Silverstein Properties And Cantor Fitzgerald Partner With University Place Associates To Develop Life Science Project In Philadelphia Opportunity Zone

PHILADELPHIA, Dec. 2, 2020 /PRNewswire/ — Silverstein Properties, a private real estate developer, owner and property manager based in Manhattan, and Cantor Fitzgerald, a leading global financial services firm and real estate investment company based in Manhattan, are partnering with University Place Associates (UPA), a sustainable commercial development firm based in Philadelphia, to develop, operate and lease 3.0 University Place, a state-of-the-art life sciences-enabled building located in the rapidly growing submarket of University City. 3.0 University Place is located in a Qualified Opportunity Zone as well as Keystone Opportunity Zone.

The 250,000 square foot, eight-story lab and office building is a pre-certified LEED Platinum® v4 BD+C Core and Shell building, also targeting WELL v2 Platinum® certification with a focus on employee safety and wellbeing, maximizing environmental sustainability, and energy efficiency.

“I am very excited to participate in the development of this outstanding project,” said Larry A. Silverstein, Chairman of Silverstein Properties. “With more life science companies locating in Philadelphia, this project will greatly impact the industry’s growth in the city. We look forward to working closely with Scott Mazo and the UPA organization. This partnership offers us an opportunity to impact thousands of lives in a positive way in Philadelphia.”

Silverstein Properties’ foray into the life science market began in 2017 when the company acquired and repositioned 619 West 54th Street, later renamed the Hudson Research Center, one of Manhattan’s premier life science hubs.

“Our team is honored by the trust and confidence expressed in us by such accomplished organizations as Silverstein Properties and Cantor Fitzgerald,” said Scott Mazo, Founder and CEO of UPA. “I look forward to working with Larry Silverstein, Howard Lutnick and their entire teams in creating the finest facilities designed and built for innovation and discovery in science. With ‘The Wistar Institute’ as one of our lead tenants, 3.0 University Place will be a critical hub for collaborations that support the biomedical research that is solving the most challenging problems in cancer, infectious diseases and vaccine research.”

Designed by The Sheward Partnership, 3.0 University Place will feature 30,000 square foot floor plates and 15-18 foot slab to slab heights. The facility will include ground-floor retail and curated wet/dry lab space, including an incubation co-working floor operated by Ben Franklin Technology Partners, and a dedicated floor for prebuilt 3,000-10,000 square foot “Growth Pods” with 3- to 5-year leases for graduate/smaller-scale companies. Future tenants in the building will benefit from significant tax incentives as well as proximity to the 40th & Market transit hub, the University of Pennsylvania, and Drexel University.

“3.0 University Place will connect some of the world’s finest scientific companies, academic and industry partners, and entrepreneurs – including The Wistar Institute and Ben Franklin Technology Partners,” said Anthony Maher, President of UPA. “These organizations are dynamic examples of how Philadelphia is creating a community of scientists whose collaborations will go far beyond the walls of a new building.”

University City sits at

Read more

Dubai SME accredits the first free zone business incubator in Amity University

  • Sami Al Qamzi: The incubator will provide an ideal platform that promotes entrepreneurship and innovation
  • Abdul Baset Al Janahi: Universities are an incubating and supportive environment for ideas of the youth and to foster a culture of entrepreneurship
  • ‘Ideas to Action’ is a business incubator that helps produce a generation of creative and innovative business owners

Dubai: Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, announced the launch of the first certified free zone business incubator in Amity University Dubai. The new facility, launched under the the University Incubators programme of Dubai SME aimed to encourage innovation and entrepreneurship, will further contribute towards transforming national and private universities into free economic and creative zones as stated in the sixth article of the Fifty-Year Charter of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The ‘Ideas To Action’ at the Amity University draws on the long experience of Dubai SME in entrepreneurship development and its status as the authority for accrediting business incubators and accelerators in Dubai. The accreditation programme is intended to regulate business incubators and accelerators invested in fourth generation technologies in the emirate and make sure that they provide the best tools for young entrepreneurs to implement their creative projects.

