PIDC, Philadelphia’s public-private economic development corporation and master developer of the Philadelphia Navy Yard, is offering the opportunity to become one of our commercial development partners. Join us and drive the next phase of growth and development at the Navy Yard by planning, delivering, and managing extraordinary office, R&D, and mixed-use residential buildings while building the community where companies and their employees thrive.
PIDC is seeking new partners that can help extend and execute the vision of the Navy Yard in which R&D and life sciences facilities continue to drive growth and dense multifamily development accelerates retail development. We are open to submissions from real estate developers and from end-users; we have previously executed both types of transactions at the Navy Yard.
We are offering exclusive development rights within two distinct districts totaling approximately 109 acres. We will consider responses with interest in the development of a single district, both districts, or specific areas within a district.
- First, the Historic Core District, in the heart of the Navy Yard, totals 12 acres and includes both historic multi-story loft warehouses ripe for adaptive use and clear sites for new development; this area is intended to be the Navy Yard’s “downtown” and is expected to include multifamily rental buildings with ground-floor retail, restaurants, and services.
- The second is the Mustin District, 97 contiguous acres of land that will allow the Navy Yard to sustain its growth as a premier hub for R&D, life sciences, and other commercial facilities. This district also includes a quarter-mile stretch of riverfront ideal for mixed-use development.
We look forward to receiving responses from a variety of developers and end-users enthusiastic about partnering with us on the Navy Yard’s next phase of transformative development. From these responses, we will create a shortlist of highly-attractive prospective partners who we will invite to submit more detailed proposals in an RFP stage.
Deadline for responses is November 22, 2019.