Wednesday, July 1, 2015

No more room at Navy Yard as Liberty breaks ground on new building



Liberty Property Trust has been working for about a year on plans for a new building at the South Philadelphia site.


Liberty has 1.25 million square feet at the Navy Yard that is fully leased and, at the same time, has 400,000 square feet of prospects that have shown an interest in relocating to the campus overlooking the Delaware River.

With that in mind and signs of an improving real estate market, the Malvern, Pa., real estate investment trust brought in a year ago Bjarke Ingels Group to design a 94,000-square-foot structure overlooking its new Central Green. It wanted the design to be special.

“The Navy Yard has always been about experimenting and pushing the envelop when it comes to design and furthering the vision of the Navy Yard as a modern, exciting place,” said Brian Cohen, vice president for Liberty.

When a team of architects from Bjarke Ingels Group walked the Central Green and took at look at the Navy Yard, they felt there was a unique opportunity to design a building that engaged the park in a playful way, Cohen said. The result is a four-story structure that compliments the contours of the circular park and appears as if it’s trying to grasp it.

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