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CCD's CEO Prema Katari Gupta, along with VP Clint Randall and Economic Development Managers Jimmy Salfiti and Lauren Smith, presented the State of Center City Philadelphia 2024 report, focusing on downtown vitality and investment drivers.
Pedestrian activity in Center City has continued its gradual two-year upward trend, buoyed by a substantial ongoing increase in downtown residents as well as the return of visitors and a slower but notable return of office workers, according to this new report from CCD/CPDC.
As Philadelphia marks the two-year anniversary of the mandated citywide COVID-19 shutdown on March 16, 2020, Center City continues to show promising signs of recovery, buoyed by rising numbers of pedestrians who are supporting increases in retail and restaurant sales, local tax revenue, new store openings and downtown vibrancy.
A new report from CCD/CPDC, Firing on All Cylinders: Growing Jobs and Small Business by Expanding the Traded Sector, compares Philadelphia to five other U.S. cities. It documents how Philadelphia lags in many other traded employment sectors, but suggests that if we replicate the success achieved by others and commit to steadily more competitive tax rates, we will grow more family-sustaining jobs and a prosperous network of small, local businesses.
A private tour hosted by CPDC on May 8 provided members a behind-the-scenes look at three new luxury apartment developments along Spring Garden Street.
In 2018, 2,810 new housing units were completed in Greater Center City – the largest number since Center City District began tracking the market almost 20 years ago. Strong growth is continuing at the beginning of 2019 with 3,017 more housing units under construction in Greater Center City.
On November 7, CPDC members enjoyed a behind-the-scenes tour of One Thousand One, Post Brothers' project at the intersection of Broad Street and Washington Avenue.