Ensemble / Mosaic

What Ensemble / Mosaic does

Ensemble / Mosaic is a private joint venture formed in 2022 between Ensemble Real Estate Investments (a national real estate firm with a 40-year track record in commercial, hospitality, and multi-family development) and Mosaic Development Partners (a Philadelphia-based developer with 13 years of neighborhood revitalization experience). The venture was established in partnership with PIDC, Philadelphia's public-private economic development corporation, and the City of Philadelphia to execute the 2022 Navy Yard Plan — a 20-year master plan targeting $6B of investment (of which $4.8B is attributed to Ensemble/Mosaic), 8.9 million square feet of new development, 12,000 new jobs, 2,800+ housing units, 450 hotel rooms, 20 acres of new parks, and 6.3 miles of waterfront activation.

The company is building an integrated mixed-use community at the Philadelphia Navy Yard comprising life science and biotech laboratory facilities, commercial office, luxury and mixed-rate residential, retail and hospitality, and recreational/open space. Its lead asset is 1201 Normandy Place, a four-story, 137,000-square-foot speculative multi-tenant R&D lab building designed in consultation with CRB and optimized for cell and gene therapy tenants, with predetermined clinical GMP space, 15'-16' floor-to-floor heights, central-plant HVAC with water-cooled chillers, backup power generation, and 22' x 50' column spacing. The company also capitalizes two philanthropic vehicles — the Building Better Foundation and the TNY Empowerment Foundation, each seeded with $1 million — as part of a broader $2.6B ESG commitment and $1B opportunity target for minority and women-owned businesses.

Ensemble/Mosaic monetizes through three streams: commercial and life science space leasing (speculative and build-to-suit), residential unit sales within mixed-rate and luxury product lines, and ongoing property management of assets inside the Navy Yard. Go-to-market is enterprise field sales targeting cell/gene therapy and biotech tenants for the life science component, supplemented by a CBRE brokerage relationship for commercial leasing and a co-development/regulatory channel via PIDC and the City of Philadelphia. The only tenant publicly disclosed at the asset level is bioMérieux, Inc., which signed the first lease at 1201 Normandy Place in March 2023. The venture is not publicly traded; revenue, ARR, and ownership splits are not disclosed.

Name

Ensemble / Mosaic

Legal name

Ensemble / Mosaic

Website

https://ensemblemosaic.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Ensemble / Mosaic is a private joint venture between Ensemble Real Estate Investments and Mosaic Development Partners, executing a $6B, 20-year mixed-use master plan at the Philadelphia Navy Yard in partnership with PIDC, delivering life science labs, residential, retail, hospitality, and parks.

Ownership category

akta.pro rank

Product category

Mixed-Use Real Estate Development

NAICS

Industrial Building Construction (23621), Land Subdivision (23721)

SIC

Construction - Special Trade Contractors (1700)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Mixed-use real estate development
• Life science laboratory facilities
• Commercial real estate leasing
• Residential housing development
• Hospitality and retail development

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Commercial Space Leasing: Commercial real estate development generating revenue through speculative and build-to-suit leasing of life science, manufacturing, and office space to enterprise tenants
2. Residential Development Sales: Development and sale of luxury residential units and mixed-rate housing
3. Property Management: Property management services for commercial and residential properties within the Navy Yard development

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Ensemble / Mosaic is a joint venture real estate developer transforming the Philadelphia Navy Yard into a 20-year, $6 billion mixed-use community. The company develops, leases, and sells life science/biotech laboratory space, commercial offices, luxury and mixed-rate residential housing, retail and dining venues, a 450-room hotel, and waterfront park amenities to enterprise tenants and individual residents.

Product overview

Ensemble / Mosaic is a joint venture real estate development company that operates as a single unified offering—the development and management of mixed-use real estate projects at the Philadelphia Navy Yard. The core product is the Navy Yard development itself, comprising life science, office, residential, retail, hospitality, and recreational spaces. Key named projects include 1201 Normandy Place (a speculative R&D lab building) and associated residential developments. The company also operates philanthropic foundations (Building Better Foundation and TNY Empowerment Foundation) as part of its ESG commitments. There are no separate modular products or platform components—all offerings are components of the integrated Navy Yard development project.

Differentiator

Problem solved

Functional benefit

Brands

• 1201 Normandy Place: First speculative multi-tenant research and development lab building at the Navy Yard. Four stories, 137,000 square feet, optimized for cell and gene therapy companies.

