Philadelphia 2035 (Dallas, Houston, Penn: hygienist, dentist, conference)

[MarketStEl]

Originally Posted by cpomp

Great news for Philadelphia from the fintech world.

Cash App, a Block Inc. business, leases space at East Market for new Philadelphia office

https://www.bizjournals.com/philadel...st-market.html

A business operated by Block Inc., a financial services company that owns Square among other brands, has signed a deal to occupy 35,000 square feet of office space at East Market in Philadelphia.

Cash App has leased the space at 1100 Ludlow St., a 225,000-square-foot office building. A spokeswoman from Block confirmed Cash App will move into the space but declined to provide additional details such as how many employees it will have working from the new Philadelphia office.

The renaming of Square to Block, besides indicating that the company has gone three-dimensional, strikes me as akin to Facebook renaming itself Meta.

(Wait. A block can also be a two-dimensional square in a city. What was the point of this renaming?)

Cash App competes directly with PayPal's Venmo. I think Cash App has the cleaner interface and is easier to use. (I also note that, in the lower-income neighborhood I live in, more people have Cash App on their smartphones than Venmo.)

[Pennsport]

Originally Posted by cpomp

More incredible Life Sciences news... The article also mentions Myers Hall will be demolished to make way for a park.

Drexel, Gattuso Development Partners to build $400M life sciences project

https://www.bizjournals.com/philadel...m-project.html

Drexel University and Gattuso Development Partners (GDP) announced Monday that they are slated to build a 500,000-square-foot life sciences research and lab building on campus beginning later this year. It’s estimated that the proposed building at 3201 Cuthbert St. near 32nd and JFK Boulevard will be the largest life sciences research lab facility in the city when it’s completed in fall 2024.

At the end of last year, Spark Therapeutics announced a same-size manufacturing facility at 30th and Chestnut streets on Drexel’s F Lot. Both projects are a nod to the ever-growing demand for life sciences space in University City and beyond: As a CBRE report noted in December, Philly real estate isn’t keeping up with life science lab space demand.

GDP is behind the skyline-defining Comcast Center and Comcast Technology Center, as well as 18 new buildings down at the Navy Yard. The company will partner with New York-based Vigilant Real Estate Holdings and Boston-based The Baupost Group on the project.

U City is poised to overtake Cambridge in the next decade in research and life sciences. The influx of researchers, employees and biotechs will only increase housing demands in the area - continuing to push the boundaries throughout west Philly for rehabbing decrepit homes and new construction on empty lots. Exciting times!

[thedirtypirate]

Originally Posted by Pennsport

U City is poised to overtake Cambridge in the next decade in research and life sciences. The influx of researchers, employees and biotechs will only increase housing demands in the area - continuing to push the boundaries throughout west Philly for rehabbing decrepit homes and new construction on empty lots. Exciting times!

Take over is a bit bold and too general. Cambridge and the Boston area has deep roots in multiple hard science fields that University City will not be able to fully compete with. Gene Therapy, one of the fastest growing/ most promising biotech fields, is ours for the plucking though. It really shouldn't come as a surprise because Gene Therapy is more closely a relative of the Pharma industry (an industry Philadelphia has extremely deep roots in) than it is related to actual tech. None the less, it's still transformative business growth.

[thedirtypirate]

If the census is to be believed.... philadelphia did absolutely terrible last year population wise and saw a substantial amount of last decades "growth" be erased in the last two years. A shame. Obviously, a more nuanced analysis is needed to truly determine where people left from, but I have a feeling it's from all over the place. -27,000+ is a lot of people.

[Tweb66]

Originally Posted by thedirtypirate

If the census is to be believed.... philadelphia did absolutely terrible last year population wise and saw a substantial amount of last decades "growth" be erased in the last two years. A shame. Obviously, a more nuanced analysis is needed to truly determine where people left from, but I have a feeling it's from all over the place. -27,000+ is a lot of people.

Do you have a link? I took a look and didn't see anything quite like that. Population growth has slowed to a trickle but didn't see anything show a decrease in population.

[PHL10]

Originally Posted by thedirtypirate

If the census is to be believed.... philadelphia did absolutely terrible last year population wise and saw a substantial amount of last decades "growth" be erased in the last two years. A shame. Obviously, a more nuanced analysis is needed to truly determine where people left from, but I have a feeling it's from all over the place. -27,000+ is a lot of people.

Could you share the info you are looking at? Are you saying that the population was actually 1.63M in 2018 and then dropped to 1.60 in 2020? The only way one could know that would be to use annual census estimates which are just that and often miss the mark. I have no doubt we lost people during the COVID shutdowns and I suppose it could have been significant but I have troubling believing it was tens of thousands.

[thedirtypirate]

Originally Posted by Tweb66

Do you have a link? I took a look and didn't see anything quite like that. Population growth has slowed to a trickle but didn't see anything show a decrease in population.

Originally Posted by PHL10

Could you share the info you are looking at? Are you saying that the population was actually 1.63M in 2018 and then dropped to 1.60 in 2020? The only way one could know that would be to use annual census estimates which are just that and often miss the mark. I have no doubt we lost people during the COVID shutdowns and I suppose it could have been significant but I have troubling believing it was tens of thousands.

https://www2.census.gov/programs-sur...ets/2020-2021/


Once there, you can click on counties or metros and then open it in Excel





the population as of July 1st 2020 was 1,601,005 (a decline of -2,792 from the year before that). the population as of July 1st 2021 is estimated at 1,576,251. A loss of just about -25,000. In total, a net of over -27,000

[Tweb66]

Thanks, lets hope those estimates are either wrong or just temporary. I am not too alarmed, yet. 2020 and 2021 saw a spike in death rates, and a drop in birth rates. I assume we will get back to something closer to 2019. That along with resumption of immigration should help a lot. The US today announced it is taking 100k Ukrainian refugees, I think we would be an attractive destination considering the size of our existing Ukrainian community.

[thedirtypirate]

Originally Posted by Tweb66

Thanks, lets hope those estimates are either wrong or just temporary. I am not too alarmed, yet. 2020 and 2021 saw a spike in death rates, and a drop in birth rates. I assume we will get back to something closer to 2019. That along with resumption of immigration should help a lot. The US today announced it is taking 100k Ukrainian refugees, I think we would be an attractive destination considering the size of our existing Ukrainian community.

Lol... i was just thinking the same thing. The russians are inadvertently sustaining our immigration numbers.


The death rate being higher than birth rate is pretty strange given it's reverse for every other metro around us. Does it mean we are getting younger? Or getting older on average? One thing it definitely says: given DC and NYC had more births than deaths, their out-migration must have been WAY WAY WAY higher to achieve declines like that even with more births.

[thedirtypirate]

Originally Posted by thedirtypirate

The death rate being higher than birth rate is pretty strange given it's reverse for every other metro around us. Does it mean we are getting younger? Or getting older on average?

Actually the more I think about it, it makes perfect sense. With an increase in elder death rates due to covid, places that don't tax retirement incomes like PA, will inherently have more deaths in a period like we have just gone through.