July 29, 2020 announcement:
PIDC, Philadelphia’s public-private economic development corporation, has selected a team comprised of Ensemble Real Estate Investments and Mosaic Development Partners as its development partner for 109 acres at the Philadelphia Navy Yard.
Selection of the Ensemble/Mosaic team is the culmination of a year-long competitive process that attracted interest from more than 35 development teams from across the country. The next phase of development will further establish the Navy Yard as a world-class business, manufacturing, R&D, and life sciences hub, and will include the creation of a vibrant mixed-use district including retail and makerspace.
PIDC and the Ensemble/Mosaic team envision up to $2.6 billion of new private investment that will drive many thousands of new construction and permanent jobs.