they have exactly what Amazon is looking for.

While places like Denver, Boston, and Chicago are top of the list, none of them have the east coast location, affordability, and available space that Philadelphia has.

“Philadelphia’s got the superior location, midway between Washington and New York, the nation’s political and financial capitals,” said Inga Saffron in her op-ed on why Amazon should pick Philadelphia. “It’s one reason why Forbes thinks we’re the city to beat.”

Philadelphia has three sites that meet the requirements of Amazon’s RFP: Schuylkill Yards, uCity Square, and the Navy Yard. A team of Philadelphia representatives from across the city are working towards pitching these three locations to meet the October 19th deadline.

“We are collectively acting and thinking as one large community,” said Matt Cabrey, Executive Director of Select Greater Philadelphia in a article. “If this project ends up anywhere in Greater Philadelphia, we all benefit.”

Philadelphia has the talent, location, quality of life, affordability, and growth that Amazon is seeking, and we want them to come see for themselves why Philadelphia is the perfect fit.

Life sciences sector generates $88B in Pa. economy

KPMG’s study of the life sciences sector in the state of Pennsylvania revealed that life sciences generated $88.5 billion for the state in 2016 and supported more than 340,000 jobs.

The study, which was revealed at Life Sciences Pennsylvania’s annual conference, focused specifically on companies that specialized in human health.

“This report reinforces our optimism about the future of the life sciences in Pennsylvania,” said Christopher P. Molineaux, President and CEO of Life Sciences Pennsylvania in a Philadelphia Business Journal article. “We have a successful track record in securing prized federal funding, a talent pool second to none, and better proximity to capital and regulatory agencies and a low‐cost structure, in comparison to our competitor states.”

Philadelphia is a national leader in clinical trials, a pioneer for personalized medicine, and one of the largest life sciences hubs in the world; 80% of U.S. pharmaceutical and biotech companies have a presence in the tristate region.

Rowan ranks among best universities in the U.S.

Rowan has moved from a top regional university to a top national university.

U.S. News & World Report recently released their top universities in the U.S., ranking Rowan in several categories, including 19th for engineering, 90th for best public institutions, and 171th overall.

“These are truly exciting times for Rowan University,” said Dr. Ali Houshmand in the University’s press release. “The 2016-17 academic year was our most productive in recent history with four new buildings, tremendous growth in academic programs and more. Now, with increased national recognition, a groundswell of support from alumni and partner organizations, plus $1 billion in construction being planned, Rowan will continue to be on the rise.”

Other Philadelphia-area universities such as Villanova, Drexel, Princeton, and University of Pennsylvania were also ranked as top colleges in the U.S.

Downingtown might be getting their largest private investment ever

The Hankin Group, an Exton-based real estate management company, announced an acquisition of a 70-acre plot of land.

The land is in the works to become what is planned to be new residential structures, commercial space, a pedestrian bridge, and a new Downingtown train station.

“At completion, Downingtown will be the only borough in the region with AMTRAK, SEPTA, and Chester Valley Trail access in its downtown,” said Downingtown Mayor Josh Maxwell in a Vista Today article. The access to the trails, pedestrian bridges, and open space will continue to improve accessibility and make Downingtown an even better place to live, work, and raise a family.”

If the plan moves forward as expected, this plot of land will become the largest private investment in Downingtown’s history.

Image via Vista Today/Chester County Planning Commission

Holtec reveals new HQ office in Camden

Holtec International recently announced its opening of their new office building on its 50-acre campus in Camden, New Jersey.

The building, which will serve as Holtec’s headquarters, amounted to a $320 million investment at the former site of the New York Shipyard.

“We managed to design and construct a facility that supports the rapid growth rate of this international company,” said Paul Swartz, CEO of USA Architects, the designer of the headquarters’ office in a New Jersey Business Article. “Successfully joining forces toward Camden’s revitalization and the future seems brighter than ever for South Jersey.”

The company plans to hire 1,000 new employees by the end of a 10 year period.

Holtec’s relocation is contributing to the revitalization of Camden’s economy.