The University of Pennsylvania is one of the top academic institutions in the country, but in University City it also takes the role of real estate developer.
To be exact, there is $1.3 billion in construction currently underway at the Ivy League university, with $440 million more in the pipeline. The projects under construction include $772 million of new development, $388 million of reinvestment and renovations, and $133 million in projects underway by third-party developers.
*Article courtesy of Philadelphia Business Journal
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