RADNOR, Pa., Nov. 9, 2015 /PRNewswire/ -- Brandywine Realty Trust (NYSE: BDN) today announced the public opening of Cira Green at Cira Centre South in the University City District of Philadelphia, Pennsylvania. Cira Green, the City's first elevated park, is part of Brandywine's 2.7 million square foot mixed-use Cira Centre South neighborhood and is a 1.25 acre urban park, 95 feet above street level overlooking the Center City and University City skylines as well as the Schuylkill River.
"We are very excited to introduce Cira Green, an elevated park that we believe will become one of the City's most unique and celebrated public spaces," stated Gerard H. Sweeney, President and Chief Executive Officer. "Our design mission in developing Cira Centre South has been to establish a new neighborhood lifestyle in one of the region's fastest growing districts. Cira Green will perfectly complement the vibrant residential, retail and office environment that Cira Centre South presents to the marketplace."
Cira Green is designed for enhanced storm water performance, while functioning as an accessible and exciting gathering place. This project is the City's first to utilize innovative "blue roof" and "green roof" technologies and provide the same hydrological performance as a fully planted roof. In addition, large portions of the roof deck are tilted and elevated to provide better views of the cityscape.
Cira Green is another green public space created by Brandywine as part of its Cira South development. In October 2014, Brandywine completed the Schuylkill Esplanade, a pocket park located along Schuylkill Avenue between Market and Chestnut Streets that serves the dual purpose of managing storm water runoff and providing pedestrians, office workers, and residents of Cira Centre South with a lush green oasis for daily enjoyment.
Adjacent to Cira Green is FMC Tower at Cira Centre South – Philadelphia's first vertical neighborhood – a progressively designed urban mixed-use high-rise building comprised of highly efficient office space, luxurious residential units, flexible stay corporate suites, and world class amenities. Conveniently accessible to mass transit via 30th Street Station, this "Vertical Neighborhood" is designed to provide complete convenience in living, working, and relaxing. In addition to its proximity to Cira Green, residents and tenants of FMC Tower at Cira Centre South will enjoy concierge services with unique amenities including a 72 foot pool, world class fitness center, multi-media theater, business conference center, private dining rooms, golf simulator, lounge rooms for private entertaining/employee collaboration, and an outdoor terrace 415 feet above street level with sweeping 360 degree views of the Philadelphia skyline. At street level, FMC Tower at Cira Centre South will have a retail pavilion that will also include an upscale bar and restaurant, serving as a natural gathering place at the gateway to University City.
The residential portion of FMC Tower at Cira Centre South will be operated by the luxury brand AKA. Designed for short and long-term stays, AKA stands for unparalleled metropolitan locations, signature design, and exceptional business, entertainment and lifestyle services. The Residences at Cira Centre South will feature 268 brand-new, ultra-luxury hotel suites and apartment residences located on the tower's upper 18 floors, offering some of the highest, breathtaking views in the City. Residents will enjoy sophisticated, contemporary interiors and a full floor of wellness and lifestyle-enhancing amenities conceived by internationally celebrated architect and designer, Piero Lissoni. With this elevated residential offering, a new standard for ultra-luxury living has emerged.
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About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 239 properties and 30.7 million square feet as of September 30, 2015. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. Our deep commitment to our communities was recognized by NAIOP naming Brandywine the 2014 Developer of the Year – the highest honor in the commercial real estate industry. For more information, please visit www.brandywinerealty.com.
Certain statements in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the Company and its affiliates or industry results to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors relate to, among others, the Company's ability to lease vacant space and to renew or relet space under expiring leases at expected levels, the potential loss of major tenants, interest rate levels, the availability and terms of debt and equity financing, competition with other real estate companies for tenants and acquisitions, risks of real estate acquisitions, dispositions and developments, including cost overruns and construction delays, unanticipated operating costs and the effects of general and local economic and real estate conditions. Additional information or factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including our Form 10-K for the year ended December 31, 2014. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Brandywine Realty Trust