In order to provide additional assets on and around campus, without exhausting our own resources, we have attracted third-party, private capital for development projects ranging from mixed use to housing to research. The University maintains land control, however all of the capital for these projects is invested by the third-party developer. This allows the University to grow, while using its resources for the academic mission.
The University is strategic with their partnerships. If you are interested in developing on Penn’s campus, please contact Paul Sehnert, Director of Real Estate Development, at 215.573.6845.
Recently completed projects:
2006 - The HUB, with Teres Holding
New ten-story mixed-use residential and retail complex at the corner of 40th and Chestnut Streets.
2007 - Domus, with Hanover Development Company
Domus is an eight-story luxury apartment complex with 290 apartments, 23,000 square feet of commercial space, and a 6 story parking garage. Amenities include a heated outdoor pool, private screening room, WiFi Internet café, and a 24-hour concierge.
 |
 |
 |
2008 – Radian, with Inland American Communities Group, Inc.
The Radian is a mixed-use project on Walnut Street, between 39th and 40th Streets. The building consists of ground floor retail, a mezzanine of mixed use/retail, and 12 floors of market rate apartments for students.
 |
 |