![]() What does this mean for us? Well, if you live in South Jersey and work in West Philadelphia, you have two options. Suffice to to say, University City is going to be hot for the foreseeable future. And this report came out even before Drexel released its ambitious plans to partially cap the rail yards adjacent to its school and build an entirely new mixed use development over the next several decades. Its office vacancy rate of 2% is the lowest in the entire region. Among the good news was “new commercial and residential developments in the works, including the 3.0 University Place office building and the apartments planned at 3601 Market St.” and a “milestone of 75,000 jobs in the University City area alone, a figure aided in no small part by the presence of Drexel University, the University of Pennsylvania and the University of the Sciences.” It goes on to mention the nearly 30 real estate projects underway in the neighborhood and $1 billion University City Science Center expansion. ![]() Last November, the University City District released a report detailing the immense growth the neighborhood is seeing. To understand the potential this line has for serving South Jersey, you have to rather turn your attention to what’s at the other end of the line: the white-hot job market being built in University City, Philadelphia, which hosts the line’s northernmost stop at 30th Street Station. ![]() But that would be thinking too one-dimensionally. With fewer attractions and jobs, there are fewer people to pull from as a potential customer base for the service. If you think of the line as simply as a train that gets people to and from the struggling shore town, then it makes sense. ![]() But this morning I finally gathered the motivation to get it done after seeing Jake Blumgart’s tweet linking to an article from the Atlantic City Press that essentially equates the city’s declining fortunes with the fact that fewer people are taking the train line. Given the lack of interest in the subject on the part of NJ Transit, whenever I sit down to write it, I feel a little bit like I’m screaming into the void. I’ve had this article sitting in my drafts folder for the past five months. ![]()
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