Annual Meeting 2024

Page 1

Old City District Community Report

April 10, 2024

Agenda

What is "Old City District"?

How is OCD funded?

Recent Challenges

Focus Areas

Clean & Safe

Marketing

Economic Development

Continued Recovery

What's Next

Questions

About Old City District

Mission

To improve Philadelphia's historic district as a place for people to meet, work, shop and live by supplementing municipal services with maintenance, public safety, economic development and promotional programs.

About Old City District

Established by Philadelphia City Council in 1998

Service area bounded by Florist Street to the north, Walnut/Dock Streets to the south, Front Street to the east and 6th Street to the west

About Old City District

OCD is a Business Improvement District (BID) in which commercial property owners pay an assessment to fund supplemental services and improvements within the district’s boundaries

 Owner-occupied residential property owners do not pay an assessment

About Old City District

OCD serves to supplement, but not replace, both the services provided by the City of Philadelphia and the responsibilities of property owners

Old City District Board of Directors

 Patrick Shillenn, FKB Studio-Board Chair

 Donn Clendenon, Clendenon Properties LLC –Vice Chair

 Kathryn Bittner, WSFS Bank - Treasurer

 Valerie Lyons, Weber Gallagher – Secretary

 Miquon Brinkley, Thinker Makers Society

 Jeffrey Brown, Jeffrey M. Brown Associates

 Erik Derr, Becker LLC

 Jonathan Dubrow, Coldwell Banker Commercial

Vince Lattuca, Christ Church Preservation Trust

Donal McCoy, Sassafras Bar

Jennifer Nagle, Philadelphia Convention & Visitors Bureau

Ashley Peel, Philadelphia Independents

Betsy Oliphant Ross, Consultant

Joe Tice, Accelalpha

Brennan Tomasetti, Civetta Property Group LLC

Lizzie Woods, Delaware River Waterfront Corporation

National Park Service Liaison: Steven Sims, Independence National Historic Park

Ex-Officio/Non-Voting Member: Hon. Mark Squilla, Philadelphia City Council

Counsel: Josh Grimes, Esq.

Old City District Board of Directors

 Patrick Shillenn, FKB Studio-Board Chair

 Donn Clendenon, Clendenon Properties LLC –Vice Chair

 Kathryn Bittner, WSFS Bank - Treasurer

 Valerie Lyons, Weber Gallagher – Secretary

 Miquon Brinkley, Thinker Makers Society

 Jeffrey Brown, Jeffrey M. Brown Associates

 Erik Derr, Becker LLC

 Jonathan Dubrow, Coldwell Banker Commercial

Vince Lattuca, Christ Church Preservation Trust

Donal McCoy, Sassafras Bar

Jennifer Nagle, Philadelphia Convention & Visitors Bureau

Ashley Peel, Philadelphia Independents

Betsy Oliphant Ross, Consultant

Joe Tice, Accelalpha

Brennan Tomasetti, Civetta Property Group LLC

Lizzie Woods, Delaware River Waterfront Corporation

National Park Service Liaison: Steven Sims, Independence National Historic Park

Ex-Officio/Non-Voting Member: Hon. Mark Squilla, Philadelphia City Council

Counsel: Josh Grimes, Esq.

Community Groups

Old City Community Action Group

• Community Cleanup-1st Saturday of each month (weather permitting)

• Meet 2nd Monday of each month at 7 pm at Old First Reformed Church at 4th and Race (Zoom option available)

• oldcityphillycag@gmail.com

Old City District Staff

Job Itzkowitz Executive Director

Brett Mapp DirectorofOperations

Leah Ben SeniorMarketingManager

Lili Razi EconomicDevelopmentCoordinator

Meet OCD's New Team Members

Leah Ben

 Senior Marketing Manager

 Previous experience in marketing roles for Center City District and NoMa Business Improvement District in Washington, DC

Lili Razi

 Economic Development Coordinator

 Lili holds a master's degree in Public Affairs/Community Development and has experience in urban design, zoning administration, and community development

Five-Year Plan & Budget

• Enabling legislation to exist through 2038

• Every five years, OCD submits a Plan & Budget for City Council Approval

• That budget states what OCD can collect via assessments each year

How do assessments work?

