7
WHERE IDEAS CONVERGE. A Development of BRANDYWINE REALTY TRUST

A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

WHERE IDEAS CONVERGE.

A Development of BRANDYWINE REALTY TRUST

Page 2: A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

SCHUYLKILL YARDS | 3

INTRODUCTION

Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically created from the ground up by Brandywine Realty Trust, who was designated as master developer by Drexel University, the project’s primary landowner. As part of the larger Philadelphia innovation ecosystem expanding on both sides of the Schuylkill River, the location in University City is unmatched because of its connection between the city’s economic and education centers, while sitting at the region’s major transportation hub. This nexus drives economic activity and growth for the city, and is buoyed by access to talent and capital. As curators of the neighborhood, Drexel and Brandywine are committed to embracing a culture of ideas and to ensuring that this community of startups, established companies, researchers, artists, residents and visitors is inclusive and diverse so that innovation, creativity and opportunity is available to all.

Page 3: A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

4 | SCHUYLKILL YARDS SCHUYLKILL YARDS | 5

92Walk score

95Transit score

97Bike score

11MPassengers in 2015

3RDBusiest Amtrak Station

71%of University City residents

walk, bike or ride public transit to work

#1Big city for bicycle

commuting in America

20Minute median

resident commute time

1+Hours to NYC

1.5Hours to DC

18Minutes to travel

NEW YORK CITY

WASHINGTON DC

AMTRAK

NO

RTHEAST CORRID

OR

#1Top city in US for millenials

64%Of college graduates

stay in the region

40%Millenial population of

University City

1,650Institutions participating with

Drexel Co-op Program

56%University City residents have Bachelor’s degree

or higher

77KTotal University City

employment

54KLife sciences workers

in Philadelphia

HUMAN CAPITAL

As Schuylkill Yards becomes the center of Philadelphia’s innovation economy, University City’s remarkable student population will feed the growing demand for a highly educated and skilled workforce.

REGIONAL CONNECTIVITY

Philadelphia’s 30th Street Station is the third-busiest Amtrak station in the

country. It houses direct connections to Amtrak, SEPTA and NJ TRANSIT, and is a nexus

for dozens of local and regional bus, subway, and trolley routes, which bring tens of thousands of people

into the city every day. It is estimated that over the next three decades, renewed interest in rail travel will bring twice

as many people into this already bustling transportation hub.

PHILADELPHIA

Page 4: A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

6 | SCHUYLKILL YARDS SCHUYLKILL YARDS | 7

QUALITY OF LIFE

Schuylkill Yards is a thriving community that combines living, working, and fun. It is a place to enjoy a wide array of amenities and amazing skyline views.

N

PHILADELPHIA

N

268 Restaurants & Bars in University City

OVER 1000 Hotel Rooms

88% Retail ground floor occupancy

30TH & MARKET Highest hourly pedestrian counts in University City

Photo by Chris Richman, courtesy University City District

Page 5: A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

8 | SCHUYLKILL YARDS SCHUYLKILL YARDS | 9

30th Street Station

Chestnut Street

Schu

ylki

ll Av

e

Market Street

JFK Blvd.

SchuylkillRiver

JFK Blvd.

Chestnut Street

teertS dn23

N

Market Street

Ludlow Street

teertS ts13

teertS ht03

S

teertS ht03

N

0 100’ 200’ 400’

MARKET STREET

JFK BLVD

31ST STREET

N 30

TH STR

EET

N 32N

D STR

EET

CHESTNUT STREET

LUDLOW STREET

3003 JFK3025 JFK

3051 JFKEAST

3051 JFK

WEST

DREXEL ARMORY

3000MARKET

3001MARKET

30TH STREET

STATION

3101MARKET EAST

3101MARKET WEST

3020MARKET

CIRASQUARE

DREXEL SQUARE

3001 CHESTNUT

SCH

UY

LKILL R

IVER

JFK BLVD

MARKET STREET

CHESTNUT STREET

SCH

UY

LKILL AV

E

CIRACENTRE

N

SCHUYLKILL YARDS MASTER PLAN

6.9 M SFTotal

14Acres

2.8 M SFOffice

1.6 M SFResidential

6.5 ACRES of Greenspace & Improved Streetscape

987 K SFInnovation Space

247 K SFHotel

1M SFLab

132 K SFRetail

Rendering, 3003 JFK Boulevard

Page 6: A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

10 | SCHUYLKILL YARDS SCHUYLKILL YARDS | 11

KOZ - KEYSTONE OPPORTUNITY IMPROVEMENT ZONE ABATEMENTS AVAILABLE AT SCHUYLKILL YARDS:

Business in a KOZ receive greatly reduced or tax-free status.

Waived or Reduced Taxes Include:

Philadelphia Tax Abatements:• Business Income & Receipts Tax • Philadelphia Net Profits Tax• Philadelphia Real Estate Tax• Philadelphia Sales & Use Tax

KIZ - KEYSTONE INNOVATION ZONE ABATEMENTS AVAILABLE AT SCHUYLKILL YARDS:

Tech & Life science business in a KIZ earn up to $100,000 in saleable tax credits.

PA State Tax Abatements:• PA Corporate Net Income Tax• PA Personal Income Tax (Partnerships

& Sole Proprietors)• PA Sales & Use Tax• PA Mutual Thrift Institutions Tax• PA Insurance Premiums Tax

Page 7: A Development of BRANDYWINE REALTY TRUST€¦ · SCHUYLKILL YARDS | 3 INTRODUCTION Schuylkill Yards is a next-generation innovation community, intentionally designed and holistically

12 | SCHUYLKILL YARDS

(215) 397-1589SchuylkillYards.com