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February 17, 2014 • Volume 17 • Issue 4 • A bi-weekly email news service

Office Sector News
Comcast to purchase Time Warner Cable
Philadelphia-based Comcast Corp. has agreed to purchase Time Warner Cable for $45.2 billion in stock. Through the merger, Comcast will acquire Time Warner Cable's 11 million subscribers, but to reduce competitive concerns, they will divest about 3 million of them. This will bring Comcast's total subscribers to 30 million and will allow them to enter big markets like New York City, Southern California, Texas, the Carolinas, Ohio and Wisconsin for the first time. The merger is subject to shareholder approval and regulatory review and is expected to close by the end of 2014.

To read Comcast's press release, please go to bit.ly/1j9UCTn.

To read the full article in Bloomberg, please go to bloom.bg/1cxPtQd.

Comcast's Impact on Office Rents
The combined impact of Liberty Property Trust's 59-story Comcast Innovation and Technology Center at 18th and Arch and Brandywine Realty Trust's 47-story FMC Corp. tower at 30th and Walnut could open up 800,000 square feet of existing office space. But writing in the Philadelphia Inquirer, Joseph N. DiStefano cites Liberty Property Trust CEO William Hankowsky's comments to investors that Comcast and Center City's rising population of educated young workers will attract more tech employers to fill empty office space. Hankowsky also predicts the continued conversion of old office buildings into hotels and apartments.

To read the full article, please go to bit.ly/1lrwRYk.

New Tech Office Space
Technicl.ly Philly provides a look inside two startup offices in Philadelphia; the shared HQs of Leadnomics, 50onRed and RightAction at the Cira Centre and RJMetrics' new, 12,875 square foot space in the Widener Building where they now have 46 employees.

Select Greater Philadelphia announced that vRide, a provider of commuter transportation services, will relocate their headquarters from Troy, Michigan to Old City in Philadelphia, taking over space at 309 Cherry Street from Artisan Mobile – which moved to 234 Market Street to accommodate growth. vRide plans on investing more than $1.6 million into the 4,300 square foot space and has committed to create 75 new local jobs within 3 years time.

To read about Leadnomics, 50onRed and RightAction and see their HQs, please go to bit.ly/LsNAgv.

To read about RJMetrics and see their new offices, please go to bit.ly/Ms66Xf.

To read about vRide's relocation, please go to bit.ly/1oqwcsH.

Benjamin's Desk Expands Coworking Space on West Walnut Street
Flying Kite reports on the grand opening of Benjamin's Desk's expanded, local coworking space in Pearl Properties' Allman Building at 17th and Walnut. According to President and CEO Michael Maher, with the expanded eighth floor officially open they are looking to expand elsewhere in the region, including University City and the suburbs.

To read the full article and view accompanying slideshow, please go to bit.ly/1oqNXbb.

New York's Downtown Alliance Starts New Initiative to Support Tech Firms
New York's Lower Manhattan now has more than 600 tech companies occupying 4.1 million square feet of office space in a landscape previously dominated by financial services firms. CCD's counterpart, The Downtown Alliance, recently started LaunchLM, an effort to knit together downtown Manhattan's venture capital, urban planning, real estate, and technology communities. More than 100 companies have opened in the area in the past year alone.

To read the full article, please go to nydn.us/1m7waaj.

To learn more about LaunchLM, please go to launchlm.com.

Pennoni Acquires B.D. Abel
The Philadelphia Business Journal reports that B.D. Abel Inc. was acquired by Pennoni Associates. B.D. Abel is one of the few regional engineering firms to offer National Environmental Balancing Bureau certified testing and balancing for HVAC systems and plumbing. Pennoni has been in acquisition mode for more than a year. It bought Green Stone Engineering in Wilmington, Del., in October 2012 and AGS of Arlington, Va., in September 2012.

To read the full article, please go to bit.ly/1g3gkbq.


Economic News
Half Full, Half Empty
According to a Federal Reserve Bank of Philadelphia survey, 150 members of the Greater Philadelphia Chamber of Commerce (GPCC) reported business conditions improved in 2013 and 64% expressed optimism about continuing improvements in 2014, with 43% expecting to hire more full-time employees in the coming year. To read full survey results from the Federal Reserve Bank of Philadelphia, please go to bit.ly/1gcD5Kc [PDF].

However, a national study published by the Milken Institute reports that Philadelphia is growing at a slower rate than other regions. In Best-Performing Cities 2013: Where America's Jobs are Created and Sustained, out of 200 metro areas Philadelphia dropped from 90th to 109th place in the rankings.

