The proposed restaurant property is a 5,000-sf historic building on Broad Street at the main entrance to the Navy Yard, which is also accessible from I 95 and within walking distance of the Sports Complex. The proposals are due Dec. 9.
Locally based Urban Outfitters is relocating its headquarters from 1809 Walnut Street into a campus that encompasses six historic buildings aggregating 287,000 sf along the Navy Yard's Kitty Hawk Avenue. According to PIDC, 180 of the company's 600 employees are now located and the site, and the others are due in summer 2006.
A joint venture between Malvern-based Liberty Property Trust and locally based Synterra Partners is completing a 77,000-sf office building adjacent to the proposed restaurant site. In a February conference call, William Hankowsky, Liberty's chairman, characterized leasing in the building as "healthy, not as far as robust." Initial tenants will begin moving in by the end of this year.
The same JV just broke ground on a 50,000-sf build-to-suit, which is scheduled for occupancy by fourth-quarter 2006. Hankowsky says Liberty also has three additional Navy Yard build-to-suit proposals in negotiation.
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