University City Skyscraper to House Penn, Drexel Students

A 33-story, $159 million tower is slated to open in University City in fall of 2014. The dorm (yeah, I guess that’s what it is) will house Penn and Drexel students, and is part of the area’s Cira Centre South mixed-used development. The effort is a collaboration between Campus Crest Communities, Harrison Street Real Estate Captital, and Brandywine Real Estate Trust, which is spearheading the Cira Centre project. [Wall Street Journal]