Real Estate Development

Permits, groundbreakings, and cranes - development in University City continues to grow Philadelphia’s second skyline. Since mid-2022, 50 major real estate projects were completed, made significant progress, or moved closer to breaking ground, representing new inventory for residential, institutional, public space, medical, commercial, and mixed-use projects. Significant progress continues at three major long-term developments: uCity Square; Schuylkill Yards; and at CHOP’s expanding campus. Other key developments, including the new headquarters for Spark Therapeutics, the reimagining of the Provident Building campus at 4601 Market, and additions to Pennovation, made significant strides. All told, these investments, totaling nearly 33 million square feet in planned space, further cement University City’s status as a major regional hub for employment, research, and places to live.

Total New Construction Permits Issued in University City

Total New Construction Permits Issued in Philadelphia

Source: City of Philadelphia, Department of License and Inspections

Units of Multi-Family Housing

*Due

Source: City of Philadelphia, Department of License and Inspections