The Pennovation Works (formerly known as Penn's South Bank) is located south of the Schuylkill River at the intersection of 34th Street and Grays Ferry Avenue. This 23 acre former heavy industrial site offers the opportunity to accommodate a variety of uses that support the academic and research mission of both University clients and third party commercial tenants.
The proposed plan for the Pennovation Works provides a long-term view of redevelopment with the understanding that incremental change and evolution will be necessary as the site is transformed. The plan, therefore, is designed to provide a flexible framework of circulation and open space that will organize both existing and future development.
The Pennovation Works anticipates aligning University-related research functions with private commercial enterprises seeking to operate in close proximity to the University and its neighboring institutions. The low density of this site is well suited to emerging research and tech-transfer development opportunities that may be physically impractical to construct in the core areas of University City, but would benefit from close proximity to University initiatives and for-profit companies.
Penn's success in fostering the growth of new companies through technology licensing and through partnerships with Penn and neighboring institutions will benefit from this fertile environment for entrepreneurial growth. The Pennovation Works will allow development that is complementary to the University City Science Center and yet differ in its focus on light industrial, flex-use, and buildings scaled to fit the need for practical commercialization and business opportunities in the region.
Planning and Design Principles
Redevelopment of the Pennovation Works will be informed by the following principles: