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Philadelphia’s premier wintertime attractions at Dilworth Park will return this season with new safety protocols in accord with City, State and CDC guidelines, including mandatory masks, except when eating or drinking.
This new CCD/CPDC report analyzes the housing sector recovery in Philadelphia. While the pandemic impaired many parts of Philadelphia’s economy, both Greater Center City and citywide housing markets showed extraordinary resilience in the last year, buoyed by historically low interest rates and continued interest in city living.
Center City’s modern office district is becoming more residential with the construction of new high-rise developments. New restaurants and retailers are opening to serve the district’s growing population.
Greater Center City Philadelphia leads city in housing growth, with residential development reaching a 5-year high in 2024, according to new CCD research.
Sustained by a diversified retail customer base that includes the third largest downtown population in the U.S., workers, tourists, and regional visitors, Center City Philadelphia is on pace for the second consecutive year of positive net openings, according to the new Center City District/Central Philadelphia Development Corporation Center City Retail, November 2022.
This edition of the CCD and CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay, highlighting the importance of accelerating Center City's recovery; CCD 2022 Budget Details, Outreach & Public Safety, Introduces CPDC's new Executive Director, CCD/CPDC Reports and Spring & Summer in Center City.
Center City’s commercial core is experiencing a sustained process of recovery, with new businesses opening and existing retailers moving to new, often larger locations, according to the just-released CCD/CPDC Center City Retail Update. In the first quarter of 2022, taxable retail sales in the core of Center City reached 94% of 2019 levels and restaurant sales reached 74% of 2019 levels.
Center City District Restaurant Week returns in the new year to celebrate Philadelphia’s world-class dining scene
In October, CPDC surveyed its members and Board members of the CCD to determine what percent of their employees were currently working in the office downtown, the expected timetable for the majority to return, the most important factors that needed to be addressed to facilitate a return to the office, and the biggest advantages of a safe return.