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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.
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.
CCD is pleased to present the activation of the first phase of Pulse, a site-specific work of public art created for Dilworth Park by internationally renowned artist Janet Echelman.
At a fundraiser at Dilworth Park attended by 650 people, business leaders marking the 25th anniversary of the Center City District and the 60th anniversary of Central Philadelphia Development Corporation gathered as the Center City District Foundation (CCDF) announced an expanded role and new board.
Visitors to the Rothman Orthopaedics Ice Rink can ice skate for free throughout the month of February, courtesy of Capital One. Free in February presented by Capital One begins on Saturday, February 1 and runs through Sunday, February 23, when the ice rink closes for the winter season.
A new CCD/CPDC report, Center City Pedestrian Counts, November 2022, documents that pedestrian volumes in October 2022 in the commercial core reached 77% of the October 2019 level, showing steady growth throughout 2022. The rate of increase has been greatest in the commercial office district and the successful return of major conventions is clearly visible in the volume recorded by CCD sensors at 12th and Market Street.
Dilworth Park features popular winter attractions including the Rothman Institute Ice Rink, Rothman Institute Cabin and America’s Garden Capital Maze, that offer family fun well past the holidays.
Center City continued its steady process of recovery in June and during the first three weeks of July with pedestrian volumes reaching 92% of 2019 levels. The robust recovery of residents and visitors has led the way, while the number of workers in June approached 100,000, attaining 76% of June 2019 levels.
Center City District is bringing back the Made in Philadelphia Holiday Market on Saturday, November 20 and the Deck the Hall Light Show on Monday, November 22, completing the seasonal transformation of Dilworth Park that began with the November opening of the Rothman Orthopaedics Ice Rink, Cabin and the Wintergarden on the Greenfield Lawn presented by TD Bank
Many of the most iconic buildings and landmarks in Philadelphia will shine blue next Tuesday in honor of World Health Day and the heroic health care workers and first responders battling the COVID-19 pandemic.