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On October 25, there was a historic groundbreaking ceremony for a $285M mixed-use development at the Navy Yard. Opening in 2025, the two-building complex will include 614 residential apartments as well as extensive amenities and retail. This announcement is a major milestone in the long-term development partnership between PIDC and Ensemble / Mosaic as it will bring the first residential units to the Navy Yard since the based closed in 1996.
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The project includes minority- and women-led representation at every level, including the $100M+ in limited partner (LP) equity and preferred equity investments led by New York-based minority- and woman-owned Basis Investment Group.
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The workshops, which was organized by the City’s Department of Commerce Office of Economic Opportunity and recognized the outstanding achievements of MBEs and equipped them with resources and connections to help them grow.
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For the first time since the pandemic, the Navy Yard Executives Breakfast returned when more than 100 leaders from Navy Yard businesses and organizations gathered to hear about the ongoing development projects and be introduced to Jodie Harris, PIDC's new president.
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We are pleased to welcome Scott Dever as the new general manager for the Navy Yard electric utility. Dever is taking over for Rudy Terry who served in that role for the past 12.5 years.
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We are happy to announce that we selected Virginkar & Associates, Inc. (VAI) consultant team to conduct a Bus Electrification and Campus-Wide EV Study and develop an implementation plan at the Navy Yard.
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Help us build a more meaningful programming and events lineup in 2024 by taking this short, five-minute survey!
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The sound of hundreds of feet hitting the pavement permeated throughout the Navy Yard with the return of the much-anticipated Navy Yard 5K on October 11.
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“This is the 11th Navy Yard Skills Initiative cohort, and the first one we’ve been able to partner with the U.S. Navy,” said Kate McNamara, PIDC’s Senior Vice President, Navy Yard. “It’s truly amazing to see that this workforce development program has been able to serve the diverse businesses at the Navy Yard from shipbuilding, food manufacturing, healthcare, advanced life sciences and now the Navy. This partnership shows how we are growing together and creating quality, well-paying career opportunities for Philadelphians.”
LEARN MORE ABOUT THE NAVY YARD SKILLS INITIATIVE |
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Big or small, global or startup, the Navy Yard is a community of people and companies working alongside each other in an environment that is flexible, customizable, and often unconventional. These unique spaces come in varying heights, vintages, and floorplates; can accommodate business growth and expansion; and provide access to a large and talented regional workforce.
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“Whether you’re an R&D operation, a PD operation or manufacturing, being located at the Navy Yard I can guarantee that you can attract talent,” David Chang, WuXi App Tech (Advanced Therapies Group), President and Chief Technology Officer touted. “Attracting the talent is so important to build in your capacity very quickly and cost-effectively as a contract service organization. In this location we can quickly bring talent, especially young talent. Young people love it. That’s why I think all this together really makes the Navy Yard such a great location, not only for now, but also for our future.”
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Scientists and Engineers from the Naval Surface Warfare Center, Philadelphia Division gathered with university partners to pursue active engagements with existing Educational Partnership Agreements and create new relationships with local universities through new collaboration agreements.
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In October, members of Cohort 10 of Philly Shipyard’s Apprentice program were celebrated for completing the first 12-weeks of the welding apprenticeship, a distinguishing accomplishment for all apprentices. This apprentice cohort also demonstrated ideal examples of PSI’s CORE values for which apprentices were celebrated for each of the values.
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While contractors for Naval Surface Warfare Center, Philadelphia Division (NSWCPD) are crucial to the United States Navy’s mission, they are usually not called upon to act in life-or-death situations. Still, NSWCPD contractor Joseph Anyzek displayed the poise of a seasoned Navy Sailor when he witnessed a Naval Facilities Engineering Systems Command electrician’s life put into jeopardy from a severe shock while refurbishing a workspace.
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