Residential / Mixed Use

3801 Chestnut Street

A new 13-story building from Sterling Bay and Botanic Properties will bring over 300,000 square feet of lab, office space, and ground floor retail to the corners of 38th and Chestnut Street. The building will feature an energy-efficient design, 45 parking spaces on one floor of underground parking, plus parking for 58 bicycles. The building aims to welcome two food and beverage providers, with at least one offering breakfast and lunch for nearby employees. Developers plan to work with an artist to develop a mural on the western wall.

Developer: Sterling Bay and Botanic Properties

Location: 38 01 Chestnut Street

Size: 310,000 square feet

Completion: 2025

3935 Walnut Street Redevelopment

A mixed-use redevelopment project of the existing McDonald’s structure located at 3935 Walnut Street is planned by Penn as part of a broader ongoing investment by the University in the 40 th Street Corridor. A new six-story facility will be constructed, including the reopening of a fully modernized McDonald’s restaurant on the first floor of the building and the floors above serving as space for student life offices.

Developer: The University of Pennsylvania and Mosaic Development Partners

Location: 3935 Walnut Street

Size: 4,700 square feet

Completion: Summer/Fall 2024

4040-50 Walnut Street

Campus Apartments plans to upgrade its University City corporate headquarters with a new 12-story, 134-unit mixed-use development designed by Cube 3 Architects that will consolidate the company’s many offices in University City into one building. The project includes 22 parking spaces and 288 beds plus ground-floor commercial spaces along Walnut Street.

Developer: Campus Apartments

Location: 40 40-50 Walnut Street

Size: Phase 1: 161,115 square feet

Completion: Fall 2026