Liberty Property Trust is scheduled to break ground next
week on a 94,000-square-foot speculative office building at the Philadelphia
Navy Yard.
Liberty and its joint venture partner, Synterra Partners,
are moving forward with the office project even though they have yet to secure
any tenants.
The decision speaks to the overwhelming demand for office
space at the Navy Yard. It also underscores how, in a short amount of time, the
South Philly campus has become as one of Philadelphia’s most desirable office
submarkets.
Liberty will unveil the design of the building and hold the
ground breaking on Tuesday. At the same time, it will also officially open what
is being called Central Green, a 5-acre park designed by James Corner Field
Operations.
The marking of those two projects is being billed as a
“landmark event” for the Navy Yard.
The new building’s design is expected to be remarkable. A
renowned international architectural firm, Bjarke Ingels Group, has designed
the structure.
The firm is known for its innovative and forward thinking
design. Among the projects it is working on is Two World Trade Center in New
York and Google’s new Mountain View, Calif. campus, which are both futuristic
looking and designed to inspire.
Source: Philadelphia
Business Journal
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