News
POPULAR BEER MAKER MAY LAND IN PHILLY
March 28, 2012
| Is the Navy Yard about to get a shipment of Fat Tires? Could be, if the PIDC has anything to do with it. |
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| We found out the PIDC is in talks with Colorado-based New Belgium Brewing—producers of Fat Tire Ale—to open an East Coast brewery and distribution center at the Navy Yard. Roughly 100 jobs will be created if New Belgium puts down Philly roots, says deputy mayor of economic development Alan Greenberger, who sits on the PIDC's board. Alan also cautions the microbrewer is considering Asheville, NC for its East Coast HQ. (We think this, as with pretty much everything else, deserves a hearty toast.) |
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| That was just one of the many positive-growth indicators shared inside the packed Grand Ballroom of the Rittenhouse Hotel last Friday, where Bisnow's Future of Center City gathered some 250 members of Philadelphia's CRE community to discuss and debate the uncharacteristically large number of municipal-driven projects(many of them already well under way) that are transforming the face of Philadelphia. |
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| Deputy mayor for environmental and community resources Michael DiBerardinis (right with Center City District CEO Paul Levy) says the proposed $20M renovation of Center City's LOVE Park will very likely go forward. ("Money can't by me love," but it sure as heck can renovate it.) "Tens of millions of dollars" were set aside in this year's budget that could potentially go toward the project, Mike says, which should kick off sometime in 2013. |
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| The "significant overhaul" of the Gallery at Market East, which has both public and private components, will be a "game-changer" for the depressed commercial zone of Market Street East, Alan says. The new Market East signage law and the redevelopment of area spaces for the incoming Philadelphia Media Network—which signed a 125k SF HQ lease with PREIT for the old Strawbridge building last December—are just two sure signs that this long-blighted strip of Market might finally be looking up. |
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| We chatted briefly with Cozen O'Connor's Suzanne Mayes (a sponsor of our event). Suzanne tells us her firm is about to tackle the financing end of Temple University's new Broad Street library, a $210M project that's part of the school's 20/20 development plan. |
