Philly 30th St. Station Development

June 17, 2016

This morning, Amtrak, SEPTA and Drexel University officials unveiled plans for a massive transformation of the area around 30th Street Station.Website Insert Keep Your Money In-State copy

The massive, multi-decade 30th Street Station District Plan would, when completed, turn the area around 30th Street Station into a second downtown for Philadelphia focused on the second-busiest station in the Amtrak system. That station, transformed into a multimodal transportation hub for the region, would serve as the linchpin of the planned development.

New office, retail and residential buildings containing 18 million square feet of total space and 40 acres of open space would be created under the plan, with most of the development privately financed. A total of $2 billion in public investment would leverage an additional $4.5 billion in private investment. These figures are on top of the $3.5 billion Drexel University and Brandywine Realty Trust have already pledged to see the Schuylkill Yards development, which Drexel President John Fry described as “a down payment” on the plan at this morning’s public unveiling, to completion.

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