Ensemble has successfully delivered over 4 million square feet across its national portfolio. With groundbreaking expected in 2019 and a completion slated for 2030, Forest City Washington’s second phase of The Yards will encompass 3 million square feet of mixed-use space, built on 18 acres of undeveloped land on the western side of The Yards, between 1st Street SE and New Jersey Avenue SE. Future growth will support up to 10 million square feet of commercial and residential development. COPYRIGHT © PIDC ALL RIGHTS RESERVED – DESIGNED BY LEVLANE, PIDC Selects Navy Yard Development Partner, https://www.navyyard.org/theyardblog/wp-content/uploads/2020/07/3.-Redevelopment-of-historic-Building-83-credit-DIGSAU.jpg, https://www.navyyard.org/theyardblog/wp-content/uploads/2019/02/Navy-Yard-Logo.jpg, PIDC Embarks on the Navy Yard Connected Community Plan and Wants Your Input, The Navy Yard Launches its Pilot Workforce Development Program, PIDC put out a call for prospective partners through a Request for Qualifications, five highly experienced teams were shortlisted. “The Mosaic team is thrilled to partner with Ensemble and PIDC on the next phase of the Navy Yard,” said Gregory Reaves, co-owner of Mosaic Development Partners. The Navy Yard is a collaborative community with curated food trucks, health and wellness programs, rotating public art installations by local and international artists, and hosts a variety of food, fitness, and philanthropic events in its parks. Learn about the impact the Navy Yard has had on the Greater Philadelphia region. To learn more or opt-out, read our Cookie Policy. The Navy Yard, which employed 40,000 at its peak, came under city ownership in 2000 after the U.S. Defense Department decommissioned the site as a military base. Beyond that, there is turn-of-the-20th-century historic architecture along with suburban-style glass office buildings. There is a waterfront plus a park featuring hammocks and Ping-Pong tables. As impressive as these numbers are, that’s only part of the story. Its agents are experienced in residential and commercial leasing and sales, tenant representation and the repositioning of existing assets. 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. Meet some of the businesses and organizations who have made the decision to call the Navy Yard home, and how the Navy Yard has helped them grow their business. Our partnership with Mosaic, with their intimate local perspective, keen development expertise, and innovative approaches to engaging every demographic in Philadelphia, heightens this perspective and will greatly contribute to a successful development.”. The Navy Yard is considered the most successful redevelopment of a former military facility in the country and today is a growing community where companies and their employees thrive. Future growth will support up to 10 million square feet of commercial and residential development. The Brooklyn Navy Yard released a new master plan that includes 5.1 million square feet of new development Courtesy BNYDC and WXY Fifty years ago, the Brooklyn Navy Yard … Plans call for “substantial” participation of minority- and women-owned businesses in the project’s construction and operation and for a diverse ownership structure, aided by a crowdfunding component that allows many small investors to hold stakes in the development, the agency said. Le Washington Navy Yard est un ancien chantier naval et arsenal de l'United States Navy à Washington, D.C. Il est le plus ancien établissement de ce type de la marine américaine. The brokerage is well regarded for its ability to assist its clients in evaluating and implementing improvements that will best position the asset to ensure a positive outcome. Ensemble, based locally at the Navy Yard and headquartered in Long Beach, California, is a full-service real estate solutions and investments provider that creates exceptional real estate in the healthcare, hospitality, commercial and urban multifamily/mixed-use sectors. The Philadelphia Industrial Development Corp., which manages the Navy Yard on the city’s behalf, said in a release Wednesday that Ensemble and Mosaic were chosen for the 109-acre redevelopment project because they “demonstrated an understanding of PIDC’s mission and shared a strategic vision for the Navy Yard to drive business growth and job creation for Philadelphia.”. Credit: DIGSAU, PIDC is Philadelphia’s public-private economic development corporation. Construction of the EB-5 project is complete. Furthermore, neither the United States Securities and Exchange Commission nor any securities regulatory body of any state or other jurisdiction of the United States, nor any securities regulatory body of any other country or political subdivision thereof, has passed on the accuracy or adequacy of the contents of this website. “The Navy Yard has fulfilled its initial promise of becoming a thriving center for business, innovation, investment, talent, and jobs, establishing itself as one of the city’s major engines of economic growth.

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