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real-estate-development-2022
Penn announced a series of renovations, constructions, and real estate developments on and around campus in 2022.

From construction projects to new stores, Penn's campus has seen a wide variety of renovations, updates, and projects.

March 4 — The year began with the announcement of a new track and field center, which will be completed by May 2024. Named the Jane and David Ott Center for Track & Field, the $69.35 million facility will serve as the new track and field program hub. 

May 12 — The Stuart Weitzman School of Design announced that it will renovate and add a wing to the existing Morgan Building, renaming the building Stuart Weitzman Hall.

July 27 — In honor of Former Penn president Amy Gutmann, New College House West was renamed Gutmann College House

Aug. 22 — Progress continued on Amy Gutmann Hall, the new Penn Engineering building for data science. Located adjacent to Lauder College House, construction began on the building in the summer of 2022.

Aug. 22 — This past summer, construction on Penn’s boathouse was completed. The complete upgrade included the construction of a two-story entrance lobby to house Penn Rowing artifacts and memorabilia as well as an expanded athletics room to host events.

Sept. 12 — This semester began with the announcement of the first significant expansion of the Annenberg Center. A $25 million new performing arts theater named after Wharton Class of 1963 graduate and luxury footwear designer Stuart Weitzman is expected to have an audience capacity of up to 350 people. 

Sept. 21 — Penn announced a $35-$45 million redevelopment of the McDonald’s at 40th and Walnut street. The McDonald’s will be closed in January to redevelop the building into a 50,000-square-foot mixed-use, six-story office building.

Sept. 22 — Just one day after the announcement of the McDonald's redevelopment, Penn announced that the Radian would be leased for three years while the Quad undergoes major renovations for the first time since the early 2000s. The $238 million renovations in the Quad will take place one college house at a time, with Riepe from May 2023 to August 2024, Ware from May 2024 to August 2025, and with Fisher-Hassenfeld from May 2025 to May 2026. 

Oct. 27 — The construction of a new grocery store and research complex on Market Street between 38th and 39th streets was announced in October. While the construction is not part of Penn’s real estate portfolio, the space will be converted from a surface parking lot to an office, laboratory, parking, and retail space. 

Nov. 17 — Finally, to round out a year of major real estate changes was the announcement of the opening of a Target location near campus in November. The store will be an addition to The Mason on Chestnut, and its opening date is yet to be announced. Construction is estimated to cost $6.5 million and will take up 18,199 square feet. 

Check out the rest of the DP's Year in Review content here.