PHILADELPHIA–(BUSINESS WIRE)–Mar 24, 2021–
PIDC, Philadelphia’s public-private economic development corporation and master developer of the Philadelphia Navy Yard, in partnership with Ensemble Real Estate Investments and Mosaic Development Partners, today announced the execution of an agreement which provides Ensemble/Mosaic with the exclusive development rights for 109 acres at the Navy Yard and launches a $2.5 billion development plan that will create thousands of construction and permanent jobs.
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Life sciences planned building locations – Philadelphia Navy Yard (Photo: Business Wire)
The $400 million first phase includes development of two advanced life sciences buildings followed by significant residential and…