[Urbanthusiat]

Looks like we'll get another new Penn building at 40th and Sansom, presumably at this parking lot: https://www.google.com/maps/@39.9549...2!8i6656?hl=en

Hedge fund grad gives Wharton $25M for Tangen Hall

A U.K.-based hedge fund founder has given the Wharton School $25 million to build a hall for budding business-founders and name it after him. The give also includes money for foreign-student scholarships.

Nicolai Tangen, who served briefly in the Norwegian intelligence service as an interrogator specializing in Russians before attending the University of Pennsylvania's business school as an undergraduate from 1988-92, is spearheading construction of Tangen Hall, a 70,000-square-foot building that will consolidate Penn's entrepreneurship programs at 40th and Sansom, as the university expands its West Philadelphia campus.

The building, funded by the foundation started by Tangen and his wife Katja, is to be completed in 2020.

...

Tangen Hall will include meeting spaces, a cafe, and Venture Lab, a new home for Penn Wharton Entrepreneurship, Goergen Entrepreneurial Management Program, Weiss Tech House, the Sol C. Snider Entrepreneurial Research Center, the Wharton Small Business Development Center, and Wharton's Integrated Product Design Program.

It will also include storefront retail space for student ventures, a test kitchen for food start-ups, and a Maker Lab with 3-D printers and other digital tools, for use by student entrepreneurs developing products and services, Wharton said in a statement.

http://www2.philly.com/philly/blogs/...-20181025.html

There's a a lot of development around that 40th street corridor right now. This sounds very cool. Hopefully they can start some businesses that will stay in Philly.