To download the Milken Institute's study, Best-Performing Cities 2013, please go to bit.ly/1jxrzwa.


Development News
Mormon Church to Build New 32-Story Residential Tower in Logan Square
Officials of the Church of Jesus Christ of the Latter Day Saints announced the construction of a 400,000-square-foot development at 1601 Vine Street, next to the Mormon Temple that is currently under construction at 1739 Vine Street. The development, on what is now a surface parking lot, will include 258 market-rate apartments, 13 townhomes and 12,000 square feet of ground floor retail. In addition, a church meeting house will be constructed that will have a chapel, family history and cultural center and a courtyard. The Philadelphia Business Journal reports it is estimated at $120 million and will be completed in 2016. Robert A.M. Stern Architects of New York and BLT Architects of Philadelphia will design the project.

To read the full article, please go to bit.ly/1bpu94V.

Parkway Corp and The Hanover Company Unveil Plans for Mixed-Use Development on North Broad
On February 4th, development plans were presented for Civic Design Review for a large residential, mixed-use project at Broad and Callowhill Streets, currently a surface parking lot. Hanover North Broad will include two separate buildings, designed by the Design Collective. The larger of the two will contain 229 studio, one- and two- bedroom apartments, 11,024 SF of retail, 256 parking spaces (130 of which will be for residents) and 77 bicycle parking spaces. The smaller building will include 110 studio, one- and two-bedroom units, 6,122 SF of retail, 114 parking spaces (58 of which will be for residents) and 38 bicycle parking spaces. The six-story buildings will have ground floor retail facing Broad Street, interior courtyards, a pool, fitness room and other amenities.

To read the full article, please go to bit.ly/1ouNvZB.

To see the Civic Design Review submission, please go to 1.usa.gov/MjwGly [PDF].

South Broad Mixed-Use Development Gets Green Light
Plan Philly reports that City Council's Committee on Rules approved bill #130908 that would amend portions of the zoning code to allow for the construction of Dranoff Properties' proposed 47-story mixed-use SLS International on South Broad Street without any additional zoning approvals. The 567-foot tower will include the 149-room SLS Hotel, 123 residential condominiums, ground floor retail and a corner bar and restaurant. Construction is expected to begin in the fall of 2014 and take two years to complete. Bill #130921, related to the development, is also making its way through council. That bill would strike from the city plan a 90-foot portion of Cypress Street east of Broad.

To read the full article, please go to bit.ly/1os1r6y.

To read bill #130908, please go to bit.ly/1jD8adp.

To read bill #130921, please go to bit.ly/1cABoBR.

Children's Hospital Presents Plans for Schuylkill Avenue Expansion
The Center City Residents Association (CCRA) reports in its newsletter that the Children's Hospital of Philadelphia (CHOP) presented plans for phase one of the development of an office campus located between Schuylkill Avenue and the railroad tracks, on a parcel stretching from the South Street bridge to approximately Catherine Street. Phase one includes a 22-story office tower, which will house a 1,000 person research staff, and a parking garage. CHOP is negotiating with CSX for a promenade over the tracks and a bridge to the Schuylkill Banks. Demolition of the existing structure is planned for this spring with construction beginning in the summer and a projected completion in the spring of 2017.

To read about CHOP's expansion plans from their website, please go to bit.ly/1gwKrYw.

To read CCRA's report on the meeting, please go to bit.ly/1osewwF.

Science Center Breaks Ground on First Residential Tower
The Science Center broke ground on its first residential high-rise at 3601 Market Street. The $110 million building will be 443,000 square feet and include 375 market-rate apartments and ground floor retail.

To read the article in The Philadelphia Business Journal, please go to bit.ly/1dR4wnz.

To read the article in Technica.ly Philly, please go to bit.ly/1e6hPRk.


Eds and Meds News
Independence Blue Cross Creates $50M Fund to Invest in Health-Care Innovators
Independence Blue Cross (IBC) has opened the IBC Center for Innovation, establishing a $50 million fund to invest in health-related venture funds and early-stage companies in what IBC is calling a "strategic innovation portfolio." The center will be housed in 5,000 square feet at 1700 Market Street and will be a place where company associates and external partners can collaborate. As IBC President and CEO Daniel J. Hilferty explained, "With our region's active investment community, experienced health-care talent, world-class health-care systems, and strong academic institutions, we have all the ingredients to become the Silicon Valley of health-care innovation." The IBC Center will serve a wide range of new and existing initiatives, including DreamIt Health Philadelphia, a health care accelerator launched by DreamIt Ventures and IBC in 2012. DreamIt Health Philadelphia will start accepting applications in March for their 2014 summer class. Companies will receive seed funding, mentoring, collaborative office space and opportunities to meet with potential investors and customers.

