NEW MARKET TAX CREDIT PROJECT OXFORD MILLS, WELL UNDER WAY

In October 2012, PIDC closed on a New Markets Tax Credit (NMTC) financing for the adaptive reuse of a former factory complex in the South Kensington neighborhood of Philadelphia.  Oxford Mills is a $37.8 million mixed-use project that will develop 114 apartments marketed primarily to Philadelphia’s public school teachers, 38,000 square feet of office space

THE NAVY YARD – 2012 REVIEW AND 2013 PREVIEW

The Navy Yard had a very busy and successful 2012, including numerous groundbreaking and grand opening ceremonies, the launch of new shuttle services, and fun events like the first Lunch Truck Lineup. With 2013 well underway, The Navy Yard already has many of this year’s plans in progress or upcoming including various construction projects, and

VILLANOVA OFFERS SUSTAINABILITY CREDENTIAL PROGRAM AT THE NAVY YARD

The Green Building Certification Institute (GBCI) has announced that the International Facility Management Association (IMFA) Sustainability Facility Professional Credential Program (SFP) has been approved for 70 general continuing education hours. LEED certified individuals can earn 70 CE credits for completing the SFP course. Villanova University, in partnership with IFMA, offers Facility Management Professional Credential (FMP) classes

PIDC 2012 YEAR-END REVIEW

Philadelphia’s economic strength lies in the diversity and innovation of its people, its institutions, and its business community.