Downtown Pittsburgh Continues On Strong Growth Trajectory

Developers announced about three dozen economic development projects totaling $526 million in Pittsburgh’s Greater Downtown in 2014, capitalizing on dramatic growth in recent years, according to a report released Thursday.

“With more than $5 billion of transformative investment in Downtown Pittsburgh over the last decade, Downtown is well-positioned,” said Jeremy Waldrup, president and CEO of the nonprofit Pittsburgh Downtown Partnership.

Read more: http://triblive.com/news/adminpage/8363736-74/downtown-report-greater#ixzz3aE7Xi4L1
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Center City District: Housing Boom Continues

The housing boom rolling across central Philadelphia showed no signs of weakening last year, according to data released Tuesday, but a population exodus could be on the near horizon if little is done to fix the city’s schools and tax structure.

The news was mostly positive out of Center City District’s annual housing report, which found that 1,983 new apartments, condos, and houses between Girard and Tasker Avenues, and the Schuylkill and Delaware River hit the market in 2014, thanks to an influx of empty nesters and young professionals, said CCD chief executive Paul Levy.

That number was down 8.5 percent from the record-breaking 2,168 logged a year earlier. But Levy and his staff concluded that demand for the torrent of new construction of homes and apartments would be strong for at least several more years.

“Property is selling for more. It’s selling more quickly,” Levy said.

Read more at http://www.philly.com/philly/news/20150218_Center_City_District__Housing_boom_continues.html#gfAQAl0PUIx9wOV9.99

Downtown Pittsburgh Enjoys Growth In Population, Building Boom

English: The source of the Ohio River at “The Point” in Pittsburgh, Pennsylvania, USA. The Allegheny River (left) and the Monongahela River (right) join to form the Ohio here. The West End Bridge crosses the Ohio in the foreground. (Photo credit: Wikipedia)

Fred and Christine Thieman migrated from the suburbs to Downtown when their youngest child went to college about three years ago.

That year, for the first time in more than 90 years, the nation’s biggest cities, including Pittsburgh, grew faster than their suburbs, according to the Brookings Institution, a Washington policy group.

The trend continued in each of the past two years, though growth rates for cities and suburbs hover around 1 percent and the gap between them is narrowing, Brookings reported in May.

But the population living Downtown has soared. Census data show the area was home to 12,343 people last year, up 10.5 percent from 2010.

Read more: http://triblive.com/news/allegheny/6202435-74/downtown-units-percent#ixzz33UyDfZnb
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More People Moving Into Scranton/Wilkes-Barre Region Than Out

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

PLAINS TOWNSHIP, PA — More people are moving into the region than leaving.

Migration into Luzerne and Lackawanna counties is on the rise and much of the immigration is coming from New York, New Jersey and elsewhere in Pennsylvania, according to the 2014 Indicators Report from the Institute for Public Policy and Economic Development at Wilkes University.

The report, unveiled Thursday morning to business and civic leaders who filled the convention center at Mohegan Sun at Pocono Downs, analyzed 120 indicators in areas such as demographics, population and migration, jobs and the economy. It was the ninth year for the event, said Teri Ooms, executive director of the institute.

Ooms highlighted the 2010 Census, which shows a growing population for the first time since the 1950s. Some are from the low- to moderate-income demographic and some earn a middle- to upper-middle income, the report showed.

Read more: http://citizensvoice.com/news/more-people-moving-into-region-than-out-1.1690955

Census: Texas Has 3 Of 5 Fast-Growing Cities

Map of Texas highlighting Ector County (Photo credit: Wikipedia)

HOUSTON — Oil equals boom — especially in population right now. And Texas, in the midst of a significant energy rush, is seeing its towns and cities burst at the seams.

Three of the nation’s five fastest-growing cities — and seven of the top 15 — are in the Lone Star State, according to new data from the U.S. Census Bureau, part of a trend across the West largely fueled by an oil boom. Most of the cities are West of the Mississippi.

Now these cities need to have enough roads, schools, water and infrastructure to keep up — the growing pains of a surging population. And while it is viewed as opportunity, city planners are frazzled.

Odessa, Texas, smack-dab in the middle of the oil-rich Permian Basin, is No. 11 on the Census Bureau list. People are flooding the oil fields, booming thanks to new hydraulic fracturing technologies that allow drillers access to once out-of-reach resources.

Read more here: http://www.centredaily.com/2014/05/22/4188694/census-texas-tops-fast-growing.html?sp=/99/116/128/#storylink=cpy

Center City Philadelphia Showing Signs Of Weakness

English: Comcast Tower, tallest building in Philadelphia (Photo credit: Wikipedia)

Center City, Philadelphia’s engine for growth for the last decade or more, is showing signs of distress, according to statistics compiled by the Center City District for its annual “State of Center City” report.

From office rental rates to visits to tourist attractions and the number of major conventions on the horizon, a variety of measures of the health of the city’s core suggest it might not be quite as vibrant as hoped.

For instance, while Center City’s population inches higher, office rental rates run stubbornly below national averages, an indication of a city’s weakness in attracting new employers.

Employment in health care and education – the city’s biggest job creators – has been flattening and, in the first time in a decade, declined in 2013.

Read more at http://www.philly.com/philly/business/20140423_Some_concerns_as_it_regards_Center_City_s_growth.html#wfR2CIQSqRKdLfKs.99

Stability Spurs More Growth In Pittsburgh

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

Slow and steady wins the race: It works for the tortoise, and it seems to be working for Pittsburgh.

The latest annual “Pittsburgh Today and Tomorrow” report by PittsburghTODAY found that Pittsburgh continues to make modest economic progress after years of decline.

PittsburghTODAY is a nonprofit part of the University of Pittsburgh’s University Center for Social & Urban Research that tracks the region’s progress compared with 15 other areas of similar size, geographic and demographic makeups.

Doug Hueck, program director for PittsburghTODAY, highlighted data regarding population growth, unemployment levels and housing appreciation rates as examples of the city’s revival.

Read more: http://www.post-gazette.com/business/2014/02/22/Stability-spurs-more-growth-here/stories/201402220041#ixzz2u57osImH