by Navy Yard
October 27, 2023
Categories: Community, Development Updates, Events, Tenants,
For the first time since the pandemic, the Navy Yard Executives Breakfast returned to the Navy Yard campus October 25 when more than 100 leaders from Navy Yard businesses and organizations, as well as external Navy Yard stakeholders and partners, gathered to hear about the ongoing development projects and be introduced to Jodie Harris, PIDC’s new president.
The event was held at 1201 Normandy – the Navy Yard’s newest life sciences building in the heart of the Historic District and Corporate Center.
Kate McNamara, PIDC’s Senior Vice President at the Navy Yard, emceed the event and provided a recap of some of the major milestones over the past year to include:
– Infrastructure updates
– Business growth and retention
– Campus events and programming
– Navy Yard Skills Initiative updates
Jodie Harris, who in June made history as the 12th chief executive and the first African American woman to serve in the role of president in PIDC’s 65-year history, outlined her priorities and vision for PIDC and the Navy Yard.
“Over the last two decades, employers, developers, and partners — including many of you in the room today — have made long-term commitments and investments, which have established the Navy Yard as a major employment center in Philadelphia and as an exciting place to work. We will continue to build on the Navy Yard’s momentum with our development partners Ensemble/Mosaic who are bringing this business district to a new level. The new master plan with Ensemble/Mosaic will bring over 12,000 additional jobs, 8.9 million square feet of mixed-use space, and $6 billion in diverse new investment over 20 years. Our collaboration with Ensemble/Mosaic will promote inclusive economic growth through new development, investment, and increased employment; provide retail opportunities for local and minority-owned businesses; and provide a welcoming public space for all Philadelphians.”
The breakfast came one day after a historic groundbreaking ceremony and major milestone in the long-term development partnership between PIDC and Ensemble / Mosaic with the announcement of the construction of the first residential units to the Navy Yard since the base closed in 1996.
The new $285M project is scheduled to open in 2025 and the two-building complex will include 614 residential apartments as well as extensive amenities and retail.
This was an exceptional breakfast and great to get it going again. PIDC is especially grateful to all of our great partners over the years in making a vision become a reality in redeveloping an abandoned military instillation into a lively, innovative campus where more than 150 businesses and 15,000 employees can thrive.
