Drexel University and Brandywine Realty Trust will collaborate to create a 14-acre, $3.5 billion mixed-use space called Schuylkill Yards that will live in the heart of West Philadelphia’s transportation, education, and business district.
This development project, which is expected to be completed in the next 15 to 20 years, will be the largest in the city’s history and will include everything from spaces for startups and research labs to residential buildings, restaurants, and parks.
Along with bolstering the economic growth of the region, Schuylkill Yards is projected to enhance opportunities for Philadelphia residents. A strategic and integral part of the project is to provide jobs, housing, and education to the people living in the surrounding communities.
Philly.com published an article explaining the effects the Schuylkill Yards is projected to have on the region as a whole. This project is joining the queue of developments, designations, and events that are establishing Philadelphia as a city on the rise.