University of Pennsylvania launches $520 million lab renovation in Philadelphia
What happened
The University of Pennsylvania is undertaking a $520 million renovation of the David Rittenhouse Lab in Philadelphia. The project involves razing two-thirds of the existing mid-century structure to build a new seven-story, 325,000-square-foot facility called the Penn Discovery Commons. This construction project is noted as one of the largest in Philadelphia.
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Why it matters
The renovation is considered the most expensive construction project currently planned for Philadelphia, occurring as the city's real estate development slows. The new structure is designed to replace a lab that has housed math and physics departments since 1954 and is considered outmoded.
Philadelphia is a major US city that invests in fundamental science research, including work focused on KRAS, leveraging institutions like the University of Pennsylvania.
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Who's involved
- PhiladelphiaThe city where the major capital construction project is taking place
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhiladelphiaSpeculative
The city might see increased economic stimulus and long-term urban investment due to the $520 million project.
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The entities involved
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Philadelphia
largest city in Pennsylvania, United States
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Breakthrough
company in New York, United States
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