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PHILADELPHIA-One Crescent Dr., the 77,000-sf office building at that address in the Philadelphia Navy Yard Corporate Center, has been awarded the first Leadership in Energy & Environmental Design "platinum" certification in the state. Platinum indicates the highest level of LEED certification from the US Green Building Council.
The four-story building was developed by a partnership between Malvern-based Liberty Property Trust and Synterra Partners, which is headquartered here, and designed by New York City-based Robert AM Stern Architects. GlobeSt.com previously reported its estimated construction cost at $14.8 million.
It is Liberty's second building to receive LEED certification. Plaza at PPL Center in Allentown received LEED gold certification in May 2004. Liberty has more than a dozen buildings under way, including Comcast Center, that are being constructed to LEED standards.
"We are committed to sustainable development," says John Gattuso, SVP and director of national and urban development for Liberty. The 57-story, 1.2-million-sf Comcast Center at JFK Boulevard in Center City "is currently the tallest building in the world seeking LEED certification," he adds.
One Crescent, which fronts the 3.5-acre Crescent Park green space, is the second new building developed by Liberty in the navy yard, and a third is scheduled for completion this fall. The Liberty/Synterra partnership will break ground this fall for a 26,000-sf build-to-suit for the Philadelphia Stock Exchange, which is set to open in late 2007. The partnership has also just begun a design for the navy yard's first hotel, a 135-room Marriott Spring Hills Suite.
Over the next decade, the 1.4-million-sf corporate center, located at the intersection of Broad Street and League Island Boulevard, will encompass up to 12 new office buildings in a campus-like setting on a 4.4-acre portion of the navy yard. In late 2004, the city unveiled a 15-year, $2-billion redevelopment plan for the full, 1,200-acre former navy base, which is nearly equal to the size of Center City. It was closed by the Department of Defense in 1996, and is now owned and managed by the Philadelphia Industrial Development Corp.
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