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Developers complete first residential building at Philadelphia Navy Yard

Mixed income apartment complex brings hundreds of new units and ground floor retail to former naval base
AVE Normandy, a 267-unit building at 1200 Normandy Place, is the first rental apartment building to open in the pioneering AVE Navy Yard development in the former military base along Philadelphia's waterfront. (CoStar)
AVE Normandy, a 267-unit building at 1200 Normandy Place, is the first rental apartment building to open in the pioneering AVE Navy Yard development in the former military base along Philadelphia's waterfront. (CoStar)
By Margaret Sutherland
March 31, 2026 | 7:43 P.M.

AVE, the residential brand of Philadelphia’s Korman Communities, in a development partnership with Ensemble Investments and Mosaic Development Partners, opened the first building in their pioneering AVE Navy Yard development, a 267-unit building at 1200 Normandy Place offering the first rental apartments in the former military base along Philadelphia's waterfront.

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News | Developers complete first residential building at Philadelphia Navy Yard