AVE Pioneers Evolved Urban Apartment Living at the Philadelphia Navy Yard
PLYMOUTH MEETING, Pa. – July 7, 2025 – AVE, the residential brand of Philadelphia’s Korman Communities, in partnership with Ensemble Investments (Ensemble) and Mosaic Development Partners (Mosaic), today reveals details surrounding the pioneering AVE Navy Yard development (1200 Normandy Place/1225 Constitution Avenue) slated to open in Philadelphia this fall. AVE Navy Yard, comprised of two distinct, yet complementary state-of-the-art apartment communities, expands the cutting-edge Navy Yard, which is currently home to 150 companies, diverse eateries and sprawling green spaces, delivering the city’s first new neighborhood in a generation.
“AVE Navy Yard is trailblazing evolved urban apartment living at Philadelphia’s historic waterfront, with contemporary apartments, best-in-class amenity spaces and our signature award-winning service,” said Brad Korman, Co-CEO of Korman Communities. “Having been voted best apartment management company in America three years in a row, we are proud to welcome residents to the newest state-of-the-art residential project at the Navy Yard.”
Designed by Philadelphia-based DISGSAU and Moody Nolan, AVE Navy Yard’s residential communities, named Constitution and Normandy, feature 614 contemporary apartments, along with seven-day-a-week service and 75,000 square feet of on-demand wellness, business and entertainment amenities. Oriented around the intimate, half-acre, European-inspired Chapel Plaza designed by Philadelphia-based landscape design firm Olin, AVE Navy Yard will also offer 25,000 square feet of restaurant and boutique retail space.
“Ensemble is proud to help bring AVE Navy Yard to life – this project reflects our commitment to creating distinctive, high-quality spaces that elevate everyday living,” said Brian Cohen, Managing Director at Ensemble Investments. “The Navy Yard is transforming into a true 24/7 neighborhood, with expansive parks, waterfront trails, and vibrant retail on the horizon.”
AVE Normandy
With a focus on elevated apartment living, AVE Normandy offers flexible-stay, furnished apartments and luxury apartment rentals. Residences boast chef-inspired kitchens; spa-like bathrooms featuring showers with glass doors or deep-soaking tubs; spacious built-in closet systems; and Whirlpool washers and dryers in each apartment. Apartments include one-bedrooms starting at $2,460, two-bedrooms starting at $3,783 and three-bedrooms starting at $6,594.
Standout amenities include an award-winning resident services team, resort-style pool and sundeck; gaming lounge with billiards; golf simulator; expansive 24/7 fitness center with top-of-the-line equipment and seven individual fitness pods for yoga, meditation and weights; soundproof recording studio for podcasting and music; pet spa; and Zen courtyard with firepit lounge.
Business amenities include AVE’s most extensive business space to date featuring a boardroom; conference rooms of various sizes; 12 individual work pods; a business center; and flex workspaces for remote work. Residents also enjoy a spacious café with a hot beverage bar, lounge and library.
AVE Constitution
Designed for the modern lifestyle, AVE Constitution features luxury, market rate, and income-restricted, affordable apartments, all boasting nine-foot ceilings with floor-to-ceiling windows; fully accessorized kitchens with Samsung stainless steel appliances; spa-like bathrooms offering showers with glass doors or deep-soaking tubs; spacious closets; and Whirlpool washers and dryers in each apartment. Market rate apartments include studios starting at $1,928, one-bedrooms starting at $1,885 and two-bedrooms starting at $3,007. Income-restricted, affordable apartments will also be available, with rents varying based on resident income.
Featured amenities include a social lounge with television viewing area and fireplace; gaming room with poker table; outdoor courtyard; expansive 24/7 fitness center with top-of-the-line equipment and seven individual fitness pods for yoga, meditation and weights; coffee bar; business center with individual workpods; private party room; and pet spa.
Neighborhood
Recently named the largest LEED Neighborhood Development (ND) in the United States, achieving LEED-ND Gold Certification, the Philadelphia Navy Yard’s vibrant live-work-play community features 20 acres of green space across five parks and six miles of waterfront. Residents enjoy easy access to numerous dining, sports and entertainment venues, along with walkable commutes to major employers like Urban Outfitters, Jefferson Health, Adaptimmune, Coriell Life Sciences, Iovance Biotherapeutics and WuXi Advanced Therapies.
“AVE Navy Yard is redefining what it means to live, work, and breathe all in one connected space. It’s exciting to be part of a vision that’s not just active during the day, but truly alive 24/7, a community built for constant energy, creativity, and connection,” said Leslie Smallwood-Lewis, Co-founder and COO of Mosaic Development Partners JV.
AVE Navy Yard will welcome move-ins this fall. For more information and to join the early interest list, visit www.aveliving.com/locations/greater-philadelphia/navy-yard.
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About AVE and Korman Communities
Korman Communities is a fully integrated, fifth-generation, 100-year-old real estate investment and property management company with nearly 40 properties across the United States and London. AVE specializes in elevated apartment living for discerning renters and individuals seeking a flexible living solution for business or personal lifestyle. Based in the Philadelphia market, AVE conveniently offers traditional unfurnished apartments along with fully furnished apartments with flexible lease options. Each community features a dedicated service team and unparalleled business, wellness, and entertainment amenities such as flex workspaces with gigabit Wi-Fi; resort pools; firepit lounges; 24-hour, state-of-the-art fitness centers; wellness classes; bike share; tranquility gardens; pet spas and parks; media theaters; and outdoor gaming and recreation. Ranked the No. 1 property management company in the U.S. based on renter satisfaction for the last three consecutive years, AVE provides comfort and seamless living for those who want to LIVE BETTER®. www.aveliving.com.
About Ensemble/Mosaic
Ensemble/Mosaic is a joint venture between Ensemble Investments, LLC and Mosaic Development Partners JV. The partnership is the exclusive developer of a 109-acre mixed-use development at the Navy Yard in Philadelphia, including office, life science, retail, hospitality and the first residential complex to be built in the community. Ensemble/Mosaic, in partnership with PIDC, directed the creation of the 2022 Navy Yard Comprehensive Plan. Ensemble/Mosaic has pledged $1B over 20 years to diversity, equity and inclusion (DEI) hiring and initiatives.
Ensemble Investments, LLC, established in 1989 and with offices in Long Beach, California, Philadelphia and Phoenix, has successfully invested and developed more than $2 billion in real estate across the United States. Mosaic Development Partners JV is a Philadelphia-based, minority certified (MBE) commercial real estate development firm established in 2008. Mosaic focuses on ground-up development and adaptive reuse of land and buildings. For more information, visit http://www.ensemblemosaic.com, www.ensemble.net, and www.mosaicdp.com.
