- Associated Press - Thursday, March 3, 2016

PHILADELPHIA (AP) - Drexel University officials have announced details pertaining to the Philadelphia school’s massive 20-year development plan to expand its reach into the city’s University City neighborhood.

The university has teamed with developer Brandywine Realty Trust to create a 14-acre, master-planned community. Dubbed “Schuylkill Yards,” the community will consist of entrepreneurial space, educational and research facilities, offices, residential and retail space and more.

President John Fry says he set out to expand Drexel’s campus in a “broader context.”

Initial phases of the project call for the development of mixed-use real estate on a 10-acre lot next to Drexel’s campus and adjacent from Amtrak’s 30th Street Station.

The partnership between Drexel and Brandywine gives the developer a long-term lease for the property while allowing the school first rights to space in Schuylkill Yards.



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