The Commonwealth of Pennsylvania has awarded a $30 million grant to advance development at the Philadelphia Navy Yard. The funding will support site preparation on a 54-acre parcel, paving the way for new commercial and advanced manufacturing projects.

Developers Ensemble Investments and Mosaic Development Partners, who are leading the Navy Yard’s transformation, will use the grant to prepare six shovel-ready lots that can accommodate between 500,000 and 700,000 square feet of new development. Work will include road and utility installation, excavation, grading, and stormwater management.

This investment is part of the inaugural round of the Pennsylvania Strategic Investments to Enhance Sites (PA SITES) program, which is allocating $64 million across 11 statewide projects. Governor Josh Shapiro and Department of Community and Economic Development Secretary Rick Siger announced the grant on Tuesday.

Ensemble/Mosaic is leading a $6 billion redevelopment of 109 acres at the Navy Yard, a plan first awarded by the Philadelphia Industrial Development Corp. in 2020. The long-term vision includes 9 million square feet of new space—supporting life sciences, manufacturing, retail, and housing—and is expected to generate 12,000 jobs.

*Article courtesy of Philadelphia Business Journal

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