Login

Ensemble, Mosaic Launch $2.5 Billion Development Plan for Philadelphia's Navy Yard

Project Commences After Joint Venture Secures Exclusive Development Rights for 109 Acres in High Profile Redevelopment
The $400 million first phase of Ensemble and Mosaic's development plan includes building two advanced life sciences buildings. (Ensemble Real Estate Investments/Mosaic Development Partners)
The $400 million first phase of Ensemble and Mosaic's development plan includes building two advanced life sciences buildings. (Ensemble Real Estate Investments/Mosaic Development Partners)
By Clarice King
CoStar Research
March 24, 2021 | 4:41 P.M.

PIDC, the public-private economic development corporation and master developer of the Philadelphia Navy Yard, has executed an agreement that provides Ensemble Real Estate Investments and Mosaic Development Partners with the exclusive development rights for 109 acres in the high profile redevelopment project, launching a $2.5 billion development plan that's set to create thousands of construction and permanent jobs.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

News | Ensemble, Mosaic Launch $2.5 Billion Development Plan for Philadelphia's Navy Yard