Philadelphia's Navy Yard has quietly become one of the city's more interesting residential stories this year. The decommissioned naval base, now home to more than 150 companies and 16,000 employees, recently welcomed its first wave of residents into two new apartment complexes, Constitution and Normandy, developed by AVE. The developer is calling it Philadelphia's newest neighborhood, and while leasing is still catching up to the space available, the residents who have moved into the Navy Yard describe a lifestyle unlike anything else in the city.
Early residents point to short commutes, quiet surroundings, free street parking, and access to more than 20 acres of parks and river walking paths as major draws. One resident described it as feeling almost suburban while still being close to the city. As more retail, a second hotel, and eventually thousands more units come online, the Navy Yard is shaping up to be a long term bet worth watching, especially for buyers and renters who value walkability and green space without giving up proximity to Center City.
- The Navy Yard's 1,200 acre site now houses over 150 companies employing 16,000 people
- More than a third of the 347 units at Constitution are leased, with Normandy filling in behind it
- Residents cite short commutes, free street parking, and access to river walking paths as top perks
- Long term plans call for up to 4,000 apartments alongside more retail and a second hotel
For anyone weighing a move to Philadelphia who wants space, quiet, and a shorter commute without sacrificing city access, the Navy Yard is a neighborhood worth keeping an eye on as it continues to fill in.
Photo Credit: Alejandro A. Alvarez / Staff Photographer, The Philadelphia Inquirer
