Kenney joins neighbors to hear latest UCD report

Friday, November 20, 2015

originally published by Philadelphia Business Journal

Kenney joins neighbors to hear latest UCD report

The University City District presented The State of University City 2016 annual report Wednesday to business owners, neighbors and supporters at World Cafe Live Philadelphia.

The report focuses on major news from the past year and previews the significant projects that lie ahead.

Mayor elect Jim Kenney and Mark Gay, University City District (UCD). Gay University City… more

University City, the 2.4 square mile area just west of the Schuylkill River, has entered an era of innovation and opportunity where businesses and residents are deciding to reside.

A few of the highlights mentioned at the networking-slash-cocktail presentation included details on University City home values spiking 22 percent in the last year and the addition of 79,000 square feet of new retail space. Since 2013, the total retail inventory is up 7 percent and they now employ 75,000 people.