PHILADELPHIA (March 9, 2018) – PIDC today released a request for proposals (RFP) soliciting interest in the redevelopment of the 35.5 acre property at 5501 Tacony Street in the Bridesburg section of Philadelphia. The availability of this key site offering direct access to I-95 within a strong industrial corridor provides an exciting opportunity to create a modern logistics, distribution, warehousing or manufacturing facility in Philadelphia.
“We are pleased to bring this terrific development opportunity to the market,” said John Grady, PIDC President. “A site of this size, ready for large–scale development, with direct access to Philadelphia’s transportation infrastructure is poised to take advantage of the city’s strategic location and connection to dense consumer markets.”
The RFP was released on the same day as a new report titled Philadelphia Delivers: A Hub for Logistics and Distribution. PIDC, the City of Philadelphia Departments of Commerce and Planning & Development, Philadelphia International Airport, PhilaPort, and JLL have complied research and data which makes the case for Philadelphia as a competitive location for the logistics, distribution, and e-commerce sectors. Highlighting Philadelphia’s proximity to consumers, deep labor pool, and extensive transportation network, the report can be viewed here. The report also details market and real-estate opportunities with the potential to flourish in Philadelphia’s urban industrial environment, of which the site at 5501 Tacony is a prime example.
Proposals for development of 5501 Tacony Street are due April 20, 2018. A selection committee will evaluate the proposals based on the experience and qualifications of the development team, feasibility and quality of proposed project, value, commitment to economic inclusion and other pertinent criteria. The full RFP and background materials can be found here.