With new development and a pool of talented Millennials who want to live and work there, University City is on track to be one of the country's prime innovation districts. That was the main takeaway from Bisnow's Future of University City event this week. Ballard Spahr real estate department chair Bart Mellits was a moderator for the event.

The success of Philadelphia as a whole is also powering growth in University City, the speakers explained, suggesting the “Power of the Philadelphia Triangle.” The triangle is formed by three districts, the CBD, the Philadelphia Navy Yard and University City. If they work together, and not compete, that will be the economic engine for future growth.

Other speakers included Campus Apartments CEO David Adelman, JLL research director Lauren Gilchrist, Southern Land Co founder and CEO Tim Downey, Post Brothers Apartments CEO Michael Pestronk, University of Pennsylvania VP Anne Papageorge, University City Science Center president and CEO Stephen Tang, Drexel University SVP Keith Orris, Children's Hospital of Philadelphia SVP Douglas Carney, Wexford Science & Technology VP Joseph Reagan Jr., Pennoni Associates VP Mark Celoni, and BLT Architects principal Nicole Dress.

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