PHILADELPHIA—A host of positive economic indicators are pointingto continued population, job and development growth in theUniversity City section of the city.
According to the University City District'srecently released annual report the West Philadelphianeighborhood's office occupancy rate is an impressive 96%. Thecumulative units of new and anticipated multifamily housing inUniversity City have risen from 1,600 in 2012, 1,848 in 2013, and2,343 in 2014. That number is expected to rise to 3,445 in 2015 and3,939 in 2016, according to the University City District.
Matt Bergheiser, executive director ofUniversity City District, says that work will begin next year on amuch-anticipated project in the area. The organization has raised$2 million for the construction of the 40th Street TrolleyPortal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
