All political eyes are on Philly

 
I logged a post in May 2011 about this project, and now things are starting to come together.

All political eyes are watching over our city, more specifically in South Philly, to see if the Greater Philadelphia Innovation Cluster (GPIC) can deliver on their promises. Those promises, are as follows:

“… to improve energy efficiency and operability and reduce carbon emissions of new and existing buildings, and to stimulate private investment and quality job creation in the Greater Philadelphia region, the larger Mid-Atlantic region, and beyond. The GPIC will focus on full spectrum retrofit of existing average size commercial and multifamily residential buildings.”

Needless to say, this group has their hands full.

Over the next 2 years, the GPIC will design and build their first project at Building 661. This project may be a make-or-break for the group and will certainly show whether or not the $129M investment was worth it.

Future residential construction in Greater Philadelphia is up 25%

For real?

Yes, for real.

Not only that, but future non-residential construction is up 2% over last year. That’s great news for our area. It means that developers/builders are foreseeing an uptick in demand for the near future. Otherwise, they would not be planning/building; trust me.

When demand goes up, prices go up. When prices go up, people start scrambling. Why not beat them to the punch?