How do assessments work?

• Total Commercial Value in OCD is: $1,504,496,935.00

• 508-32 Walnut

• Assessed value is: $158,108,600.00

• ~10.5% of the total commercial value in OCD

• ~10.5% of OCD’s budget

• OCD’s billing amount for 2024 is $1,197,369

• Therefore, 508-32 Walnut pays ~10.5% of $1,197,369, or ~$126,000

• Rate works out to 0.0008

How do assessments work?

$0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 $140,000.00 1 16 31 46 61 76 91 106 121 136 151 166 181 196 211 226 241 256 271 286 301 316 331 346 361 376 391 406 421 436 451 466 481 496 511 526 541 556 571 586 601 616 631 646 661 676 691 706 721 736 751 766 781 796 811 826 841 856 871 886 901 916 Old City Ratepayers 508-32 Walnut $126,000 Median ratepayer: $323

How do assessments work?

$0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 $140,000.00 1 16 31 46 61 76 91 106 121 136 151 166 181 196 211 226 241 256 271 286 301 316 331 346 361 376 391 406 421 436 451 466 481 496 511 526 541 556 571 586 601 616 631 646 661 676 691 706 721 736 751 766 781 796 811 826 841 856 871 886 901 916 Old City Ratepayers Top 50 ratepayers pay 65% of OCD’s budget

2023 Challenges

Five-Year Plan & Budget

Clean and Safe

New Cleaning Company

2024 Data

 Bags of trash collected

 1,824

 Needle and Drug Paraphernalia

 700

 Graffiti/stickers removed

 686

 Pedestrian Assistance

 350

Grayman Security Risk Management

• The Grayman Ambassadors works in the Old City neighborhood to ensure the safety of its businesses, staff, and residents.

• The Ambassadors also handle homeless outreach and addiction referral services.

• Teams of two ambassadors will patrol the Old City neighborhood.

• Three patrols per week, including two-weekend evening patrols

Savage Sisters

• Savage Sisters provides the Philadelphia community with resources for those living with or affected by substance use disorder

• Teams of two outreach workers

• Two rotating shifts per week

Officer Al

 Old City foot patrol PPD Officer Al Macchione

 Monday to Friday 10 am to 6 pm

 Albert.Macchione@Phila.gov

Old City Task Force

Marketing

Marketing

Promote the neighborhood as a place for people to meet, work, shop and live by highlighting the neighborhood’s worldclass assets

Old City District Newsletter

Events and promotions

7,000 subscribers

Sign up

www.oldcitydistrict.org

Old City District B2B Newsletter

Neighborhood updates and information

Sign up

www.oldcitydistrict.org

Click "NEWSLETTER SIGNUP" at the bottom of the homepage!

Twitter/"X"

2023 Post Reach: 62.1K

13,800 18,400 33% overall

Facebook

2023 Post Reach: 115,403

3,353 8,143 142% overall

2023 Post Reach: 98.7K

Instagram 767 43,925 134% avg. YOY 5,626% overall

Social Media

80,000+ followers across platforms

2023 Old City District Map

50,000 maps

30th Street Station, Philadelphia hotels, attractions

Shops, restaurants, hotels, museums, residences in Old City

TV segments
2 radio segments
10 online articles
Old City Wedding Stroll • 13

Old City Eats

Old City Eats

• 1 print article • 12 TV segments • 25 online articles

Old City Fest

Old City Fest

•5 TV segments

•7 radio reports

•32 online articles

•2 print articles

Historic Holidays in Old City

Historic Holidays in Old City

•1 print article

•6 TV segments

48 online articles & mentions

2023 by the Numbers

7 live events

6 events

57k+ visitors

25+ visitors

80k+ followers

+33% vs. 2022

2023 by the Numbers

25+ visitors 21 TV segments 25+ visitors 83 online articles 7 live events 7 live events 31.6M reach $325k ad value

Economic Development

Vision2026: Continuing Work

Published spring 2016 following an extensive public engagement process

 Including a public survey with ~500 respondents

Intended to serve as a framework to help shape the future of Old City

Vision2026: Continuing Work

Values + Aspirations

 Be a world-class walking neighborhood

 Foster civic life through great public space

 Re-Occupy vacant buildings and unbuilt parcels

 Clarify goals of the neighborhood for developers

 Cultivate people: more resident, workers, visitors

 Enhance and protect historic and creative character

 Attract neighborhood-serving retail (especially a grocery!)

