PHILADELPHIA, PA – Philadelphia's public-private economic development corporation, PIDC has executed an agreement to provide Ensemble Real Estate Investments and Mosaic Development Partners with exclusive development rights for 109 acres of land at Philadelphia's Navy Yard.
The partners' agreement launches a $2.5 billion development plan within the Navy Yard, which will create thousands of construction and permanent jobs. PIDC serves as master developer of the Philadelphia Navy Yard.
The agreement was initially announced last July and aims to further establish and expand the former military base into an inclusive mixed-use community.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
