The Navy Yard is celebrating its 25th mixed-used redevelopment anniversary.
“Twenty-five years ago, the future of the former Philadelphia Naval Shipyard hung in the balance. After years of uncertainty, the Shipyard had officially shut its gates on September 26, 1996 - bringing the loss of tens of thousands of jobs and leaving behind a vast, silent industrial landscape,” the Navy Yard explained.
“But that changed when PIDC—Philadelphia’s public-private economic development corporation—acquired control of the Navy Yard on behalf of the City of Philadelphia in 2000. What followed was a long-term vision rooted in public-private partnership, persistence, and possibility. Today, the Navy Yard stands as one of the country’s most successful examples of large-scale, mixed-use redevelopment—home to more than 150 companies across various industries, more than 16,500 employees across educational levels, and billions in investment—and stands as a national model for resiliency as the largest LEED® Neighborhood Development in the United States.
“In 2025, PIDC—together with our development team Ensemble/Mosaic—marked the Navy Yard’s 25th anniversary of transformation and impact with a yearlong celebration recognizing its role in driving investment, creating jobs, and attracting businesses across Philadelphia.”
You can watch a video on the redevelopment of the Navy Yard via the link below:
