3935 Walnut Street

Planning Strategy

As part of a broader ongoing investment by Penn in the 40th Street Corridor, the University of Pennsylvania purchased the land from McDonald’s and created a condominium interest. The agreement includes shared ownership of the first floor allowing for McDonald’s to return, and providing a new 4700 SF space for the restaurant that replaces the existing 50-plus-year-old structure. Floors 2 through 6 of the building will contain office space that is anticipated to house offices for Penn student life. While McDonald’s will remain on site, the University can utilize the upper floors for administrative purposes currently in the center of campus, while repurposing those internal campus spaces for more student-facing use.

Program

Designed as a turnkey real estate model project, 3935 Walnut Street will be a highly flexible space, making it functional and operational. The building’s exterior will be comprised of a brick veneer with large windows to accommodate the office component. Penn is also working with McDonald’s to ensure that the signage and aluminum storefront is consistent with the design needs on the first floor.

This new mixed-use building is the latest investment by Penn in the University’s ongoing investment in the 40th Street Corridor, which began more than 20 years ago.

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