Despite Brandywine Realty Trust having to put future buildings on hold for the time being, CEO Jerry Sweeney has confidence that the firm is well-positioned, writes Paul Schwedelson for the Philadelphia Business Journal.

The financing market in Philadelphia has been unpredictable, which is what led to the delay of the Philly-based firm’s construction on its next Schuylkill Yards building.

The planned building is an 800,000-square-foot office and life sciences East Tower at 3001 John F. Kennedy Boulevard. 

Brandywine is Philadelphia’s largest owner of trophy and Class A office space, and that’s among the biggest factors in Sweeney’s optimism. 

“Interest rates look like they’ve maxed out, but now’s a good time to execute well on what you have and plan for next phases,” said Sweeney.

During times when proposed developments face turbulence, Sweeney believes it’s important to prioritize high-quality and track market trends.

That will be even more paramount as Philadelphia’s life sciences sector continues to grow.

“The wheel will start churning again,” said Sweeney. Read more about Brandywine Realty Trust’s optimism at the Philadelphia Business Journal.

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