Hub Two
40th and Chestnut Street
Phase: Design
Planning Strategy:
The University has entered into a long-term ground lease with a local developer for the development of the asset. The developer operates the asset and pays the University rent for the land. The building will become University property at the end of the lease.
Program:
2,525 sf retail, 3 floors residential – 6 units/floor for a total of 18 units.
Total Project Cost:
$4,100,000
Area:
Approximately 14,000 GSF
Completion:
N/A
Developer:
Teres Holdings, LL
Architect(s):
Piatt Associates
Project Manager:
Paul Sehnert, Director, Real Estate Development
Esaul Sanchez, Real Estate Asset Manager
University of Pennsylvania,
Facilitates and Real Estate Services
Related Links:
The Hub Two