Another Firm Moving To The Navy Yard

 

DIGSAU

DIGSAU

  • Naked Philly looks at the results of Cedar Park Neighbors’ (CPN) community survey. Generally, there was agreement in bolstering Baltimore Avenue’s commercial development, as well as ensuring that businesses are better tied to the neighborhood. Yet CedarPark residents seem torn between focusing on increasing rentals or home ownership.
About the author

Stephen Currall recently received his BA in history from Arcadia University. Before beginning doctoral studies, he is pursuing his interest in local history, specifically just how Philadelphians engage their vibrant past. Besides skimming through 18th century letters, Steve is also interested in music and travel.

Send a message!



5 Comments


  1. More Nutter \”job growth\” – where existing Philadelphia businesses get special tax breaks at the Navy Yard, just to stay in the City (which they would otherwise leave for localities with lower tax burdens). So who will fill their spot at the Cira Center? A non-profit? Nobody?

  2. Lets just move Comcast and every other major employer down there. Gut center city till it is a ghost town. I guess that it is keeping businesses in the city that might have moved out. But it is leaving big holes to fill in other parts of the city. The Navy Yard should be used to bring in new businesses that are not sure if they want to be in a downtown setting.

  3. This is the epitome of the Navy Yard Planning failures. Encouraging businesses to leave the centralized, well planned areas with public transit access, for a new suburban sprawl style office park that is only accessible by car.

  4. Contrary to several of the above comments, this development represents a significant success for the city and the Navy Yard. The tenant in this case, Franklin Square Partners, is leaving a 15,000 square foot space at Cira Centre and will be leasing an entire new building of 80,050 square feet at the Navy Yard. it is true that they currently are eligible for KOIZ benefits at Cira and this will continue at 201 Rouse Boulevard. however, the significant growth of high-wage jobs being created by this firm is real as is the $25 million all private investment in the building by Liberty Property Trust. The space being vacated at Cira will quickly be relet, as trophy quality space is currently very scarce in Center City. in fact, this was one reason the firm sought a location at the Yard. Center City is not in peril. We, in fact, will likely see new high-rise office construction be announced there within the next 12 months dur to tenant demand. it is perhaps time for us to have confidence in the fact that Philadelphia and Center City have matured to the point where the city is capable of supporting multiple centers of significant economic activity. Centers which do not threaten one another, but rather, reinforce the city as a compelling location for a diverse cross section of business.

Leave a Reply

Comment moderation is enabled, no need to resubmit any comments posted.

 

Recent Posts
Reading The Economic Tea Leaves As The Delaware Deepens

Reading The Economic Tea Leaves As The Delaware Deepens

May 23, 2016  |  Morning Blend

Some caveats for the port boosters, Shurs Lane factory unveiled as rental units, and Philly to slip in population ranking > more

Brooding Drueding on the Cusp

Brooding Drueding on the Cusp

May 23, 2016  |  The Shadow Knows

For decades, a contiguous eight-and-ten-story complex has loomed over Fifth & Master, a behemoth reminder of the loss of industry. But! The Shadow sees light at the end of the tunnel for the Drueding Brothers building, a.k.a. the Umbrella Factory > more

Good, Bad, and Ugly: A Survey of Fishtown's New Construction

Good, Bad, and Ugly: A Survey of Fishtown’s New Construction

May 20, 2016  |  Vantage

As Fishtown struggles to keep up with its own renown, developers have likewise tried to keep up with housing demand. Frankford Avenue alone looks drastically different than it did just five years ago, and on streets big and small throughout the neighborhood, new homes have sprouted like weeds. With the fourth and final installment of Fishtown Week, we survey the new housing that has grown—and continues to grow—the neighborhood > more

Fishtown Adaptation

Fishtown Adaptation

May 19, 2016  |  Vantage

While demolitions have been plenty and new constructions have been many, Fishtown has an all-star list of old buildings breathing invigorated new life. Day 3 of Fishtown Week looks at the neighborhood's best examples of adaptive reuse > more

Excavating The American Revolution

Excavating The American Revolution

May 19, 2016  |  Morning Blend

Sifting through colonial privies, Planning Commission okays Sharswood PHA HQ plans, $30 million in upgrades coming to PHL, talking the history of Chinatown, and breaking the rules of historic house museum presentation > more

Historic Fishtown, Tier 2

Historic Fishtown, Tier 2

May 18, 2016  |  Vantage

Despite its colonial origins and an abundance of buildings dating to the 1800s, Fishtown has little protected by way of historic designation. Part 2 of Fishtown Week looks at historic buildings not listed on the Philadelphia Register of Historic Places, some of which are on the National Register > more