To read the press release, please go to bit.ly/1hdgTTe.

To read the full article in The Philadelphia Business Journal, please go to bit.ly/1aVZGL9.

To learn more about DreamIt Health Philadelphia, please go to bit.ly/NDsj5T.

Science Center Launches Accelerator for Digital Health Startups
The Science Center's new Digital Health Accelerator program – supported in part by Pennsylvania's Discovered in PA – Developed in PA initiative – is accepting applications through March 31, 2015. The program will provide up to $50,000 in funding, office space at the Science Center, professional mentorship and introductions to a variety of healthcare stakeholders, to up to 6 startups.

To read the press release, please go to bit.ly/Mj8AY5.

To learn more about the Digital Health Accelerator, please go to bit.ly/Mj8Syc.

Senate Approves City Councilman Bill Green and Farah Jimenez for School Reform Commission
The Notebook reports that the State Senate approved the nominations of the Executive Director of the People's Emergency Center, Farah Jimenez and City Councilman Bill Green to the School Reform Commission in a 44-2 vote. Green will be filling the chair position vacated by Pedro Ramos who resigned in October and Jimenez will fill Joseph Dwortezky's seat, whose term expired in January.

Green will make his final appearance in Council before being sworn in by Governor Corbett on February 18. According to The Philadelphia Inquirer, many are looking to City Council President Darrell Clarke, as he holds the power to call a special election for someone to finish the last year-and-a-half of Green's four year term.

To read the full article in The Notebook, please go to bit.ly/1oumN3f.

To read the full article in The Philadelphia Inquirer, please go to bit.ly/1c623cO.

Charter Schools to Cost School District $25 Million More Than Anticipated
The Philadelphia Inquirer reports that the financially troubled School District of Philadelphia may spend nearly $700 million on charter payments by the end of the school year – $25 million more than was originally budgeted. The main reason for this is that charters have enrolled 1,600 more students than permitted in their agreements. In October of last year, the district warned that they would begin proceedings to revoke charters against 29 schools that were refusing to sign agreements limiting enrollment by December 15th. Paul Kihn, deputy superintendent, said that 10 of the schools had signed enrollment agreements, 8 were expected to sign soon and 5 were awaiting board approval. However, little progress has been made with the remaining 6 schools. This is a matter the district and the School Reform Commission (SRC) want to resolve. In August, the SRC voted to suspend part of the state School Code, including the provision that bars districts from capping charter enrollment and waived a section that allows charters to bill the state Department of Education when a district refuses to pay for students.

To read the full article, please go to bit.ly/1dONsPj.


Retail News
The Future of The Gallery
A recent Philadelphia Inquirer story provided an update on efforts to renovate The Gallery on Market East. In April, PREIT purchased 901 Market Street, a section of the mall occupied by Kmart, for $60 million. Late last month, Kmart announced they would be closing, freeing up space for reuse sooner than expected. While PREIT officials did not respond to requests for interviews, the article notes there is plenty on public record that points to their plans to open the mall onto Market Street. Since the exterior walls of The Gallery are still in the public domain, Deputy Mayor of Economic Development Alan Greenberger said a new lease has been prepared to give PREIT that control once the company is ready to move ahead on renovations.

While leases have yet to be announced, PREIT has signaled two possible directions. One would be to find one or two high-end anchors to provide a destination for affluent customers and another is what PREIT calls ‘Fast Fashion and Food' – a mixture of tenants like Forever 21, H&M and Uniqlo with various restaurant and dining options.

To read the full article, please go to bit.ly/1mgc39Y.

West Chestnut: Center City's Next Hot Block?
With recent leases signed on West Chestnut Street between Broad and 19th Street grabbing headlines – Nordstrom Rack, Uniqlo, American Eagle and Joan Shepp to name a few – the flurry of activity going on from 19th to 22nd Streets has gone unnoticed; until now. Philadelphia Magazine reports that in the next year many new bars and restaurants will be opening on that part of Chestnut, poised to transform this section of Center City into Philadelphia's new nightlife and dining district. Projects set to open include George Sabatino's Aldine, Hill Country Barbecue, and Chicago restaurateur Alfredo Sandoval's Mercadito and Double A at the new 2116 Chestnut. They will join already existing establishments like Village Whiskey, Tinto, Shake Shack and 1Tippling Place. Adding to this critical mass are other residential developments in the pipeline like 2021 Chestnut, which will include new retail spaces fitted out for restaurants.

