PHILADELPHIA—After working out a deal with city officials,Drexel University is scheduled to close on Mondayon the $25 million purchase of the former University CityHigh School.
On Thursday, the City Council approvedamendments to a bill regarding the zoning of the 14-acre propertythat limits future development building height to 65 feet. Theoriginal legislation set the height limit at 75 feet, according toPlanPhilly. The revised bill is expected to be voted on next weekprior to the City Council's close of session for summer break.
Drexel is looking to acquire the shuttered school property,demolish the buildings and replace them with a $1-billion mixed-usedevelopment of residential and commercial buildings.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
