Philadelphia’s New Boom
The city is changing dramatically, with new buildings, revitalized neighborhoods and inviting public spaces emerging all at once. Here’s an inside look at what’s behind this New Boom — and a preview of what our revitalized city will be.
Trend #7: The Navy Yard Is Unsinkable
This flourishing business zone is actually just getting started.
|# of new and/or renovated buildings||2 new projects; # of renovations unknown||41||30|
|Occupied square footage||4.6 million||7 million||13.5 million|
|# of businesses||65||150||300|
|# of employees||6,000 (estimated)||11,000||25,000 to 30,000|
|# of hotels and residential units||0||1 hotel; no residential units||2-plus hotels; 1,000-plus residential units|
|Notable businesses/projects||Urban Outfitters Inc., Aker Philadelphia Shipyard, U.S. Navy||GSK (GlaxoSmithKline), Iroko Pharmaceuticals, RevZilla motorsports, Tasty Baking Company||Franklin Square Capital Partners, Mercer Café, a potential Broad Street Line extension|
*Information provided by PIDC based on estimated plans