To read the full article, please go to bit.ly/1cEmPx9.


Gaming News
Casino Hearings Completed
Last week, the State Gaming Control Board completed its public hearings on Philadelphia's casino proposals. They are expected to deliberate over the next two months with a decision expected in late March or early April.

Writing in The Philadelphia Inquirer, economist Joel Naroff argues that the next Philadelphia casino should expand the market, not just undermine it. Responding to objections to a second site raised by Philadelphia's existing license holder, Sugarhouse Casino, Naroff argues that the public objective is not to ensure one casino's survival, but rather to maximize revenue and economic activity for the city and state. He suggests that competition between two Philadelphia sites will ensure the diversification of each development, pointing to the growing prominence of retail, restaurant and entertainment uses in Las Vegas' casinos.

To read the full article, please go to bit.ly/1bvrTcw.


Arts and Culture News
Peter Degnan to Lead William Penn Foundation
The Board of Directors of the William Penn Foundation announced that Peter J. Degnan, Vice Dean of Finance and Administration at the Wharton School, will serve as the Foundation's new Managing Director, starting March 3rd. Degnan replaces Jeremy Nowak who resigned in November 2012, after the 10-year plan he developed drew disagreement from the board. William Penn disburses $90 million annually to arts, education and environmental groups in the Philadelphia region.

To read the Foundation's press release, please go to bit.ly/1nXortU.

To read the full article in The Philadelphia Inquirer, please go to bit.ly/1bRWcVl.


Transportation News
SEPTA May Purchase Bi-Level Coaches
According to PlanPhilly, SEPTA is in the early stages of considering the purchase of bi-level coaches in an attempt to increase passenger capacity for regional rail. These new coaches could transport anywhere from 120 to 170 passengers, more than the current capacity of 109, and would provide an efficient remedy to booming regional rail ridership – 36 million regional rail trips were taken in 2013, with ridership doubling over the past 15 years. With funds from Act 89, SEPTA is looking to expand seats on the regional network by procuring 36 bi-level coaches at a cost of $2.5 to $3 million per car. As Jeff Knueppel, deputy general manager of SEPTA explains, the most efficient way to deal with capacity issues "…is to utilize the infrastructure you have but go up in the air with the cars so you can increase seating." The other option, adding more cars, would require longer platforms and could lead to traffic jams. SEPTA is conducting a clearance study to determine if bi-level coaches can fit throughout the system.

To read the full article, please go to bit.ly/1fmOymE.

JetBlue Profits on Boston-Philadelphia Route, Looking to Add More Routes
The Philadelphia Inquirer reports that Jet Blue is making money on the Boston-Philadelphia route it started in May, with flights more than 70% full and revenue coming in ahead of initial forecasts. Other airlines cancelled their routes between Philadelphia and Boston, because they could not compete with US Airways, but the reason Jet Blue succeeded is because of their dominant presence in Boston. Scott Laurence, vice president for network planning at Jet Blue, said "The more support we see in Philadelphia, the more likely that we will move more quickly with additional flying." These routes include Philadelphia-San Juan, where Jet Blue also enjoys dominance, and Philadelphia-Fort Lauderdale.

To read the full article, please go to bit.ly/1ezoGmn.

Biden praises Amtrak's new locomotives
Plan Philly reports Vice President Joe Biden came to Amtrak's 30th Street Station to speak in support of rail transportation and investment and see the first of Amtrak's 70 new advanced technology electric locomotives. Capable of reaching 125 miles per hour and pulling up to 18 coach cars, the new locomotives are both high-tech and energy efficient and are expected to save more than $3 million over the next 20 years. These are also the largest order of electric locomotives to be built in the United States since World War II, with the handrails reportedly made in Philadelphia.

To read the full article, please go to bit.ly/Mk6cAq.


Parks and Open Space News
Mayor Nutter and City Council President Clarke Present Plans for LOVE Park
Mayor Nutter and City Council President Darrell L. Clarke have reached an agreement that will allow for the rehabilitation of John F. Kennedy Plaza, known as LOVE Park. During a press event at the park, they both signed a document outlining their shared vision for the outdoor space that will allow for the sale of the garage beneath LOVE Park for $30 million. The Philadelphia Inquirer reports that Nutter had originally proposed selling the garage to the highest bidder and use $15 million in tax dollars to redo the park. However, given the City's funding needs, Clarke opposed the proposal and suggested raising the money by selling concession rights for the park. In the end, they reached a compromise where the restaurant and other features of the park will be decided through a public design and planning process, while the Mayor committed to finding alternative sources of funding.

