Major Developments Facilitate Greater Philadelphia’s Growth
Life sciences, technology, and manufacturing are three of the leading industries in Greater Philadelphia and recently announced major development projects continue to accelerate growth in these sectors.
Exelixis Inc. Partners with Brandywine Trust Realty to Develop East Coast Office
The California biotech company is targeting King of Prussia for its built-to-suit facility, citing the area’s convenient access to Greater Philadelphia and central New Jersey’s talent pool.
Regional Companies Partner to Develop $85 Million Cold Storage Facility in Philadelphia
The new cold storage facility in Port Richmond will be part of a larger $1 billion partnership between Philadelphia-based Real Estate Company, BG Capital, and New Jersey’s FreezPak Logistics, to build a network of cold storage distribution centers across the country.
Leading National Bank to Open Innovation Center in Center City
Capital One has leased nearly 22,000 square feet of space at 1735 Market Street, where it plans to hire 100 technology workers to solve challenging technology problems.
Mixed-use Development Project Bringing New Jobs and Economic Opportunity to Coatesville
The National Sports and Events Center (NSEC), which will cost $65 million to develop, is expected to introduce 350 new jobs, including 100 permanent jobs, and is estimated to drive $18.5 million annually in new direct spending after three years.
WuXi STA Breaks Ground for New Pharmaceutical Facility in Delaware
The WuXi STA Middletown site and new state-of-the-art facility will further enhance the company’s global drug production capacity and capabilities.