Liberty Property Trust, which owns and manages more than 17 million square feet of office, flex and industrial space in the Greater Philadelphia, Pennsylvania region, together with its joint venture partner Synterra Partners, broke ground today on a 94,000 square foot office building, the first in Philadelphia to be designed by the world-renowned Bjarke Ingels Group.
The event also featured a ribbon cutting ceremony officially opening the adjacent five-acre park, Central Green, developed in a joint investment by Liberty Property/Synterra, PIDC and the Commonwealth of Pennsylvania.
Central Green was designed by James Corner Field Operations, landscape architect whose notable projects include Philadelphia’s Race Street Pier and New York City’s High Line Park.
“Today as we break ground on 1200 Intrepid and cut the ribbon on Central Green, we are redefining the intersection of work and play,” said John Gattuso, Liberty Property Trust senior vice president and regional director, at today’s ceremony.
“With the help of two extremely talented design teams, we further advance the reality of The Navy Yard as one of the most compelling work environments in the Philadelphia region. Increasingly, The Navy Yard is a place where employees want to work and businesses from around the world want to call home,” he continued.
Today’s celebration marks two impressive additions to The Navy Yard and kicks off a new block of development at the campus.