Brandywine realty trust announces joint venture with a global institutional investor for its planned 570,000 gsf mixed-use tower at 3025 jfk blvd within 14-acre, $3.5 billion schuylkill yards neighborhood

Philadelphia, feb. 03, 2021 (globe newswire) -- brandywine realty trust (nyse:bdn) today announced a partnership with a global institutional investor for its schuylkill yards west mixed-use tower at 3025 jfk blvd. 3025 jfk is planned to be the first vertical development within the 14-acre, $3.5 billion schuylkill yards innovation neighborhood brandywine is master developing in university city, philadelphia, in partnership with drexel university. the 570,000 sf project will cost approximately $287 million and will deliver 326 ultra-luxury rental residences, 200,000 sf of life science/innovative office space, 29,000 sf of indoor/outdoor amenity space and 9,000 sf of retail to the neighborhood. commencement of construction is planned for march 2021, with an anticipated project completion date of october 2023.
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