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Navy Yard

NEWS
November 19, 2015
RECENTLY, I joined a group of business leaders and bipartisan elected officials - including U.S. Sens. Bob Casey and Pat Toomey, U.S. Reps. Bob Brady and Pat Meehan, state Sen. John Rafferty, state Rep. Bill Keller and Mayor-elect Jim Kenney - to announce funding for a new study to explore extending the Broad Street Line subway into the Navy Yard, a growing employment hub in Philadelphia. When was the last time so many Democrats and Republicans joined forces to support any project? The Navy Yard employs more than 11,000 at more than 140 firms, and PIDC has aggressive expansion plans in the coming decades.
BUSINESS
November 6, 2015 | By Linda Loyd, Inquirer Staff Writer
On the banks of the Delaware on Wednesday, Gov. Wolf said his priorities for the Port of Philadelphia are investing in its aging infrastructure, creating jobs, and keeping Pennsylvania economically competitive. The governor said one of his goals is to develop the 196 acres at the eastern end of the Navy Yard known as Southport, the first major maritime expansion in Philadelphia in 50 years. In recent months, more than a dozen port operators, energy firms, and private investors have expressed interest in developing all, or part, of the empty land south of the Walt Whitman Bridge.
NEWS
October 10, 2015 | By Jacob Adelman, Inquirer Staff Writer
Adaptimmune, an Oxford, U.K.-based biopharmaceutical company, has moved its U.S. operations from the University City Science Center and will relocate to a new facility at the Philadelphia Navy Yard, the company said Friday. The 47,400-square-foot building being developed by Liberty Property Trust and Synterra Partners will accommodate a manufacturing plant and Adaptimmune's U.S. headquarters, according to the company, which focuses on cancer therapies. The new facility, which will enable Adaptimmune to increase its staff by 110, is scheduled to be completed in late 2016, chief executive James Noble said in the release.
NEWS
September 24, 2015 | By Linda Loyd, Inquirer Staff Writer
Aker Philadelphia Shipyard announced Tuesday that it will sell its ship-owning investments in four product tankers to a subsidiary of Marathon Petroleum Corp., based in Findlay, Ohio. The contract value of each vessel is $150 million, Aker said. The ships, which are used to transport petroleum products and crude oil, will be delivered between now and third quarter 2016. Aker said it expects a pre-tax gain of about $10 million per ship. Aker is building the vessels in a joint venture with Crowley Maritime Corp.
BUSINESS
September 11, 2015 | By Jacob Adelman, Inquirer Staff Writer
Axalta Coating Systems has selected the Navy Yard as the site of a new international research-and-development hub, drawn by the campus' open green spaces, its existing name-brand tenants, and a generous helping of public funds. The 175,000-square-foot research and development center at the sprawling South Philadelphia site will replace a facility in Wilmington, Axalta chief executive Charles Shaver said Wednesday at a news conference. When fully operational in 2018, the $70 million project will have drawn at least 190 employees north to Philadelphia, according to the company, which makes specialty paint and coatings for the automotive and other industries.
BUSINESS
August 12, 2015 | By Linda Loyd, Inquirer Staff Writer
Kinder Morgan Inc. announced Monday it will buy four product tankers in design and construction at Aker Philadelphia Shipyard in South Philadelphia for $568 million. Two ships used to transport petroleum products and crude oil will be delivered in late 2016 and early 2017. Two other tankers will be finished by late 2017, the Houston-based company said. Aker is building the vessels in a joint venture with American Shipping Co. called Philly Tankers L.L.C. Aker, which plans to change its name to Philly Shipyard in October, has orders to build ships through December 2018 at the Navy Yard in compliance with the U.S. Jones Act, which requires all vessels shipping cargo between U.S. ports to be U.S.-built.
ENTERTAINMENT
July 18, 2015 | By Inga Saffron, Inquirer Architecture Critic
It has been 15 years since the Philadelphia Navy Yard was turned into a suburban-style office park. Lured by the promise of free parking and easy highway access, dozens of companies now make their home there, employing some 12,000 people. The development is widely considered an economic success. If your only experience of the Navy Yard has been a fleeting glimpse from I-95, it may come as a surprise to learn that it is also a design success. Not only has the Navy Yard moved beyond the bland office-park model by creating a formal street plan with real sidewalks, but it also is producing some of the best architecture in Philadelphia - better than most of what we're seeing in Center City or University City.
BUSINESS
July 13, 2015 | By Jacob Adelman, Inquirer Staff Writer
When computer engineer Jim Nasto started working at the Philadelphia Navy Yard about a decade ago, the 1,200-acre property was a virtual desert of vacant industrial buildings and abandoned parade grounds. Many of those buildings now make up Urban Outfitters' headquarters, while the vast open spaces are being shaped into office parks inhabited by such corporations as GlaxoSmithKline. "I love it," said Nasto, 29, a research contractor for the U.S. Navy, as he tossed a bocce ball in a landscaped park that opened last month.
BUSINESS
July 1, 2015 | By Jacob Adelman, Inquirer Staff Writer
Liberty Property Trust is set to break ground Tuesday on a 94,000-square-foot office building at the Navy Yard designed by the architect behind Two World Trade Center, a plan that is among the developer's boldest bets yet on the sprawling business center. The building at 1200 Intrepid Ave., fronting a five-acre park by the designer of the High Line in New York, would contain the most office space that Liberty has started at the South Philadelphia complex without a tenant in place.
ENTERTAINMENT
June 11, 2015 | By Elizabeth Wellington, Inquirer Fashion Writer
Drexel students closed out this spring's university fashion show season with a group of witty collections that boasted foil-knit sweaters, elaborately draped evening wear, and sportswear inspired by the brown paper bag. The annual, end-of-year presentations were staged Saturday at the Urban Outfitters corporate headquarters in the Navy Yard. The evening's most noteworthy looks included gowns by senior Calla Michaelides and baggy yet femme sportswear - inspired by the arrogant swagger of discontented youth - by sportswear designer Nadhya Sanchez.
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