From a dominating Navy industrial waterfront complex to a major mixed-use business campus, the Navy Yard today hosts 175 companies employing over 15,000 people.
The former Philadelphia Naval Shipyard and Station have been redeveloped as a mixed-use, waterfront business campus with over 175 companies and more than 7.5 million square feet of office, industrial, manufacturing, and research and development space.
PIDC, a public-private economic development corporation, manages the redevelopment activities at the former Philadelphia Naval Shipyard and Naval Station. Over the past 20 years, PIDC, in conjunction with the City of Philadelphia, has carried out a number of redevelopment and job creation efforts that have led to over 15,000 new jobs at the Navy Yard – 185 percent of the civilian jobs lost when the base closed.
PIDC and its commercial development partners, Liberty Property Trust and Synterra Partners, have been successful in attracting large companies to the Navy Yard including: Urban Outfitters, Inc., GSK, Axalta Coating Systems, Jefferson University Hospitals, Philly Shipyard (formerly Aker Philadelphia Shipyard), and Courtyard Marriott, as well as a variety of small and mid-sized businesses such as Rhoads Industries, RevZilla.com, WuXi AppTec, and McKean Defense Group. The Navy Yard offers its employees and visitors over 20 acres of park space, a one-mile waterfront biking/jogging trail to explore, and over 20 annual destination events to support local philanthropic organizations.
A total of over 13.5 million square feet are planned for new commercial and future residential development. Companies at the Navy Yard are expected to employ over 30,000 people at full buildout.
The 1991 Base Realignment and Closure (BRAC) Commission recommended the closure of the Philadelphia Naval Shipyard and Naval Station. The base closure in 1996, as well as BRAC 1988 and 1995 actions, resulted in the loss of 8,119 civilian positions.
A base reuse plan was adopted in September 1994 that recommended shipyard, industrial, office, and transportation uses among others. The Navy transferred approximately 1,177 acres to the City of Philadelphia through an economic development conveyance. The Navy also transferred ownership of the former Philadelphia Naval Hospital (approximately 49 acres) to the City of Philadelphia through a negotiated sale.
PIDC serves as the master developer at the former shipyard and naval base, where it manages property management and development, including master planning, leasing, property management, infrastructure development, utility operation, and the structuring of development transactions.
Key factors in the Navy Yard’s success include:
Updated October 2020