Wexford is building on 14 acres of University owned land, which Drexel will lease to the new tenants..
A timetable has been set for the much-anticipated construction of a transformational new development on Drexel’s University City Campus that will house a K-8 facility and the College of Nursing and Health Professions.
Developer Wexford Science & Technology will erect two buildings on a site that formerly housed the University City High School at 36th and Filbert streets.
The first project will be the $38 million home for Samuel Powel Elementary School and the Science Leadership Academy Middle School. The school project is nearly fully funded through a combination of private and public funding secured by Drexel. The final funds needed to start the project will be sought from other public sources.
Construction on the K-8 facility is expected to be completed in time for the 2020–2021 school year. The School District of Philadelphia will lease the building from Drexel and the facility will house both the Powel School, currently at 36th Street and Powelton Avenue, and the Science Leadership Academy Middle School, which is currently at 3600 Market Street.
The second project is an academic building to house Drexel’s College of Nursing and Health Professions, which will relocate from Center City under a long-term lease agreement with Wexford. Under the terms, Wexford will finance, develop and construct the building for occupancy in 2022.