Nationally focused developers including Houston-based Hines and Washington’s Hoffman & Associates are among those vying for the chance to lead the next stage of rebuilding at South Philadelphia’s Navy Yard, an effort that’s slated to include, for the first time, an around-the-clock residential population.
The companies were identified late last week by the city-government-affiliated Philadelphia Industrial Development Corp. on a short list of five semifinalists for the task of reimagining two sections of the former military barracks, which cover 109 acres.
One area is envisioned to become a dense community of apartments, shops, and offices. The other is seen as evolving into an extension of the former base’s existing business-and-research park.
The shortlisted companies are:
The short list was culled from a pool of 35 applicants who responded to a request from the PIDC last year to submit proposals for the two sites that it wants to see developed. A final decision is expected later this year, the agency said.
One of the sites is a 12-acre zone northeast of Urban Outfitters Inc.’s headquarters campus that PIDC has earmarked for 1,000 to 1,500 apartments in restored buildings, along with restaurants and shops to serve residents and nearby office and lab workers.