American Campus Communities, in association with Drexel University will execute construction upgrade services. This initiative, according to American Campus Equity (ACE) program, accentuates converting Chestnut Street (32nd and 33rd) Streets into a unique gateway for the University City and Drexel.
Drexel University in Philadelphia (Photo: Business Wire)
It features a 361,200 sq.ft retail space with multiple housing facilities for students. The construction will be completed by September 2013, and the inaugural event for the $97.6M worth project will take place on February 21, 2012.
The design was offered by the renowned Robert A.M. Stern Architects. Besides structuring a new gateway to the nearby Creese Student Center, the two eight-story buildings anterior to Chestnut Street and a 19-story residential tower at the corner of Chestnut and 32nd streets will be developed. The two-story street-level facility will serve as a new corner entry into the Barnes and Noble and accommodate neighborhood restaurants and retail outlets. Upper floors will include both private and shared lodging options.
It provides the students with modern accommodation facilities with around 860 high-quality beds. Student residents are offered an extensive variety of unit types to choose from. The options include private accommodations in two unit options such as a four-bedroom/two-bathroom apartment or an exquisite four-bedroom/two-and-a-half-bathroom town home configuration provided with in-unit washers and dryers. The other option is shared accommodations in a two-bedroom/two-bathroom design.
Furthermore, a 14,800-square-foot community center will be developed with spaces to improve student amenities such as a fitness center furnished with modern workout equipment, meeting space, a theater and laundry facilities and a social lounge with gaming area.
Source: http://www.studenthousing.com/