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Everything under the sun

By Fred Durso Jr. | News | South Philly Review

Ten years ago this month, the Philadelphia Industrial Development Corp., (PIDC) acquired the Navy Yard site in the hopes of ushering in a new era on such historic grounds. As the saying goes, history has a way of repeating itself.

Some big-named tenants are now calling the 1,200-acre site home, and to some city officials, the news is cause for celebration — or perhaps, reason to consume a Tastykake Krimpet. The Tasty Baking Co., which produces the delectable pastry and other Philly favorites, has invested more than $1 million in the construction of their new environmentally friendly distribution complex and bakery, which is expected to be fully operational by next year. Retailer Urban Outfitters is expanding operations, and HelioSphera, a Greek manufacturer of solar panels, recently announced the Navy Yard will house its U.S. production facility.

“Green” is the new buzzword at the Navy Yard, which now employs 7,000 people and has 5.5 million square feet of building space

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