--- Landlocked and unable to move farther west without disrupting residential neighborhoods, Penn had to acquire the land, said Craig Carnaroli, the university's executive vice president.
"There was no other option," he said. "We've been eyeing that land since the early '80s." --- This is an interesting use of "Landlocked." I read this as very positive for the residential neighborhood this list represents. And just think--the IRS regional HQ will be the 30th street postoffice building, so we can keep right on dropping our returns off at the same place! ________________________________________ From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Frank Sent: Friday, August 31, 2007 11:12 AM To: UnivCity@list.purple.com Subject: [UC] more details... >From the article: Penn president Amy Gutmann said in an interview yesterday that the project would help unite University City with Center City and provide a gleaming "Gateway to the University." Cira Centre South will also include the previously announced conversion of the 862,000-square-foot U.S. Postal Service building at 30th and Market Streets into offices for 5,000 employees of the IRS. The post office conversion and construction of a 2,400-space parking garage will be the $365 million first phase of the project, to be completed by 2010. The office and residential towers will follow, to be completed by 2012 at a cost of about $400 million. The university has agreed to lease 100,000 square feet of the office tower's 400,000 to 500,000 square feet. Gutmann said the development would be the first step of the university's master plan - called Penn Connects - to create athletic fields and open space, offices, and other amenities for its burgeoning student and faculty population. "It provides a much-needed connector between our campus and Center City, and improves the urban infrastructure of the university and creates a vital new center of commerce for the whole region," she said. "It's converting a surface parking lot and eyesores into a mixed-use, greener, 24/7 neighborhood that unites and enlivens both sides of the Schuylkill." Frankus Sleek. Edgy. Infinitely flexible. ---- You are receiving this because you are subscribed to the list named "UnivCity." To unsubscribe or for archive information, see <http://www.purple.com/list.html>.
