New Spec Building Set to Break Ground at Navy Yard

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.

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