His Excellency Sami Al Qamzi, Director General of Dubai Economy, said: “Business incubators accredited by Dubai SME reflect its strategy, specifically in developing the business environment in Dubai. Dubai SME seeks to provide an ideal platform that promotes entrepreneurship and embraces innovators and entrepreneurs with creative ideas, enabling them to transform their ideas into distinct projects that serve the sustainable development process. The accredited business incubators and accelerators enable to reach out to the largest segment of young entrepreneurs across various sectors and support the efforts to build a knowledge economy based on creativity and innovation, thus strengthening Dubai as a competitive economy, locally and regionally.”

The university-level incubators represent a qualitative initiative to develop the infrastructure in educational institutions to engage young talents and encourage them to think innovatively as well as enter the world of entrepreneurship at an early age. It provides them with early start-up support and directs them towards the most promising economic sectors in the UAE.

Abdul Baset Al Janahi, CEO of Dubai SME, commented: “We are pleased to witness the launch of the ‘Ideas To Action’ business incubator and welcome it as the first certified free zone business incubator in the Dubai Business Incubator Network (DBIN). Such incubators help create a promising generation of entrepreneurs and those interested in the SME sector. Dubai SME, in coordination with universities, will provide integrated mechanisms to empower the youth, help them develop their ideas and entrepreneurial talent, and support them to explore business opportunities, thus paving the way for varied and innovative start-up companies, which will undoubtedly add value to the GDP of Dubai and the UAE in general.”

Al Janahi added:

Read more

African Gold Group Confirms Gold Mineralization in Step Out Drilling Results at New Shear Zone on the Kobada Gold Project

Figure 1

Kobada and Faraba concessions
Kobada and Faraba concessions
Kobada and Faraba concessions

TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) — African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce the initial results of the ongoing 10,000 meter Phase 3 drilling program at the Company`s flagship Kobada Gold Project in Southern Mali. Initial drill hole results successfully confirm the gold mineralization at Gosso shear zone and have delineated approximately 750 m of initial strike length. Drilling activity and preliminary results have been promising and are in line with the goals of the Phase 3 drilling program, potentially increasing the resource through strike length extension drilling and increasing conversion of inferred resources to measured and indicated and subsequently into reserves.

Highlights include:

  • Diamond drilling program at Gosso shear zone shows highly mineralized gold ore body with similar traits to the parallel striking Kobada shear zone (total resource of 2.3 Moz over 4km strike).

  • Confirmed mineralization at the Gosso shear zone reinforces the prospect of multiple mineralized oxide deposits in the nearby vicinity to the planned production plant.

  • 2.56 g/t Au over 8.3 m, including 6.38 g/t Au over 1 m and 10.4 g/t Au over 1.2 m (G20_PH3A_20)

  • 7.19 g/t Au over 1.3 m, and 1.15g/t Au over 12.5 m (G20_PH3C_16).

  • Higher grade gold mineralization confirmed down dip to 100 m and open at depth and along strike.

The Gosso shear zone is located approximately 5 km to the east of the highly prolific Kobada shear zone and extends for a length of at least 5 km. The Gosso target has been previously exposed by historical, artisanal mining. Four holes have been completed and were drilled through the saprolite (soft rock) to intersect the abundant auriferous quartz-veins and to intersect the boundary between the saprolite and sulphides at depth.

The results confirm the interpretation that the shear zone at the Gosso target may be mineralized in a similar fashion to the Kobada shear zone. Grab sample results ranging from 0.5 to 4.6 g/t Au tested in Q1-2020 from the Gosso target (see press release from April 30, 2020) have now been confirmed to host structural mineralization of gold both at surface and at depth. A total of 522 m has been drilled at Gosso so far with a confirmed strike length of the shear zone of approximately 750 m trending in a north-north-easterly direction.

“We are very happy to have confirmed the prolific nature of the Gosso shear, an initial strike length of 750 m, which is just the beginning, and its gold mineralisation on surface as well as at depth,” says Dr. Andreas Rompel, Vice President Exploration. “Furthermore, the presence of saprolite down to more than 100 m in depth confirms the characteristics of the Gosso target may be very similar to the Kobada main shear zone with regard to its potential for mining.”

Figure 1: Kobada and Faraba concessions
https://www.globenewswire.com/NewsRoom/AttachmentNg/38187d64-5f8e-4ae6-b4b4-9e90090866b2

Phase 3 Drilling Program

In September

Read more