CONSTRUCTION UPDATE AT THE NAVY YARD
The Navy Yard welcomes spring with a campus full of buzzing activity, including five new construction and renovation projects! The square footage of these five buildings together represents more than 310,000 square feet of new space at The Navy Yard, as well as over $120 million of investment. Keep reading for details on these projects!
1 + 2: Consortium for Building Energy Innovation (CBEI) headquarters & Penn State’s conference and classroom building: Building 661, the future headquarters building for CBEI, is a 38,000-square-foot former U.S. Navy recreation center located at 12th & Kitty Hawk Ave. It will be called the Penn State Center for Building Energy Science and Engineering. When the retrofit is complete, the building will house the headquarters of CBEI and will showcase many energy saving technologies. The second building, named the Penn State Center for Building Energy Education and Innovation, is under construction directly across the street. It is a 25,000-square-foot conference center and classroom building. Both buildings are slated to be complete mid-summer.
3: Building 18: Urban Outfitters, Inc. (URBN) has been busy with renovations to Building 18, located between 16th and 17th Streets on Kitty Hawk Ave. This 92,000-square-foot building will be the 11th building in URBN’s portfolio at The Navy Yard, and will house the headquarters for one of its brands, Anthropologie. Building 18 was formerly a metal foundry and is interestingly the only cross-shaped building at The Navy Yard, from a bird’s eye view. Building 18 will be completed in April 2014.
4. 201 Rouse Blvd for Franklin Square Capital Partners: 201 Rouse Blvd. broke ground in fall 2013 and is taking shape already! The topping off took place a few weeks ago for this 80,050-square-foot, Class A office building, which will serve as the headquarters for Franklin Square Capital Partners. Liberty Property Trust /Synterra Partners is developing this project, expected to be completed in early 2015. The building is located on 4.4 acres just south of the recently opened Courtyard by Marriott and will front the newly developed 5-acre Central Green park with various recreational amenities.
5: Commerce Center 3: The Navy Yard Commerce Center development team Liberty Property Trust/Synterra Partners has started site work on its newest and fourth project in the Commerce Center. The building is designed by Environetics, and will offer 75,000 square feet of flex space, similar to the adjacent two flex buildings on 26th Street. The groundbreaking is scheduled for April 2014 with anticipated completion date in December 2014. Ecosave is the first tenant to sign a lease for this new building. Stay tuned for more exciting leasing announcements coming soon in the Commerce Center!
Re-post from The Navy Yard Blog.