Temple purchased a one-acre lot at the corner of Broad Street and Girard Avenue for $8 million, the Philadelphia Business Journal reported Jan. 13. The vacant lot was the site of a McDonald’s location that was demolished in 2023 and lies next to the Temple University Sports Complex.
The lot is the latest in a series of property purchases made by Temple under President John Fry, who began his tenure in November 2024. Since then, the university has acquired multiple properties, including the Oxford Street jazz venue New Barber’s Hall in October 2025 and the former University of the Arts building Terra Hall in February 2025.
All property acquisitions and plans by the university are approved by members of Temple’s Board of Trustees before finalization. These acquisitions are determined based on how they may benefit the goals and priorities of the university, Vice President of Business Affairs Jonathan Reiter said…