Local developer adds ”ANOVA at uCity Square” to its growing portfolio in partnership with Wexford Science & Technology
NEWTOWN SQUARE, Pa.–(BUSINESS WIRE)–GMH Capital Partners, L.P. (“GMH”) and Wexford Science & Technology, LLC (“Wexford”) announced today “ANOVA at uCity Square,” – a six-story, innovative apartment community in Philadelphia, Pennsylvania. Located in University City, Philadelphia’s “Cellicon Valley,” ANOVA at uCity Square will offer 461 smart apartment units; 14,000 square feet of ground-floor retail; a 2-level parking garage with 157 spaces; and 12,500 square feet of amenity space for residents. Construction of the development began in March 2020 and is slated to open in August of 2021.
ANOVA at uCity Square is centrally located at 3700 Lancaster Avenue. It joins uCity Square – also known as the heart of Philadelphia’s innovation district – a 6.5 million-square-foot mixed-use community consisting of retail, residential, clinical, office, and laboratory space concentrated around an open-air public square. uCity Square provides a place for entrepreneurs and experts to connect and collaborate, and is home to companies including Amicus Therapeutics, NRG, Spark Therapeutics, and Penn Medicine. ANOVA at uCity Square will provide the perfect living option for the neighborhood’s growing population of students, young professionals, and third-shift workers adjacent to Drexel University, University of Pennsylvania, Children’s Hospital of Philadelphia, Penn Presbyterian Medical Center, and others.
“At GMH, we see a tremendous value in providing innovative and simplified housing that is designed to meet the growing needs of professionals working in the life science sector,” says Gary Holloway, Jr, President of GMH Capital Partners. “By understanding the needs and busy lives of the innovation district worker and student, GMH is developing and managing communities to provide effortless living to our residents. Through our partnership with Wexford Science & Technology, we believe ANOVA at uCity Square will foster the perfect live-work blend for those entrepreneurs, innovators, healthcare professionals, professors, and graduate students learning or working in the heart of Philadelphia’s innovation district.”
ANOVA at uCity Square provides one-of-a-kind innovative apartments, offering an array of comfortable floor plans (furnished or unfurnished) including studios and one- to three-bedrooms that cater to a variety of lifestyles. ANOVA’s smart features include 1-gigabyte, high-speed secured wired and wireless internet in units and throughout the building; smart thermostats and lighting; keyless entry with a mobile video interactive intercom system; Luxer package system; and an EV-charging system. All units are designed with modern, upscale features such as designer bathrooms with walk-in showers, in-unit washer and dryers, quartz countertops, and stainless-steel appliances. All units offer floor-to-ceiling operable windows, and select units will include terraces and balconies with amazing views of the city.