It’s been a long time coming for University Place 3.0—the LEED platinum-certified sequel to University Place 2.0—but now it seems some forward steps are being made in the office building’s development.
Developer Scott Mazo revealed this week that they hope to break ground on the long-awaited structure in December of this year, according to Philadelphia Business Journal. Plans for the building were first announced in 2015.
The office building will be an $80 million project and will sit at about 180,000 square feet, PBJ reported. It’s planned for the site of the old Pep Boys at 41st and Market and will be the follow-up to the successful University Place 2.0, a LEED platinum certified building which opened at 30 North 40th Street in 2013.
When it opens, 3.0 will have 25,000 to 30,000 square feet of retail space, PBJ reports.