Magic Johnson, Greystar Partnering On UPenn Housing Redevelopment: The Philadelphia Deal Sheet
📍 Philadelphia Northeast
6/10
Action Required
University housing redevelopment in Philadelphia — a target metro for conventional steel. Track project scope and structural system selection. Greystar is one of the largest multifamily developers nationally. Research whether this is new construction or renovation. If mid-rise steel frame, could be a fit for conventional or proprietary system. Monitor for GC selection and design team announcements.
ConXtech System
⚪ Either
Project Type
hd residential
Project Stage
Conceptual
Stories
—
Estimated Size
100,000-300,000 sqft (graduate student housing redevelopment, speculative)
Total Project Value
$80M-$200M
Estimated Steel Scope
$2M-$8M (speculative, depends on scale and structural system)
Timeline Fit
Very early stage — partnership just announced. Likely 12-24 months from steel award. Could hit late 2026 or 2027 award depending on design/entitlement pace.
Fit Assessment
possible fit
General Contractor
No GC Selected
Owner
University of Pennsylvania / Greystar
Key Contacts
[object Object]
[object Object]
[object Object]
Source: View Original Source →
Lead Status
Team Notes