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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.
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.
CCD President & CEO Prema Katari Gupta's cover essay outlines CCD's continued focus on "clean and safe," the expanded services we are committing to these priorities and the improvements the city has made and challenges we still face. Also inside: research reports, spring events, renovations on Jewelers’ Row and more.
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.
Center City District (CCD) has retained a group of local artists to create a major display of new banners, currently being installed across Center City, to coincide with the partial reopening of businesses and the gradual return of workers and visitors to the downtown.
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.
A new video from Philly By Drone, with the latest updates on construction of The Rail Park.