To read the full article, please go to bit.ly/1hjsUXe.

DRWC Releases 5-Year Report
Plan Philly reports the Delaware River Waterfront Corporation (DRWC) presented a 5-year report to its board of directors. To read the full report, please go to bit.ly/1lPhk4B [PDF].

DRWC Held Public Meeting with Pier 68 Designers
On February 12th, the first public meeting was held to give input on DRWC's Pier 68 development project, located behind the Columbus Boulevard Wal-Mart. Plan Philly reports that last year, DRWC awarded a not-to-exceed $1 million design-build contract to Studio Bryan Hanes, which assembled a team including Bittenbender Construction, DIGSAU Architects, Stantec and Azavea. DRWC planner/project manager Lizzie Woods explained that there is no design concept in place, so the meeting was an opportunity for the public to share their ideas, which the design team will then use when coming up with a design. For those not able to attend meeting a survey is available on Pier 68's website.

To read the full article, please go to bit.ly/1dtP1H8.

Learn more about the project and take the survey at Pier 68's website: bit.ly/1gG5XZF.

Legislation Makes Pedestrian Plazas, Bike Corrals and Parklets Part of The Philadelphia Code
Plan Philly reports that in January, legislation was introduced to add pedestrian plazas, parklets and bike corrals to The Philadelphia Code, under Streets jurisdiction. Until now, these pedestrian amenities were installed in an ad hoc basis through a Mayor's Office of Transportation and Utilities (MOTU) pilot program, but because of the legislation will become permanent streetscape elements. The legislation also standardizes the application process, making it easier for those looking to add community enhancements to the city's streetscape.

To read the full article, please go to bit.ly/1kdd293.


Residential Market News
More Than a Thousand Ineligible Properties May Be Getting Tax Break
The Actual Value Initiative (AVI), intended to fix the city's flawed tax assessments, had the effect of shifting part of the overall tax burden from commercial to residential properties. To ease the transition, local lawmakers created the Homestead Exemption, which deducts $30,000 off the city's assessment for owner-occupied properties. According to an analysis conducted by the Philadelphia Daily News, more than a thousand ineligible property owners may have applied for and received tax breaks under this exemption. Kathryn T. Dreyer, deputy administrator at the Office of Property Assessment (OPA), said that they planned to accept as many applications as possible to launch the program and to then audit properties afterward, with notices going out in the spring to those properties being reviewed. She also noted that because of outdated OPA records, some of the properties identified might actually be eligible for the program. Property owners who knowingly made false statements on the application could face misdemeanor charges, $2,500 in fines and back taxes plus interest and 10% penalties. About 325,000 homeowners were eligible for the Homestead Exemption, but only 230,000 properties received it.

To read the full article, please go to bit.ly/1bnch8g.


Government News
Councilman David Oh Introduces Tax Reduction Bill
City Councilman David Oh introduced bill 140081 to reduce the wage tax for employees and the net profits tax for individuals who are residents of Philadelphia by $100 million over 10 years, without raising other taxes to offset the reduction. The bill would reduce the tax rate from the current 3.92% in 2014 to 2.09% in 2025. Oh said that the reductions he is proposing will result in more jobs for the city and savings to the average Philadelphia family of $626 per year. Oh looks to finance this tax reduction through economies in government expenditures and growth in the overall base due to job expansion. As Oh explained to the Philadelphia Daily News, "Rather than outstanding tax revenues being a bonus for additional spending, I would like to be a little lean and tight." He also noted that with the mandated program-based budgeting going into effect in 2015 the proposed reduction schedule is reasonable. Oh said this is "the kind of reform our City needs in order to grow."

To read the full article, please go to bit.ly/1g5APlD.

To read bill 140081, please go to bit.ly/1dY5sqO.

To watch Councilman David Oh's tax reduction speech, please go to bit.ly/1dRkvT6.

City Council Passes Tougher Demolition Rules
The Philadelphia Inquirer reports that a five-bill package intended to strengthen the city's regulation of demolition practices won unanimous passage in City Council. Legislation that will impose more requirements on contractors and demand closer city supervision was spurred by the building collapse that killed 6 people in June on 22nd and Market Streets. City Councilman Curtis Jones Jr., chairman of the committee that developed the legislation, estimated that L&I would need an additional $2 million a year to hire more inspectors and other personnel to make the enhanced requirements effective.

