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Real Estate - DECEMBER 14, 2020

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Silverstein Properties and Cantor Fitzgerald to develop life sciences project in Philadelphia OZ

by Released

Silverstein Properties and Cantor Fitzgerald have partnered with University Place Associates (UPA), a sustainable commercial development firm based in Philadelphia, to develop, operate and leaseĀ 3.0 University Place, a state-of-the-art life sciences–enabled building located in the rapidly growing submarket of University City. 3.0 University Place is located in a qualified opportunity zone as well as Keystone opportunity zone.

The 250,000-square-foot, eight-story lab and office building is a pre-certified LEED Platinum v4 BD+C Core and Shell building, also targeting WELL v2 Platinum certification, with a focus on employee safety and wellbeing, maximizing environmental sustainability, and energy efficiency.

ā€œWith more life science companies locating in Philadelphia, this project will greatly impact the industry’s growth in the city. We look forward to working closely with Scott Mazo and the UPA organization. This partnership offers us an opportu

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