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.
“Today’s innovation districts have become live, work, play, learn environments that improve creativity, productivity, and work-life balance,” said Thomas Osha, Senior Vice President, Innovation and Economic Development at Wexford. “ANOVA at uCity provides the connectivity, integration, and quality of life amenities that are in demand by today’s knowledge workers,” he continued.
As a new community centered on both health and wellness, ANOVA at uCity Square is a certified Fitwell building, providing residents access to state-of-the-art communal amenities such as a 2,500-square-foot fitness center with a yoga and spin studio; a pool and courtyard with a hot tub; indoor and outdoor lounges; and a live-work blend with co-working spaces, soundproof office pods, a cyber cafe with complimentary coffee bar and beer taps, a golf simulator, dog washing station, and more. ANOVA residents will also have many perks to complement their live-work-play-learn-thrive lifestyles such as refrigerated delivery lockers, climate-controlled storage, grocery deliveries, a hospitality suite for out-of-town guests, dog walking, housekeeping, and laundry/dry cleaning services. Future resident events will be scheduled to ensure those working atypical schedules can still participate.
Residents at ANOVA have convenient on-site access to retailers and restaurants as well as a bike repair station and on-site BMW i3 car-sharing with a ride-sharing lounge. Designed to look like continuous retail from Lancaster and Powelton Avenues, the ground-floor retail space will be well-lit, providing the street frontage with a commercial feel, and passersby will be able to view the property’s large green space, which will be separated by a low fence for resident safety. The parking garage will also consist of two vehicular entrances located on 37th Street, also used for delivery and service vehicles, to minimize traffic.
As part of its development, GMH hired industry veteran Kristen Gargon as General Manager of ANOVA at uCity Square. A temporary leasing office (open Monday-Friday 10 a.m. to 6 p.m., Saturday 10 a.m. to 4 p.m., and Sunday noon to 4 p.m.), is located on-site at the corner of 38th and Warren Street with staff available to provide more information on leasing opportunities at ANOVA at uCity Square. Prospective residents can also join the VIP waitlist or submit an application at www.ANOVAuCity.com or by calling 215-999-3700.
To learn more about the development, visit the website or email info@anovaucity.com.
About GMH Capital Partners
GMH Capital Partners, L.P. is a dynamic real estate company specializing in the acquisition, development and management of high-quality residential and commercial properties throughout the United States. For more information, visit www.gmhcp.com.