Meanwhile, an overall review of L&I will be completed by a panel of construction and regulation experts appointed by the Mayor by July 1.

To read the full article, please go to bit.ly/1lQnBxd.

To read bill 130847-A, please go to bit.ly/M5aMlf.

To read bill 130691-A, please go to bit.ly/1frSIK5.

To read bill 130688-A, please go to bit.ly/1cO8EFE.

To read bill 130698-A, please go to bit.ly/1bWvP0v.

To read bill 130685, please go to bit.ly/1oEttMc.

Council Panel Backs Enhanced Bidding Preference for Philadelphia Businesses
Newsworks reports that a bill approved by a City Council committee calls for increasing the bonus Philadelphia-owned companies get when bidding for city work from 5% to 10%. Councilwoman Blondell Reynolds Brown said that supporting locally based businesses has a multiplier effect because the work translates into taxes paid to the city.

To read the full article, please go to bit.ly/1cGlCVP.

Union Contracts and Pension Burden
The Philadelphia Daily News reports that when Mayor Nutter took office, he set himself the goal of signing contracts with the city's municipal unions, to help curb runaway pension and health-care costs. However, with only 2 years left in his 8-year tenure at City Hall, 3 of the city's 4 major unions are still working without a contract. Meanwhile, benefit costs continue to eat away at the city's budget – they went from 24% of spending in 2008 to 31% this year. According to the article, Nutter's best hope to significantly reduce benefit costs is signing a contract with white-collar District Council 47, as the dispute with District Council 33 is in court, the firefighters contract is in arbitration and few changes are expected in the next police officers' contract.

A second article examines pension fund financing and cautions that rosy pension fund return projections could once again be a problem, as several economists suggest governments are assuming pension-fund investments will do better in the market than many believe is possible. Philadelphia's pension fund is currently only 49% funded.

The city Board of Pensions assumes that its $4.5 billion portfolio will grow 7.95% annually. Sam Katz, chairman of the Pennsylvania Intergovernmental Cooperation Authority (PICA), counters that not many believe an 8% return on a retirement account is sustainable in the coming years.

To read the article on City unions, please go to bit.ly/1gCaEVB.

To read the article on the City's pension fund, please go to bit.ly/1b4QhkA.


Upcoming Events
SEPTA Open House on the Authority's Capital Plan
On February 26, from 12 p.m. to 2 p.m. and 5 p.m. to 7 p.m., SEPTA will be holding an open house on their Capital Plan at the SEPTA Board Room, located on the Mezzanine Level of 1234 Market Street. Following the passage of a comprehensive transportation funding bill, SEPTA has been working to outline a "Catching Up" Capital Plan. The Open House is an opportunity for stakeholders to provide input into the plan. More information is available on SEPTA's website at bit.ly/1bY1KxB.

Center City Proprietors Association's "Lunch with the City's Leaders"
As part of the CCPA's Lunch with the City's Leaders speaker series, Paul Levy, President and CEO of the Center City District will be speaking on February 26 at The Palm Restaurant (200 S. Broad Street) from 11:45 a.m. to 1:30 p.m. John Dougherty, Business Manager of Local Union 98, I.B.E.W. will also be speaking as part of this series on March 26, from 11:45 a.m. to 1:30 p.m. at Morton's The Steakhouse (1411 Walnut Street). Both of the events are $50 for non-members and $40 for CCPA members. For more information on the series and to register, please go to bit.ly/1gQlKVP.

Public Meeting Regarding the 22nd & Market Memorial
A meeting will take place February 27 at 6 p.m. at the College of Physicians (19 S. 22nd Street), to present the proposed design for the 22nd and Market Memorial to the public. The Philadelphia Historical Society and Harris Steinberg, a committee member, will lead the presentation and be available to answer questions.

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The Central Philadelphia Development Corporation (CPDC) is a strategic planning, research and advocacy organization whose mission is to strengthen the vitality and competitiveness of Center City Philadelphia as the region's central location for business and innovation and to reinforce Center City as a vibrant 24-hour hub for art and culture, a premier place to live and a dynamic destination for shopping and dining.

Central Philadelphia Development Corporation

T 215.440.5500 � F 215.922.7672

www.centercityphila.org

For corrections, suggestions, comments, etc., contact Linda Harris, at 215.440.5546 or lharris@centercityphila.org.

For changes of address or contact name, contact cpdc@centercityphila.org.

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