PHILADELPHIA-The University City District in Philadelphia is teeming with activity. The West Philadelphia neighborhood saw more than $3.5 billion in new or recently completed construction work last year and has more than 2.6 million square feet of announced or finished projects.
According to the Union City District's recently released annual report, the number of people working in the district has grown to more than 72,000 workers from 50,000 in 2001, according to the Philadelphia Business Journal.
Matt Bergheiser, executive director of the UCD, said, “Almost 2,000 new housing units are coming. That's about 4,000 to 5,000 additional people or about a 10% increase in population by 2015. We continue to be a place where the concentration of economic activity is unmatched in all but a handful of places around the country. It's important and critical for the city and region. When you get a lot brain power in a concentrated space, good things happen.” See story in the Philadelphia Business Journal.
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