August 4, 2016 |
Lankenau Medical Center received Level 2 Trauma Center certification, effective Sept. 1, the unit of Main Line Health said Tuesday. Main Line said last year that the trauma center would fill a gap in such high-level emergency services in southern Montgomery County and northern Delaware County. The center is Main Line's second. It opened a Level 2 trauma center at Paoli Hospital in 2010. The new Lankenau center will compete, in particular with Penn Presbyterian's Level 1 trauma center, in University City, which is closest to Lankenau.
August 1, 2016 |
On a July day with temperatures in the mid-90s, the breeze rushing through the unfinished 46th floor of the FMC Tower at Cira Centre South provides little relief. No matter. The views on every side are spectacular, to say the least, and make other high-rises near this one at 30th and Walnut Streets - with the exception of the new Comcast tower directly east - look very small. That includes the 33-story Evo apartments next door, which, with Cira Green, the parking garage with a one-acre park on its top - are both completed and in use. All comprise the nearly $700 million Cira Centre South project that is a large part of the eastern gateway to Drexel University and the University of Pennsylvania.
July 26, 2016
Reinvestment Fund, a Philadelphia nonprofit rebuilding distressed towns and cities through the use of capital and information, has named Saul A. Behar to its board. He is vice president and general counsel at the University City Science Center. The City Avenue Special Services District has elected Kevin Michaels and Mark C. Reed to its board. They replace C. Kevin Gillespie and Lita Cohen. Michaels, managing partner at Cross Properties, is a major property owner in the district.
July 23, 2016 |
Three years after spinning off from Children's Hospital of Philadelphia, gene-based drug developer Spark Therapeutics is planning an expansion that could take it out of the city. While Spark, currently based in University City, has some Philadelphia sites on its radar, it's also considering locations in New Jersey and Delaware, according to brokers at real estate services firm JLL, which is aiding the company in its search. The move to expand comes as Spark - among the most successful companies to emerge from research originating at Children's Hospital during its 160-year history - enjoys a string of clinical-testing successes that could yield one of the country's first approved gene therapies.
July 21, 2016 |
Next week promises to be a really big one for Isabella Cobos of Raleigh, N.C. On Tuesday - the day before she turns 12 - she is having surgery for scoliosis. It's all happening here in Philadelphia. And so is the Democratic National Convention. Good luck finding affordable hotel accommodations, her mother has found. Lots of places say they're booked. Some city hotels had rooms - for $350 to $550 a night. "My husband said, 'We'll rent a minivan, and I'll sleep in the back,'" said Melanie Cobos.
July 19, 2016
By Matt Bergheiser Imagine applying to 42 jobs in three months and not landing a single interview. Imagine what it feels like to realize that even jobs at the lowest rungs of the career ladder require online applications when you haven't turned on a computer in years. Imagine being so desperate for income that you'll ride two trains and a bus for a chance at back-breaking day labor that might not even materialize. This story line is typical for citizens returning from prison, as a criminal conviction is often a career-ender, creating devastating impacts for individuals, families, and communities.
July 5, 2016 |
Lincoln High School and St. Joseph's University graduate Adele Cirone Oliva has made a name for herself in her hometown - and has just raised $200 million for a health-care investment fund. Oliva cofounded 1315 Capital with Michael Koby to put money to work in health care. She previously worked at Ira Lubert's Quaker Partners, which she joined in 2007. Prior to Quaker, Oliva had been cohead of the U.S. health-care group at Apax Partners, a private equity firm, starting in 1997. The new fund tops off Oliva's two decades of experience in the investment business, and although she's lived all over, she says the Philadelphia region and New Jersey are "much richer places" for health-care acquisitions than locales such as Boston, New York, or Silicon Valley.
June 17, 2016 |
Amtrak and its partners in the proposed redevelopment of a massive swath around 30th Street Station in University City say the decades-long plan - including partially capping the adjacent rail yard - will involve $6.5 billion in infrastructure funding and private investment. The financial projection is part of the planning team's final blueprint for the 175-acre site extending northeast from 30th Street Station, to be released Thursday morning. Publication of the 30th Street Station District Plan ends a two-year, $5.25 million study led by Amtrak, Drexel University, Brandywine Realty Trust, SEPTA, and PennDot for the area between Walnut and Spring Garden Streets east of Drexel's campus and Powelton Village.
June 2, 2016 |
Shared-office giant WeWork opens its first Philadelphia location Wednesday, a validation of - and potential threat to - the city's large existing contingent of collaborative-workspace operators. The 30,000-square-foot, two-story space at the former Schmidt's brewery building in Northern Liberties' Piazza development is the first of three shared-office facilities planned in the city by New York-based WeWork. To follow in the fall are a 30,000-square-foot space at 1430 Walnut St. - a glass-walled retail building that also accommodates a Cheesecake Factory restaurant - and a 40,000-square-foot location on the 19th and 20th floors of the Five Penn Center office building at 1601 Market St. "We look for cities that have a robust mix of the right elements: a real percolating tech community, an active investment community, strong support from the city," said Dave McLaughlin, the company's eastern U.S. general manager.
May 14, 2016 |
FMC Corp. plans to move this weekend into its still-under-construction University City headquarters tower, among the most prominent of the recent building projects that are reshaping the city's skyline. The chemicals giant will be the first tenant in the glass tower that will bear its name near 30th Street Station, where it is to occupy 250,000 square feet over nine floors, communications chief Ken Gedaka said in an interview on Thursday. The move was timed to beat the expiration of its lease at its current home, the BNY Mellon Center tower at 1735 Market St., which it had occupied since 1991.