PIDC, Philadelphia’s public-private economic development corporation, has selected a team comprised of Ensemble Real Estate Investments and Mosaic Development Partners as its development partner for 109 acres at the Philadelphia Navy Yard.
Ensemble's latest project under construction is in partnership with Gattuso Development. The 136,000 SF project consists of a build-to-suit office/lab at Philadelphia's Navy Yard for Iovance Biotherapeutics. Iovance will be producing cutting edge cell therapy manufacturing at the facility.
There has been an unprecedented amount of immediate economic challenges as a result of the COVID-19. Tenants of healthcare real estate include medical and dental practices and this sector has not been immune to the impact of the pandemic. Businesses are seeing changes in the short-term and could possibly see a long-term effect in how they conduct their practice such as operational shifts, reduced patient volume and an increase in virtual office visits creating a consequential need to contain expenses.
Ensemble is pleased to announce that Mark Seltzer has joined the company as Senior Vice President, Development - Northeast Region.
