Penn plans campus expansion into South Philadelphia
The University of Pennsylvania is ready to stretch south.
UPenn released its plans Thursday to redevelop the 23-acre former DuPont Co. paint plant in Grays Ferry into a research and innovation campus for budding entrepreneurs, according to a news release.
The new development is intended to offer resources for students to experiment with new technologies.
Dubbed the “South Bank Plan,” the university plans to resurrect the space across the Schuylkill River from Penn Park with expanded river-front green space and renovations and additions to the existing buildings.
“The South Bank of the future will be a dynamic, mixed-use incubator of ideas,” President Amy Gutmann said in a news release. “This forward-thinking master plan will provide cutting-edge facilities and professional services for Penn’s community of innovators, researchers, students and entrepreneurs, in order to accelerate the formation of new, University-based business ventures. It puts Penn at the forefront of new business development in the region and creates the potential for transformational change along the banks of the river just south of our campus.”
Follow Tommy Rowan on Twitter: @tommyrowan
Follow Metro Philadelphia on Twitter: @metrophilly
Follow Metro Philadelphia on Facebook: Metro Philadelphia