Central Business District Is Headed West, Says Real Estate Analyst

 

Cira Centre against the West Philadelphia skyline | Photo: Jeff Fusco, for the Philadelphia Business Journal

Cira Centre against the West Philadelphia skyline | Photo: Jeff Fusco, for the Philadelphia Business Journal

  • Writing in the Business Journal, long time real estate advisor Glenn Blumenfeld considers the future of Philadelphia’s central business district. He feels strongly that, despite examples of continued market faith along West Market and Arch Streets, Center City rates can only climb so high without landlords initiating substantial redevelopment work to keep tenants content as technologies and business culture evolve. Once a critical mass is reached on the Schuylkill’s western bank, tenants will move on over to University City, enticed by the opportunities afforded by master planned districts like Drexel’s Innovation Neighborhood. The quality gap between such modern spaces and their aging counterparts in Center City could only then become more pronounced–the experiences of Washington DC, Boston, and even Philly itself tells us as much.
  • Theater arts group Just Act and the Germantown United CDC will split a $25,000 grant from the Pennsylvania Humanities Council that will allow the organizations to gather the stories of the neighborhood’s marginalized and, in so doing, recast them into engaged citizen planners. With the gleaning of such narratives, Just Act executive director Lisa Jo Epstein tells NewsWorks, “there’s validation, there’s affirmation, there’s identifying the ways that lived experience of people who have been left out matter.” Andy Trackman, the GUCDC head, speaks of his mission to bridge the geographic enthusiasm gap created by the very corridor they are looking to develop.
  • The Philadelphia Business Journal’s Natalie Kostelni discusses Temple University’s new $170 million library—whose renderings were released yesterday—with Craig Dykers, its lead designer. Dykers contextualizes the project within the academic traditions of ancient Athens, explaining that new technologies have reestablished the need for open, collaborative learning spaces. Recent work on North Carolina State University’s new library informed much of his team’s thinking for this similar project, yet he concedes there was some difficulty in anticipating how the design will interact with its eventual adjacent quad.
  • CBS speaks with some rather peeved residents of Fairmount who, as of last night, were still waiting for their blocks to be plowed after this weekend’s storm. “I pay my taxes just like everybody else, you know,” Karen Wernheimer told Eyewitness News. “I expect the services everybody else gets.”
About the author

Stephen Currall recently received his BA in history from Arcadia University. Before beginning doctoral studies, he is pursuing his interest in local history, specifically just how Philadelphians engage their vibrant past. Besides skimming through 18th century letters, Steve is also interested in music and travel.

Send a message!



Leave a Reply

Comment moderation is enabled, no need to resubmit any comments posted.

Recent Posts
From <em>Click</em> To Clink: A History Of Mug Shots In The Quaker City

From Click To Clink: A History Of Mug Shots In The Quaker City

September 20, 2018  |  Harry K's Encyclopedia

Harry K. gives us the backstory of Philadelphia's Rogues' Gallery, which has been tracking criminals in photographic form since the 1860s > more

Unlisted Philadelphia: Automobile Row

Unlisted Philadelphia: Automobile Row

September 18, 2018  |  Unlisted Philadelphia

Ben Leech spotlights unique and significant buildings not listed on the Philadelphia Register of Historic Places with his architectural illustration series, Unlisted Philadelphia. In this installment, he puts the pedal to the metal on Automobile Row > more

Abandoned Navy Hangar Prepares For Final Battle

Abandoned Navy Hangar Prepares For Final Battle

September 14, 2018  |  Last Light

A demolition study for the Mustin Field Seaplane Hangar at the Navy Yard puts a structural engineering landmark on notice. Michael Bixler takes us inside > more

Twitter Bot Reveals Revenue Loss From Tax Abatement

Twitter Bot Reveals Revenue Loss From Tax Abatement

September 13, 2018  |  News

Starr Herr-Cardillo catches up with the software engineer behind Philly Tax Abatements, a new Twitter account that aggregates the cost of City money lost to the 10-year tax abatement > more

Harvey Finkle: Photographer Seeks Justice For The Other

Harvey Finkle: Photographer Seeks Justice For The Other

September 10, 2018  |  Walk the Walk

New photography exhibition explores South Philly's Jewish communities and the city's transitioning immigrant populations. Joe Brin has the story > more

New Book Gives Insight Into Uncovering Philly History

New Book Gives Insight Into Uncovering Philly History

September 6, 2018  |  Vantage

Mickey Herr sits down with author and Philly historian extraordinaire Kenneth Finkel to discuss his new book, "Insight Philadelphia" > more