Development Updates
October 11, 2018
Liberty Property Trust and Synterra Partners to Break Ground on WuXi AppTec’s Advanced Therapies Laboratory Testing Facility at the Navy Yard
Liberty Property Trust and Synterra Partners is set to break ground early next month on a 95,000 square foot build-to-suit office and laboratory building for WuXi AppTec’s Advanced Therapies Business Unit (WuXi ATU) at the Navy Yard. The new facility located at 400 Rouse Boulevard, designed to achieve LEED® certification, will be the fourth building
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Development Updates
August 21, 2018
Construction Update: Langley Avenue Project Completion
The $13.4 million PennDOT construction project to realign Langley Avenue is coming to a close, and the intersection and new Langley Avenue will be open on Monday, August 27, 2018. UPDATE: we have received approvals to open the road early, beginning on Friday, August 24, 2018 at 2:30 PM.
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Development Updates
May 23, 2018
Second Navy Yard Hotel Under Agreement With Ensemble Real Estate Investments
PIDC, Philadelphia’s public-private economic development corporation, announced that it is under agreement with Ensemble Real Estate Investments for the purchase, renovation, and expansion of a former barracks complex into the Navy Yard’s second hotel, which would complement and enhance the ongoing public and private investments at the Navy Yard.
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Development Updates
May 9, 2018
Funding approved to develop a new pedestrian and bicyclist sidepath to the Navy Yard
Governor Tom Wolf and PennDOT Secretary Leslie S. Richards recently announced the approval of funding for 82 projects, including eight in Philadelphia, to improve transportation alternatives and enhance mobility and public accessibility across the commonwealth.
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Development Updates
May 8, 2018
Liberty Property Trust Announces Sale of Five Crescent Drive at the Philadelphia Navy Yard
MALVERN, Pa., May 08, 2018 (GLOBE NEWSWIRE) — Liberty Property Trust (NYSE:LPT), today announced that it has sold Five Crescent Drive, a 207,779 square foot office building at the Philadelphia Navy Yard for $130.5 million. The LEED® Platinum property is currently leased to GSK. The property was purchased by an affiliate of Korea Investment Management
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Development Updates
May 7, 2018
Construction Update: Langley Avenue Project
The $13.4 million PennDOT construction project to realign Langley Avenue is continuing as planned. With the spring season in full swing, the realignment of Langley Avenue has entered into its final stages of reconstruction.
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Development Updates
March 28, 2018
Construction Update: Langley Avenue Reconstruction Project
The $13.4 million PENNDOT construction project to realign Langley Avenue is continuing as planned. With the spring season in full swing, the realignment of Langley Avenue has entered into its final stages of reconstruction. The final phase will impact the City of Philadelphia-owned stretch of Broad Street just north of the Navy Yard gates.
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Development Updates
January 30, 2018
Ameresco & PIDC Celebrate Completion of 6 MW Natural Gas-fired Peaking Plant Project at the Navy Yard in Philadelphia
Ameresco, Inc., a leading energy efficiency and renewable energy company, and PIDC, Philadelphia’s public-private economic development corporation and master developer of the Navy Yard, today announced the final completion of the six megawatt (6 MW) natural gas-fired peaking plant at the Navy Yard in Philadelphia, and that the plant is now operational. Earlier today, representatives
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Development Updates
December 13, 2017
Construction Update: Three Crescent Drive Parking Deck
In March 2017, Jefferson Health, Liberty Property Trust, and Synterra Partners announced plans for expanded services offered by Jefferson at the Navy Yard, by leasing additional space to open a 70,000-plus square-foot facility at Three Crescent Drive by early to mid-2018. Jefferson’s vision for the Navy Yard is to create a consumer-oriented healthcare destination located
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Development Updates
August 2, 2017
Community Solar Coming to the Navy Yard
PIDC, Philadelphia’s public-private economic development corporation, today announced the start of construction on the first phase of a community-shared solar power project at the Navy Yard. The initial installation includes 1,295 solar panels on a rooftop in the Navy Yard and will provide a total of 440kW system capacity for the district. The Navy Yard
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Development Updates
March 10, 2017
The Courtyard by Marriott Philadelphia South at the Navy Yard completes expansion
Excited to be a part of the exciting growth of the Philadelphia Navy Yard, the Courtyard Philadelphia South announces the completed expansion with a new neighboring building providing an additional 42 guest rooms. The addition will accommodate the visitor demand of the Navy Yard and Philadelphia’s major sports venues. Already the recipient of the TripAdvisor
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Development Updates
March 10, 2017
Jefferson Announces Plans for Expanded Services at the Navy Yard
Jefferson Health will offer expanded services at the Navy Yard, having signed a multi-year lease agreement with Liberty Property/Synterra, a joint venture of Liberty Property Trust and Synterra Partners, for additional space to open a 70,000-plus square-foot facility at 3 Crescent Drive by early to mid-2018.
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Development Updates
March 1, 2017
Adaptimmune Cuts Ribbon on U.S. Headquarters at the Navy Yard in Philadelphia
Adaptimmune Therapeutics plc. (Nasdaq: ADAP), a leader in T-cell therapy to treat cancer, today announced it will host a ribbon cutting ceremony this morning at 10:30am at the Navy Yard in Philadelphia to celebrate the opening of its newly constructed U.S. headquarters and base for clinical and manufacturing operations. Developed by Liberty Property Trust (NYSE:
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Development Updates
October 6, 2016
Ribbon Cut on Third Laboratory Facility for WuXi AppTec at the Navy Yard
Liberty Property Trust and PIDC joined WuXi AppTec, Inc., a global leader in pharmaceuticals, biopharmaceuticals, and medical devices, for a ribbon cutting ceremony to open their third facility at the Navy Yard. This new 150,000 square foot facility which, when fully operational, has the potential to accommodate an additional 200 high tech manufacturing and support
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Development Updates
February 12, 2016
PIDC Reports Banner Year at The Navy Yard in 2015 Featuring Robust Growth and Expansion
PIDC, Philadelphia’s public-private economic development corporation, announced that The Navy Yard experienced another tremendous year of growth in 2015, adding 12 new businesses and over 500 additional employees, bringing the total counts to 152 companies and 12,000 workers.
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