Part two of Center City District President and CEO Paul Levy's press briefing for the State of Center City, 2013 report. It's Center City Philadelphia’s “annual report” that looks at all aspects of the downtown economy and makes recommendations to enhance its attractiveness and competitiveness. Download or order a copy at http://centercityphila.org/socc/

1. Downtown housing: continuing success

2. Continuing rebound from impact of recession
Following dramatic drop in new condos since 2008
355 new units in 2011; 536 new units 2012
Steady production of rental units, increase in single family

3. Of the 3,871 condo units within CCD, 95% sold;
The overhang of supply almost gone

4. In core developers shifted entirely to rental

5. That trend has continued

6. Rents have risen or held constant
CORE CENTER CITY ONE-BEDROOM APARTMENT RENT

7. Rents have risen or held constant
CORE CENTER CITY TWO-BEDROOM APARTMENT RENT

8. In extended neighborhoods of Center City
townhouses continue to infill & reshape communities

9. Significant difference in geographic distribution
September 2012 report

10. Center City: Girard Avenue to Tasker Street

11. Since 1997 added 13,409 new units of housing

12. Story in the core: 1998–2012:
171 buildings converted to residential use
New construction starting in 2000

13. Central Business District is no longer just an office district
49 condo buildings with 3,871 units inside CCD
165 apartment buildings: 15,630 units
25,000 – 30,000

14. Significant volumes of returning empty nesters
& they have driven up housing prices

15. Average residential sale price: 2 x citywide

16. Core substantially more expensive than extended

17. Younger home-buyers are moving outward

18. Queen Village

19. Bella Vista

20. Northern Liberties

21. Spring Garden & Fairmount

22. Passyunk Avenue

23. Southwest Center City

24. 2011 to 2012: 11% increase # sales in core
18% increase in # sales extended neighborhoods
12.5% increase in prices in the core
4.4% increase in extended

25. 2011 to 2012: Decrease in days on market
22.2% decrease in core
4% decrease in extended; velocity 20% greater

26. Long term appreciation in home values

27. All driven by steady increase in
population to 175,000

28. Desire & economics of living close to work
Well over 40% work downtown; 11% in University City
69% overall work in the city

29. The ability to get to work without a car
75% get to work 62% get to work
without car without car

30. Changes in energy costs & cultural values
working in our favor; significant percent want mixed-use,
transit oriented & walkable places; bike ridership up 10.5%

31. Proximity to arts, entertainment, retail & restaurants

32. Values of sustainability & locally sourced food
14 Farmers’ markets + Reading Terminal & Italian Markets

33. Remain racially/ethnically diverse neighborhoods

34. 74% in core have at least a BA degree;
42% in extended

35. 42% have professional degrees
20% in extended

36. These are the well-educated workers that employers want
But 22% downtown jobs held by those with no more than HS diploma

37. Educational levels closely tied to rising incomes

38. Center City has more than twice the national
average of residents ages 25-34 (28.7%)

39. Big opportunity: 22,419 children were born to
Greater Center City parents from 2000 to 2012

40. Greatest signs of change

41. Core dominated by single person households &
families without children;
19% of households in extended neighborhoods
now have school-age children

42. Expanded schools website to serve these families
E

43. Redesigned with more information for parents
www.KidsInCenterCity.com

44. Updated school profiles

45. Kids activities at cultural institutions;
child friendly restaurants& summer camps

46. Families with children are influencing our priorities

47. Took a barren and forgotten space

48. Transformed it into magnet for families with children

50. Evolving role of CCD:
from stage hands to place managers

51. Remain focused on the basics:
75% of budget: clean, safe & attractive

52. High-visibility deployment: 77% see CCD personnel
“most or every time” they are downtown
3,282 respondents to customer satisfaction survey

53. 67% of survey respondents
Say Center City “much cleaner” than rest of the city

54. Long-term partnership with police

55. Foot & bicycle patrol

56. Daily combined roll-call

57. Serious crimes per day from 20.2 to 10.6
Even as population and volume of people gone up

58. 78% feel safe “most of the time” or “always”
Perception of safety

59. 1996: Streetscape Improvements
• 761 trees; 100 planters

60. Visitor- friendly: 683 pedestrian maps & signs

61. Integrated with 233 signs for motorist
that the CCD also maintains

62. Making Transit More Customer Friendly

63. Route maps and historic images
On all 90 transit shelters

64. New graphics for 108 entrances to underground

65. 1
2,179 Pedestrian-scale lights
Doubled nighttime illumination
.

66. Completed 2/3 of all streets in last decade
124 new fixtures in 2012;

67. Most recently added 3 blocks in Chinatown

68. Maintained façade lighting on South Broad Street

69. 2012: 3,556 banners for 70 non-profit groups

70. Continue to make streetscape improvements
throughout Center City; $14.3 million in 2012

71. 87% rate the overall atmosphere of Center City
“good to excellent”

72. $30.8 million in CCD funding leveraged $52.1 million
Federal, state, municipal, foundation & private since 1997

73. Taken on larger, more complex capital projects
Broader range of customers

74. More components

75. More services

76. More moving parts to maintain & manage

77. Collins Park at 1707 Chestnut Street

78. Managing a quiet gathering place:
44 concerts; 24 days of Farmers Markets

79. Expanding into place marketing

80. Programming in the evenings

81. And in the winter months

82. Place management organization

83. A new civic space at Dilworth plaza

84. We’ve been underground for a while
Reconstructing concourse & making platforms accessible

85. But the shape of the new plaza is coming into view

86. All steps & barriers are gone

87. One level: no steps from street & no depressed areas

88. Two transit entrances frame City Hall
Gateway to regional transit

89. Covered glass stairways to the concourse

90. Enhancing one of our competitive strengths

91. Lawn panel & tree grove on the southern end

92. New green living room for the city

93. Illuminated at night

94. Fountain on the north
Lawn

95. 3 foot high programmed jets

96. Setting for a major new installation of public art

98. Café at the northern end
Lawn

99. New outdoor cafe

100. Visible from Convention Center; views up Parkway

103. Center stage for the city
Completed summer 2014

104. Investing in quality public spaces pays dividends
Attracting workers & residents
Raising value of adjacent real estate

105. State of Center City has never been better

106. But our success is uneven

107. We weathered the recession but are now
lagging in growth

108. Set the goal of adding 50,000 to 100,000 jobs
citywide by 2023

109. Decrease dependence on wage & BIRT
Get wage tax below 3%; cut Net income in half
2013 2023
64% 57.2%

110. What does a more competitive tax structure create?

111. Opportunity for start-up & minority firms to grow

112. State of Center City 2023: a tale of significant growth