The Eastern Atlantic States Regional Council of Carpenters plans to relocate its headquarters and two local training centers to the Philadelphia Navy Yard. “It’s really only the beginning of the story, and we’re going to be doing a lot of neat things down there,” William Sproule, the group’s executive secretary-treasurer, said. The council had outgrown its Spring Garden Street facility and started seeking a new property about two years ago. The council purchased the Navy Yard building for $52.5 million, Sproule said, and the deal closed on Dec. 19, 2025. The building at 5 Crescent Dr. previously sold for $130.5 million in 2018. The four-story, 208,000-square-foot building was designed for drugmaker GSK, which moved its operations to University City’s FMC Tower. Plans for the Navy Yard site include constructing a training facility adjacent to the purchased building that would eventually replace the council’s Northeast Philly and New Castle training centers. Sproule estimated that it could cost $30 million to build out “on the low end,” and take at least 24 months to complete.
Source: Philadelphia Inquirer; 1/6/2026