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Center City’s modern office district is becoming more residential with the construction of new high-rise developments. New restaurants and retailers are opening to serve the district’s growing population.
The Center City District's quarterly newsletter. In this issue- a look at our new Plan and Budget; CSR profile; our new website 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.
Sustained by a diversified retail customer base that includes the third largest downtown population in the U.S., workers, tourists, and regional visitors, Center City Philadelphia is on pace for the second consecutive year of positive net openings, according to the new Center City District/Central Philadelphia Development Corporation Center City Retail, November 2022.
This edition of the CCD and CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay, highlighting the importance of accelerating Center City's recovery; CCD 2022 Budget Details, Outreach & Public Safety, Introduces CPDC's new Executive Director, CCD/CPDC Reports and Spring & Summer in Center City.
This edition of the CCD and CPDC quarterly newsletter includes: CCD President, Paul R. Levy's cover essay about the current status of recovery in Center City and what’s required from local leaders, a new promotion in CCD’s leadership team, streetscape improvements, the return of seasonal amenities to CCD Parks and the latest initiatives supported by CCDF.
A new CCD/CPDC report highlights how steady increases in office workers, shoppers, theater- and museum-goers, and visitors helped downtown pedestrian volumes reach 78% of February 2019 levels.
Center City’s commercial core is experiencing a sustained process of recovery, with new businesses opening and existing retailers moving to new, often larger locations, according to the just-released CCD/CPDC Center City Retail Update. In the first quarter of 2022, taxable retail sales in the core of Center City reached 94% of 2019 levels and restaurant sales reached 74% of 2019 levels.
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.