Liberty Property Trust/Philadelphia Industrial Development Corporation
Mixed-Use Waterfront — Philadelphia, PA
RESGroup completed a market study, financial analysis, and development strategy for a 1,200-acre mixed-use waterfront development at the Philadelphia Navy Yard. Uses considered include residential, retail, hotel, and marina as part of a public private project between Liberty Property Trust and the Philadelphia Industrial Development Corporation. RESGroup worked with the developer and land planner to complete strategic alternatives for the development plan, including historic building renovation and new development. Since the completion of the master plan there have been 6 million square feet of space occupied or under development, including 3.3 million square feet of industrial space and 2.7 million square feet of office. Plans for a hotel are underway.
Photo/Illustration: Robert A.M. Stern Architects