There is an influx of redevelopment happening across Philadelphia, and neighborhoods like Temple U and the Arts District on the north side of the city, and Point Breeze in south Philadelphia, are teeming with activity. Despite protests from longtime residents and commissioners arguing against gentrification, students are moving in in droves. Multifamily space is expanding with young professionals and empty-nesters looking for flexibility and the best amenities in high-end complexes, and mixed-use developments including office space and parks are popping up in newly repurposed areas; maximizing the space where there used to be nothing. Additionally, these trends will likely be accelerated, thanks to the new Opportunity Zone incentives offered for developers and investors in these areas. In this panel, we'll discuss the next wave of Philly's urban revitalization.

 

Moderator:

Lauren Gilchrist, Senior Vice President & Senior Director of Research, JLL

 

Speakers:

Joe Aristone, Executive Vice President, Leasing, PREIT

Linda Richardson, President, Uptown Entertainment & Development Corporation

Vince Viney, Founder & President, V2 Properties