LOGISTICS REAL ESTATE OPPORTUNITIES

In April 2018 PIDC and our partners released Philadelphia Delivers: A Hub for Logistics & Distribution. Since the release of this report which outlined the case for logistics and distribution facilities in Philadelphia’s well-suited industrial land, the city has continued to see investments in this industry. Proving there is major growth opportunity for the market,

LOWER SCHUYLKILL RIVER

The Lower Schuylkill is one of Philadelphia’s oldest and most developed industrial corridors. Once a vibrant hub of heavy industry, the Lower Schuylkill was hit hard by the contraction of the industrial sector in the latter half of the 20th century. Despite these challenges, the Lower Schuylkill’s strategic location, transportation assets, industrial character, and zoning

UPDATE ON LOWER SCHUYLKILL RIVER DEVELOPMENT

Since the adoption of the Lower Schuylkill Master Plan, PIDC along with the City and its partners have been dedicated to reclaiming industrial waterfronts, converting publicly owned land to green space, and integrating roads, trails and infrastructure to spur development and investment in the 3,700-acre industrial district. Find out about the exciting progress to date.

LOW-COST LOANS AVAILABLE TO CLEAN UP CONTAMINATED PROPERTIES

PIDC has funds available from its revolving Environmental Remediation Fund for brownfield remediation.  The fund provides low-cost loans to Philadelphia landowners seeking to clean up contamination on their properties.  The program seeks sites predominantly located in the Lower Schuylkill area of Philadelphia, however sites located elsewhere in the City will also be considered.

THE LOWER SCHUYLKILL CONTINUES TO ADVANCE

The Lower Schuylkill is continuing its transformation into a great revitalization story for Philadelphia.  In 2013 a long-term plan was introduced to reposition the 3,700-acre, historically industrial corridor as a modern, integrated network of three distinct business campuses.

EPA, PIDC, AND UNIVERSITY OF PENNSYLVANIA CELEBRATE PENNOVATION CENTER AS THE FIRST DEVELOPMENT IN LOWER SCHUYLKILL RIVER’S INNOVATION DISTRICT

PHILADELPHIA– PIDC, Philadelphia’s public-private economic development corporation, today gathered with the Environmental Protection Agency (EPA) and University of Pennsylvania at the Pennovation Works on the banks of the Lower Schuylkill River to announce completion of a $600,000 investment by PIDC and the EPA which has helped in realizing the first major development in the Lower

Developments in the Lower Schuylkill River

The Lower Schuylkill Master Plan, which aims to revitalize Southwest Philadelphia and create a 21st century industrial district, is seeing many new developments already transforming this area of Philadelphia. In July, Mayor Kenney, Councilwomen Jannie Blackwell, the John Bartram Association and students from Woodlands Academy celebrated the ribbon cutting of the Anne Bartram Carr Garden.

DEVELOPMENTS IN THE LOWER SCHUYKILL RIVER MASTER PLAN

Implementation of the Lower Schuylkill Master Plan continues to change the landscape of Philadelphia. The Pennovation Center, a 58,000 square foot business incubator and laboratory, set to open this August is well underway at the northern edge of the master plan’s Innovation District. The University of Pennsylvania has been working to attract tenants to the

TWO OPEN HOUSES FOR THE LOWER SCHUYLKILL MASTER PLAN

In May, the Philadelphia City Planning Commission (PCPC), Department of Commerce (Commerce) and the Philadelphia Industrial Development Corporation (PIDC) introduced the Lower Schuylkill Master Plan, an economic development and revitalization initiative for a 3,700-acre, historically industrial corridor on the east and west banks of the lower Schuylkill River.