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Ensemble/Mosaic Launches Ambitious ESG/DEI Initiative at Philadelphia Navy Yard

Ensemble Real Estate Investments and Mosaic Development Partners (Ensemble/Mosaic) has launched an ambitious Environmental, Social & Governance (ESG) program at the Philadelphia Navy Yard, the bedrock of Ensemble/Mosaic’s plan to develop 109 acres of the campus.

“We believe our $2.6-billion ESG initiative to be one of the most significant commitments by any developer for any development in our country,” said Ensemble chairman Kam Babaoff. “And, as part of this ambitious plan, we are committing $1 billion to diversity, equity and inclusion (DEI) initiatives – again, likely the largest pledge ever in our industry.” 

PIDC, Philadelphia’s public-private economic development corporation and master developer of the Navy Yard, and Ensemble/Mosaic are partnering on the 2022 Philadelphia Navy Yard Plan Update. Ensemble/Mosaic will invest the $2.6 billion of development in the 1,200-acre campus over the next two decades. The venture anticipates breaking ground on its first buildings in the fourth quarter.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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