The University of Pennsylvania has formed a joint venture with Greystar Real Estate Partners for the mixed-use redevelopment of existing student housing at 3600 Chestnut Street. The project will provide 588 beds in 473 units of furnished, attainably priced, graduate-focused housing and a rich amenity base designed to serve the needs of today's Penn graduate students.
The redeveloped Sansom Place East will provide complete bed-to-bath parity, wherein each bed will have a corresponding private bathroom, including in the two-bedroom units. Each of the 473 units will also have its own washer/dryer. Greystar will also be delivering more than 12,000 square feet of state-of-the-art amenity space to include a fitness center, co-working lounges, a test kitchen, study rooms and large multi-function rooms. Additionally, Greystar will fully renovate the existing outdoor plaza with a deck, landscape, hardscape, and seating along with an indoor-outdoor connection to the new amenity space.
