The Lighting Practice is thrilled to see the continued growth of Philadelphia’s life sciences community in University City. Earlier this month, The Philadelphia Inquirer announced real estate partners Ventas Inc. and Wexford Science + Technology formed a joint venture with Singapore’s GIC Pte. Ltd. to continue the development of West Philadelphia life sciences projects.
The Lighting Practice is on the design team for several Wexford Science + Technology led uCity Square projects as well as lab/office interior fit-outs for life sciences companies located in the area.
Projects In-Progress:
- One uCity Square Core & Shell, Philadelphia, PA
Developers: Wexford Science + Technology; Ventas
Partner: University City Science Center
Architect: ZGF Architects - uCity Square Plaza, Philadelphia, PA
Developer: Wexford Science + Technology
Landscape Architect: Andropogon
Architect: ZGF Architects
- Drexel Academic Tower, Philadelphia, PA
Developer: Wexford Science + Technology
Partner: Drexel University
Architect: Ballinger
Projects Completed:
- 3675 Market Street Core & Shell, Philadelphia, PA
Developer: Wexford Science + Technology
Partner: The University City Science Center
Architect: ZGF Architects - Amicus Therapeutics Fit-out, 3675 Market Street, Philadelphia, PA
Architect: CRB - Spark Therapeutics Fit-out, uCity Square, 3737 Market Street, Philadelphia, PA
Architect: Jacobs
Singapore government fund joins $930M venture backing West Philly life-science projects
The Philadelphia Inquirer | 06 November 2020 | Jacob Adelman
The newly formed venture between Ventas and Singapore’s GIC Pte. Ltd. will own 1.4 million square feet of lab-and-research space across four projects.
Real estate trust Ventas Inc. has formed a joint venture with a Singapore sovereign wealth fund to finish developing $930 million in research and lab space, including projects on West Philadelphia’s uCity Square complex and with Drexel University, as the life-science sector proves resilient to a downturn in other property types.
