Daily News | Penn is building a huge new parking garage to support Pennovation Works expansion
The University of Pennsylvania’s expansion of the Pennovation Works moved ahead this week as zoning permits were issued for a 10-story parking garage with 858 spaces.
The 23-acre former industrial site on Grays Ferry Avenue lies across the Schuylkill river, just south of Penn’s campus and hospital complex.a 455,000-square-foot life sciences research and manufacturing building there with Longfellow Real Estate Partners, a developer of biomedical properties. The permit calls for the demolition of seven existing buildings to make way for the parking garage, which will also contain 56 bike parking spaces.“This parking garage … is being developed to support future on-site expansion, including the new life sciences building,” Jennifer Rizzi, spokesperson for the University of Pennsylvania, wrote in an email.
The construction of the garage is expected to begin in the first half of 2024, and the project will cost an estimated $40 million.and is notable as the place where the substance that led to the development of Teflon was discovered.
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