Products and services

• Ensemble / Mosaic at The Navy Yard A master-planned mixed-use real estate development at the Philadelphia Navy Yard delivering 8.9 million sq ft of new space over 20 years, including 2.3 million sq ft of life science/manufacturing/office space, 2,800+ luxury and mixed-rate housing units, 450 hotel rooms, retail, dining, and 20 acres of parks across 6.3 miles of waterfront. Developed in partnership with PIDC and the City of Philadelphia for enterprise tenants, residents, and visitors.
• 1201 Normandy Place First speculative multi-tenant research and development lab building at the Navy Yard — a four-story, 137,000 sq ft facility optimized for cell and gene therapy companies and other life science/biotech users. Includes 15'-16' floor-to-floor heights, backup power generation, in-place HVAC systems, 2 loading docks, a 5,000 lb freight elevator, predetermined clinical GMP space, 22'x50' column spacing, tenant balconies, central plant HVAC with water-cooled chillers, customizable electrical output, built-in emergency power, collaborative work spaces, outdoor balconies, and a first floor café.

Quantifiable outcome

• 8.9 million square feet of new development planned over 20 years
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• PIDC (Philadelphia Industrial Development Corporation)coreStrategic or Co-development Partner · 1 January 2022PIDC is Philadelphia's public-private economic development corporation. Ensemble/Mosaic partners with PIDC to transform the Navy Yard, having executed a development agreement and revealing the 2022 Navy Yard Plan together. PIDC provides access to development opportunities and city support for the $6B, 20-year master plan.
• Oxford Properties GroupcoreStrategic or Co-development Partner · 1 January 2022Oxford Properties Group partnered with Ensemble/Mosaic to break ground on 1201 Normandy Place and create a 3 million sq. ft. life science hub. Oxford is a major real estate investor and developer, providing capital and development expertise for the life science component.
• James Corner Field OperationscoreStrategic or Co-development Partner · 1 January 2022Working with James Corner Field Operations on the 2022 Navy Yard Plan - a transformative roadmap for equitable growth. James Corner Field Operations provides urban planning and design expertise.
• City of PhiladelphiacoreStrategic or Co-development Partner · 1 January 2022Ensemble/Mosaic works in partnership with the City of Philadelphia and PIDC to bring physical and economic transformation to the Navy Yard. The city provides regulatory support and alignment for the development.
• CBREminorChannel Partner/ Reseller/ DistributorCBRE handles property listings for commercial leasing, including 1201 Normandy Place life science building. CBRE provides commercial real estate brokerage services for the property.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Wexford Science & Technology: Developer and operator of purpose-built life science and innovation district campuses (e.g., One uCity Square in Philadelphia, Baltimore, Memphis). Closest pure-play peer: matches E/M's life science lab specialization, university/medical-anchored innovation district thesis, and mixed-use approach.
• The Cordish Companies: Privately-held developer of large-scale mixed-use, live-work-play communities combining residential, office, retail, and hospitality (e.g., Four Seasons/Baltimore, Texas Live, Stadium District). Comparable on integrated mixed-use model and live-make-play marketing positioning.
• National Development Council / National Real Estate Advisors: National real estate investment and development firm specializing in large-scale mixed-use, master-planned districts with institutional capital partners. Comparable model: long-horizon mixed-use project with heavyweight institutional co-investors.

Broad incumbents

• Alexandria Real Estate Equities: Public REIT that is the dominant institutional developer/owner of life science laboratory campuses in the US (Boston/Cambridge, South SF, San Diego, NYC). Most directly comparable as a Class-A life science build-out specialist — Ensemble/Mosaic's 1201 Normandy Place and 3M sq ft hub compete for the same biotech tenant base.
• Lendlease: Global developer of large-scale mixed-use and life science projects (e.g., Beacon Innovation District, Boston Seaport). Comparable on large master-planned mixed-use communities with life science and residential components at scale.
• Skanska USA Commercial Development: Commercial development arm of Skanska developing Class-A office and life science buildings in major US markets. Comparable on institutional-grade speculative office/lab development and large-tenant build-to-suit capability.
• Liberty Property Trust (now Prologis): Former Philadelphia-based REIT and prior Navy Yard owner/operator; assets acquired by Prologis. Directly comparable as a prior institutional Navy Yard stakeholder and large-scale industrial/office life science landlord in the same geography.

Emerging players

• Capstone Development Partners: Developer of mixed-use, multifamily, and student housing projects often structured as public-private partnerships with universities and cities. Comparable on the PIDC-style public-private joint venture structure and mixed-income residential model.

Regional players

• Brandywine Realty Trust: Philadelphia-headquartered public REIT with large-scale mixed-use development including Schuylkill Yards and life science/office inventory in the city. Most direct Philadelphia-based geographic peer, also targeting the same life science/lab conversion opportunity.
• Toll Brothers City Living: Luxury residential developer with active urban for-sale condominium and townhome communities (including in Philadelphia). Comparable on the residential for-sale component of E/M's 2,800+ housing unit plan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ensemblemosaic

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ensemble / Mosaic