Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Raymond and Ruth Perelman pledge $25 million to Penn Medicine for what will be named the Raymond and Ruth Perelman Center for Advanced Medicine, a $232-million, 300,000-sf facility at the corner of 34th Street and Civic Center Blvd. in University City. Penn Medicine encompasses the University of Pennsylvania’s school of medicine and its affiliated health system.

“The new center is the largest capital project in Penn Medicine’s history,” Rebecca Harman, a spokeswoman for the health system, tells GlobeSt.com. It will house Penn’s Abramson Cancer Center, radiation oncology, cardiovascular medicine and an outpatient surgical pavilion. It is scheduled to open in 2008.

The architect is Rafael Vinoly of New York City-based Rafael Vinoly Architects, which designed the Kimmel Center for the Performing Arts here and the Boston Convention Center. Among the firm’s other projects are the John F. Kennedy Center for the Performing Arts in Washington DC and Carrasco International Airport in Montevideo, Uruguay. The Perelman center’s design includes a glass atrium that carries sunlight to the structure’s full interior.

In a statement, Arthur Rubenstein, dean of Penn’s school of medicine and EVP of its health system, said the center “sets the stage for the development of the most advanced therapies that can be achieved through collaborative research initiatives (and) . . . “will transform the way medicine is practiced at Penn and around the world.”

Raymond Perelman, an alumnus of U of Penn’s Wharton School of Business, is president and chairman of locally based RGP Holdings, which is comprised of numerous manufacturing, mining and financial interests. This is the latest of many gifts the entire Perelman family, including these donors’ sons, Ronald and Jeffrey, have contributed to U of Penn. Ronald is chairman of MacAndrews & Forbes Holdings and its subsidiary, Revlon Consumer Products Corp., and Jeffrey is chairman and CEO of JEP Management Inc.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.