Greystar to develop Sansom Place East redevelopment PPP project

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The University of Pennsylvania and Greystar Real Estate Partners, LLC have partnered to codevelop the mixed-use redevelopment of existing student housing at 3600 Chestnut Street in the USA.

The project will provide 588 beds in 473 units of furnished, graduate-focused housing and a rich amenity base designed to serve the needs of graduate students. Greystar will be responsible for the renovation and modernization of Sansom Place East, while maintaining the exterior design integrity. It will also deliver more than 12,000 square feet of amenity space including a fitness center, co-working lounges, a test kitchen, study rooms and large multi-function rooms. Additionally, Greystar will fully renovate the existing outdoor plaza with a deck, landscape, hardscape, and seating along with an indoor-outdoor connection to the new amenity space.

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