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Philadelphia’s largest employment center and fastest growing residential section is showing unprecedented signs of growth and new investment, according to the newly released State of Center City, 2016, produced by the Center City District (CCD) and Central Philadelphia Development Corporation (CPDC).
From pop-up shops and craft markets to an eclectic mix of contemporary retailers, and independent boutiques found only in Philadelphia; if it’s in, it’s in Center City this holiday season.
The steady, incremental lifting of pandemic-related restrictions has enabled retail, restaurant and service businesses gradually to reopen, drawing an increasing number of pedestrians back to Center City’s sidewalks and helping to restore thousands of jobs. This new report from CCD/CPDC tracks the rebound over the last three months.
This spring and summer, Sister Cities Park at 18th Street and the Benjamin Franklin Parkway will be offering a variety of exciting events, from BYOB summer barbeques with live music in the evenings to children’s art, science and nature programs.
CCD is supporting Center City’s recovery through deployment of additional sidewalk ambassadors, bike patrols and homeless outreach teams in partnership with public and private security.
Op-ed by CCD president and CEO Paul Levy, on recent proposals to tax development in the city.
Storefront occupancy is rising in key corridors. Occupancy ticks down due to major brands contracting nationwide, but growth continues on Walnut Street and East Market corridors.