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Navy Yard

NEWS
March 9, 2016 | By Jacob Adelman, STAFF WRITER
Penn Capital Management Co. has agreed to lease 26,000 square feet at the 1200 Intrepid Avenue office building now under construction at the Philadelphia Navy Yard, according to developer Liberty Property Trust. Penn Capital will expand in the summer from a smaller space at another Navy Yard office building to 1200 Intrepid, designed by Denmark's Bjarke Ingels Group, Liberty said in a statement on Monday. The investment management firm's lease at 1200 Intrepid is the first to be announced at the 92,000-square-foot, four-story building, which Liberty began building in June.
NEWS
January 29, 2016 | By Brian X. McCrone, Staff Writer
Hillary Clinton took a break from Iowa on Wednesday evening to attend a fund-raiser at the Navy Yard in South Philadelphia. The Democratic presidential hopeful arrived shortly after 7:30 p.m. at the headquarters of the financial firm Franklin Square Capital Partners. Roughly 200 people streamed into the recently built office. Entire families were among the crowd, which included Philadelphia Councilman Kenyatta Johnson and his wife, political consultant Dawn Chavous, and the city's acting fire commissioner, Derrick Sawyer.
BUSINESS
January 21, 2016 | By Linda Loyd, Staff Writer
The groups that would like to develop the eastern end of the Navy Yard known as Southport include a real estate group funded by the California Public Employees' Retirement System (CalPERS), a local Philadelphia refinery, and the politically connected but unsuccessful bidder for Philadelphia Gas Works, Liberty Energy Trust. The Philadelphia Regional Port Authority, which owns the land and plans to lease it, on Tuesday eliminated one of the seven original proposals. Six groups will now be asked to submit financial and development plans.
BUSINESS
January 12, 2016
Yards Brewing Co. sells enough beer - 42,000 barrels last year - that it is running out of space at the 40,000-square-foot plant it opened in 2007 on Delaware Avenue, a few blocks north of the Ben Franklin Bridge. The brewery - Yards' third since president Tom Kehoe opened the original tiny plant in Manayunk 22 years ago - is crowded with 22 shining 200-barrel fermenter tanks; cold storage; a loading dock; a research lab; a tasting room/restaurant, which opens at noon daily; and offices, all in the riverside neighborhood near the SugarHouse Casino.
FOOD
January 1, 2016
Guess from these photos where Inquirer restaurant critic Craig LaBan ate this week. (Answers below.) 1. Pancita lamb tacos 2. Lamb meatballs with Moroccan stew and runner beans 3. Classic tomato pie For a fresh serving of Craig's Crumb Tracker quiz, join him 2 p.m. Tuesdays on his online chat: inquirer.com/ labanchats Answers: 1. Barbacoa South Philly (1703 S. 11th St.) 2. Lacroix at the Rittenhouse (210 W. Rittenhouse Sq.) 3. Mercer Cafe (Tacconelli's Pizza)
BUSINESS
December 3, 2015 | By Linda Loyd, Inquirer Staff Writer
The Philadelphia Regional Port Authority scheduled public briefings next week to talk about how developing about 200 vacant acres known as Southport, at the eastern end of the Navy Yard in South Philadelphia, will affect the port and present economic development opportunities. The meetings will be at 6 p.m. on Dec. 8 and Dec. 9 at the Philadelphia Sheet Metal Workers Hall, at 1301 S. Columbus Blvd. The state agency has received seven responses, called "request for qualifications," from firms interested in developing all or part of the maritime property, south of the Walt Whitman Bridge on the Delaware River.
NEWS
December 2, 2015 | By Linda Loyd, Inquirer Staff Writer
Aker Philadelphia Shipyard has a new name: Philly Shipyard Inc. Shareholders of the region's only commercial shipyard, meeting Monday in Oslo, Norway, where parent company Aker ASA is located, approved the name change, effective immediately. "Our new name is simple yet distinctive, and better defines who we are and where we are going," said Steinar Nerbovik, shipyard president and CEO. "As a standalone Philadelphia-based company, we continue our focus on building safe and quality ships that support the nation's commerce.
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.
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