Building on its history as a place of production and innovation for the U.S. Navy, the Navy Yard today is a growing community where companies and their employees thrive.
Since acquiring the 1,200-acre site from the federal government in 2000, PIDC, Philadelphia’s public-private economic development corporation and master developer of the Philadelphia Navy Yard, has led the planning, development, and operation of the Navy Yard on behalf of the Philadelphia Authority for Industrial Development (PAID). PIDC’s mission—to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia—strongly informs our strategy for the Navy Yard, which focuses on creating an environment that drives employment, innovation, and production.
POLITICO has called the Navy Yard “the coolest shipyard in America” and many industry observers, including the Urban Land Institute, have recognized the community as a leading model for repurposing military and industrial assets for a diversified modern economy. Home to reimagined shipbuilding facilities as well as new high-performance and energy-efficient construction, the Navy Yard has a variety of flexible buildings with different heights, vintages, and floorplates, powered by a nationally-recognized microgrid and oriented around iconic parks, Complete Streets, and a riverfront greenway.
Today, the Navy Yard is an expanding community of nearly 15,000 employees and 170 employers who occupy 7.5 million square feet of facilities across a mix of property types, including office, retail, industrial, R&D, and institutional. These employers include the Urban Outfitters headquarters; GSK’s North American headquarters; Jefferson Health; life science and technology startups; manufacturers; corporate R&D, including Axalta’s Global Innovation Center; critical U.S. Navy engineering centers; and a graduate engineering, business, and research campus for Penn State University. In recent years, the Navy Yard’s total employment has steadily expanded by approximately 1,000 new employees per year and will support an additional 10 million square feet of commercial and residential development at full buildout.