Dietz & Watson is set to break ground today on a $50
million distribution center within the Frankford Arsenal in the Tacony section
of Northeast Philadelphia.
The 200,000-square-foot building will bring more than 150
new jobs to the region. The facility will also employ approximately 700 workers
from the company's Delanco N.J. facility which was destroyed by a fire last
fall.
There was concern that the company would not stay in the
area after the fire.
To make it happen, the city bought 50 acres of land on
the northern end of the Frankford Arsenal from Mark Hankin, owner of the
arsenal, along with seven acres of recreational property from the state. Of the
57 total acres, the city sold 20 acres to Dietz & Watson, retained 30 acres
that it will market through the Philadelphia Industrial Development Corp. and
gave the seven acres, which is a boat launch, to the city’s parks and
recreation department.
Source: Philadelphia
Business Journal
No comments:
Post a Comment