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This winter edition of the CCD/CPDC quarterly newsletter includes the cover essay, which describes the transformation of third spaces and retail in Center City. It also highlights Dilworth Park attractions, staff stories and more.
In this spring edition of the CCD/CPDC quarterly newsletter, President & CEO Prema Katari Gupta's essay, Celebration and Stewardship, reveals the newly created vision, mission, and value statements of CCD. Prema also explains that in times of citywide celebrations, all roads inevitably lead to the streets and public spaces of Center City.
Our year-end 2024 Center City Retail Report pulls together the latest data on retail occupancy, demand, and leasing activity and explores emerging trends and opportunities that will shape Center City’s retail landscape in the coming years.
CCD President & CEO Prema Katari Gupta's cover essay offers a research-driven glance into downtown Philadelphia's residential growth and what it indicates for Center City, office and retail occupancy and the decrease of serious crime. Also inside: CCD Parks summer events, employee appreciation breakfast recap, the recently published State of Center City annual report and much more.
For two decades, the fastest growing residential section of Philadelphia has been Greater Center City. In 2022, the downtown rebound was built on decades of success: At just 5.8% of the city’s land area, Greater Center City accounted for 48% of the city’s total supply of new housing units.
Downtown Rebounds examines the cumulative effects of three decades of growth, the rebound from 2020 and its impact on housing markets, new and upcoming residential developments and homeownership trends, and the status of the rental market.