Temple University is moving forward with plans to turn Terra Hall on South Broad Street into a vibrant hub for education, collaboration, and innovation, writes Ryan Mulligan for the Philadelphia Business Journal.
Temple purchased the landmark former University of the Arts property earlier this year for $18 million and has approved a $35 million renovation budget, with $30 million coming from the Commonwealth of Pennsylvania.
The university plans to transform the 17-story former Ritz-Carlton Hotel into a hub for partnerships, the future home of its Center City campus after the 1515 Market Street lease ends in June 2027, and a central anchor for an innovation corridor along Philadelphia’s main axis.
“In Center City, we’re thinking a lot about how the building isn’t a closed campus, that it’s much more a part of Avenue of the Arts and Center City,” said Andy Altman, an urban planner and developer who serves as a senior adviser for Temple’s innovation corridor initiative. “We’re going to make it this vibrant hub and be public-facing.”
Even with a summer 2027 move-in, Temple has already started outfitting Terra Hall and shaping its future role in the life of Broad Street.
Read more about Terra Hall and the renovations coming to it courtesy of Temple in the Philadelphia Business Journal.
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