Potential Realized: Life Sciences in University City
Updated: May 9
ULI Philadelphia's Health & Life Sciences Council organized a panel discussion to explore the life sciences projects underway and completed in University City. The discussion focused on the current and future potential of life sciences in West Philadelphia and featured Anthony Maher, the President and Partner at UPA. Maher emphasized the potential for leveraging investment in the life sciences industry to create a more extensive economic pipeline of opportunities throughout Philadelphia.
Philadelphia has experienced remarkable growth in the life sciences sector in recent years, positioning the city as a hub for innovation and research in healthcare and biotechnology. This growth has attracted significant investment, leading to the establishment of world-renowned research institutions and companies. In addition to providing high-paying jobs, the life sciences industry has contributed significantly to the region's economic growth, creating vast opportunities for Philadelphia. With its strategic location, talented workforce, and supportive policies, the future of the life sciences industry in Philadelphia looks promising.
"It's about understanding the needs of the people who live and work in the community and find ways to make a positive impact in their lives." - Anthony Maher Partner/President at UPA
Maher discussed 3.0 University Place, the next life sciences building scheduled to open this year. 3.0 prioritizes sustainability and wellness, while providing an infrastructure purpose-built for lab use. With over 250,000 square feet, eight floors, and a 4,000 square foot green roof amenity space, it's clear that 3.0 has been carefully designed. The building features View Glass (Smart Glass), which allows for optimal natural lighting, and live green walls that boost employee morale. With these features, 3.0 provides an atmosphere that promotes wellness and enhances productivity. The building's innovative combination of sustainability, wellness, and community makes it a blueprint for future urban development.
3.0 University Place
250,000+ sq ft Class A, commercial lab and office building, a flagship of social and environmental responsibility, built for generations that demand both from its workplace.
4.0 University Place
550,000 sq. ft. innovative facility will host even more state-of-the-art laboratory and office spaces, GMP space, and vivarium capabilities, with retail on the ground floor.
After the ULI Philadelphia panel, Maher gave a group of attendees a private tour of 3.0 University Place. The tour started at one of the five ground-level retail units on Market Street and ended at the 4,000 square foot green roof amenity space.
ULI is a nonprofit research and education organization supported by its members. Founded in 1936, the Institute now has almost 45,000 members in 95 countries, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service – including leading property owners, investors, advisors, developers, architects, lawyers, lenders, planners, regulators, contractors, engineers, university personnel and students.