On Friday, February 3, Drexel’s Chesnut Street Project was featured in a Philadelphia Business Journal article by reporter Natalie Kostelni:
Drexel starts $97M project
Drexel University project will have retail and student housing.
Drexel University will break ground this month on a $97.6 million mixed-use development that will establish a new gateway to the school on Chestnut Street and be among the first projects that begin to transform its urban campus.
In what is a first for Drexel, the school entered into a private partnership with American Campus Communities of Austin, Texas, to construct three buildings totaling 361,200 square feet on land it owns on Chestnut between 32nd and 33rd streets. Under the agreement, American Campus has a 70-year ground lease with Drexel and will also manage the property.
To read the full story in pdf format, click here.
The project was also highlighted in a front-page story in the Philadelphia Inquirer on Saturday, Feb. 4. Click here to read the story.