A fresh wave of optimism has washed over the once-abandoned Philadelphia Navy Yard, and its buoying prospects are largely thanks to the investment of Malvern-based commercial real estate pioneer Liberty Property Trust.

Its 14th new office building since 2005 recently broke ground, and two or three more may get their start yet this year, according to a Philly.com report.

And to complement the growing commercial destination, other developers are working on a coming wave of homes, rental lofts and flats. More restaurants and shopping outlets are hoped to be next.

“You begin to start to layer a series of textures on the Navy Yard that fulfill the vision,” Regional Director John Gattuso said in the article. “It is really about creating an environment that can compete on a world stage to attract the best-quality talent.”

After Liberty Property Trust dropped its anchor in the former military base, which was decommissioned in 2000, its work was joined by Urban Outfitters in 2006 and GlaxoSmithKline in 2013. Now “plans to transform the site from a symbol of the city’s lapsed industrial might into a vibrant new neighborhood are hitting their stride,” the article stated.

Read more about Liberty’s role in the Navy Yard transformation on Philly.com here.