Thursday, May 31, 2012
Is City Ave Philly's next boom spot?
It may very well be ... but it will take a few years.
You may remember one of my posts from last year titled "The Vision for City Ave." As you can see, that post highlighted some of the yet-to-be-seen potential for this heavily traveled area. The good news is that Lower Merion has come through on some zoning changes which will now allow this area to flourish with new and practical development for the foreseeable future.
These changes went into effect on April 30th.
This article states that City Ave should be compared to the DC area's Tyson's Corner, VA; which is a good thing. The Philadelphia area, in general, needs to start better leveraging its existing assets (extensive public transportation, population density, Center City core, etc.) to further its reputation as a global city that is forward thinking.
What you will most likely see in the years to come will be larger projects with mixed-use aspects that are driven by TOD (Transit-Oriented Development).
And since this area is only about 10 minutes from my front door, I'm looking forward to seeing what the future has in store for City Ave.