And for an opposing point of view:
What New Apartment Projects Tell Us About the State of Center City | The Philly Post
Who is correct?
Some choice quotes:
"In the fall, Chicago developer John Buck Co. announced plans to build a 34-story apartment building at 21st and Chestnut—the city’s first official high-rise construction since the Comcast building opened in June 2008. That news came on the heels of several other apartment projects that have been announced or gotten under way in recent months, including the conversion into apartments of the old AAA building at 21st and Market, a new 14-story building at 1900 Arch Street, the renovation of the Robert Morris Building at 17th and Arch, and the rehabbing of 1201 Chestnut Street."
'“Center City right now is really feeding off of itself, and I only see that increasing in the future,” he says. That is, more residents leads to more restaurants and retail, which leads to more workers who need places to live, which leads to more residents, which leads to even more restaurants and retail, which leads to more residents.
The current city building wave differs from the last one, which came in the Bush years, in one significant way: Back then, many of the projects were condos aimed at empty nesters moving into town from the ’burbs. The new projects, in contrast, are rental units largely geared toward young professionals. “Center City, in our view, is the most attractive place to live in the region,”'
Nutter is enhancing the QOL of life and the desirability of living in Philly. This is helping people with choices to decide that they want to live in Philly. It's a good plan.
Luggage that Stand Out at the...
Today, 12:52 AM in Health and Fitness / Beauty and Fashion