New details emerge for Philadelphia's $2.5B Navy Yard project
Dive Brief: The Philadelphia Industrial Development Corp., the city's public-private economic development corporation and master developer of the Philadelphia Navy Yard, has executed an agreement with Ensemble Real Estate Investments and Mosaic Development Partners, granting them the exclusive rights for a $2.5 billion, 109-acre development at the Navy Yard. The first phase includes the $400 million development of two advanced life sciences buildings, with significant residential and hospitality initiatives. When finished, the site in South Philadelphia will encompass more than 1 million squa...
Source: constructiondive.com