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2:35 AM / Thursday December 8, 2022

22 Dec 2017

North Broad Renaissance Release the 2017 State of North Broad Report

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December 22, 2017 Category: Local Posted by:

ABOVE PHOTO:  From left: Steven Bradley, President at Bradley & Bradley Associates; Lowell Thomas, (first vice chair) General Counsel Philadelphia Housing Development Corporation; Mayor Jim Kenney; Shalimar Thomas, Executive Director North Broad Renaissance; and Kenneth Scott, President Beech Companies.  (Photo: Robert Mendelsohn)

 

The North Broad Renaissance (NBR), in partnership with Econsult Solutions, released the 2017 State of North Broad report, during the annual State of North Broad fundraiser.

From left: Richard Englert, President Temple University; State Rep Donna Bullock and City Council President Darrell Clarke.
(Photo: Robert Mendelsohn)

“The 2017 State of North Broad report provides a detailed look at the changing landscape of North Broad Street and adjacent areas,” said Shalimar Thomas, Executive Director of the NBR. “Overall, our job at the North Broad Renaissance (NBR), and what we want readers to do, is to take this information and data, determine how can we support the positive and mitigate the negative, and work towards inclusive growth than could positively impact the entire North Broad community – including our most vulnerable population.”

According to the report, the economic revitalization of North Broad Street will ultimately be driven by growth and development. In addition, the work of the NBR can catalyze investment and ultimately the economic revitalization of urban neighborhoods, resulting in significant increases in property values and quality of life.

Tech Panel (L to R) Hillary Sorin, Director Of Advancement at Build the Future Education Collaborative; Brigitte Daniel, Vice President of Wilco Electronics Systems; Dr. Michele Masucci, Vice President for Research at Temple University; and Dr. Kenneth, Scott President of Beech Community Services. (Photo: Robert Mendelsohn)

During the event, a panel discussion was held on the role of data and technology and the impact a tech hub would have on NBR’s efforts to improve and sustain the economic development of the North Broad corridor. “I had a great discussion celebrating the #SONorthBroad initiative and the plans to make it a tech innovation hub in Philadelphia,’ said Brigitte Daniel, Vice President of Wilco Electronics Systems, said. “North Broad Philly is ripe for tech inclusion and innovation.”

Dr. Richard M. Englert, President of Temple University Photos courtesy:North Broad Renaissance (Photo: Robert Mendelsohn)

The 2017 State of North Broad report includes information on the early stages of development and revitalization. North Broad is home to 49,695 residents and 46 percent of resident’s range in age between 18-34 years old. There is an estimated $2.1 billion in assessed property value along North Broad Street between City Hall and Germantown Avenue. Commercial properties which include office space, restaurants, and retail locations represent the majority of the assessed value along the corridor.

To receive a copy of the 2017 State of North Broad visit northbroad.org, contact 267-318-7772 or go to https://files.acrobat.com/a/preview/b7df196a-4c03-43b0-a5c8-93a195e8ade2.

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