 Connect better to nearby neighborhoods

 Encourage car-free travel as the first choice of most

Market Street Transformation

Market Street Transformation

 Funding and engineering for road diet and Tamanend Plaza are complete!

 RFP is expected next month

 Market Street improvements should be completed by 2026

Commerce Street

Commerce Street

Commerce Street

 Total estimated cost now at $2.6M

 Councilman Squilla has committed $100k+ for soft costs

 IHT has committed to supporting fundraising efforts

 Toured with DCED to pitch grant opportunities

Dolly Ottey Park

Dolly Ottey Park

 New adjusted concept plans agreed upon by all stakeholders

 Councilman Squilla has committed $100k to this project

 Total estimated cost TBD

 Property owner is now revisiting its cost estimate

 Potential DCED opportunity here as well

Newsletter Click "NEWSLETTER SIGNUP" at the bottom of the homepage!
Real Estate

Available Commercial Properties

Broker Event

Continued Recovery

2019 - 2023 Weekly Visits

0 50 100 150 200 250 300 Visits in Thousands Week Visits 2023 2022 2021 2019 2020 +79.25% Percent Recovery 2023 vs 2019
Source: Placer.ai

2019-2023 Weekly Employee Visits

2023 2022 2021 2019 2020 0 10 20 30 40 50 60 Visits in Thousands Week Visits +90.30% Percent Recovery 2023 vs 2019
Source: Placer.ai

2019-2023 Weekly Employee Visits

2023 2022 2021 2019 2020 0 10 20 30 40 50 60 Visits in Thousands Week Visits +90.30% Percent Recovery 2023 vs 2019
Source: Placer.ai

Total Annual Visits

4.1 6.3 7.7 0 1 2 3 4 5 6 7 8 9 10 2020 2021 2022 2023 NUMBER OF VISITS IN MILLION VISIT TREND IN OLD CITY +9.1%
Source: Placer.ai

31 New Businesses Opened in 2021

• American Vegan Society

• AXIOM Contemporary

• BBQ Unlimited

• Casa Vida

• Claudia Mills Studio

• Cray Taste

• Damari

• Embrace Dermatology & Aesthetics

• Frame

• Fred Astaire Dance Studio

• Haus of Wood

• Home Cuban Café

• Ikki Japanese Cuisine & Bar

• Jacqueline Michelle & Co.

• Kurry Shack

• Las Bugambilias

• Mari Mi Bridal

• Nic Grooming

• Panda Tea

• Penzey’s Spices

• PFS Bourse Theater

• Philly Style Bagels

• Pizzarama

• Red Parasol Café

• Ride Zoomo

• The Dog Alley

• The Jiu Jitsu Company

• The Link Studios

• Thinker Makers Society Together

• Victoria Roggio Beauty

43

New Businesses Opened in 2022

• 3 J’s Cafe

• A Four Foot Prune

• Amina’s Lounge

• Anima’s Natural Pet Supplies

• Artistic Hair Studio

• Ava Karl Salon

• Bangin Breakfast and Wild Brunch

• Café Tolia

• Citizens Bank

• City Fitness

• City Pizza

• Dafina Co.

• Demure Bridal

• Elektra Vintage

• Hangry Joe’s Hot Chicken

• Home Cuban Cafe

• Istanbul Cafe

• Kadampa Meditation Center

• Lilly's Ferry

• Little Susie’s Pies

• Mochinut

• Museum of Illusions

• Nic’s Grooming

• Old City Kitchen

• Old City Vape

• Olea

• Omnia Spa

• Pet Dermatology Center

• Salon Ballyhoo

• Sol Reminisce

• Stickball Vintage

• The Bubble Tea Room

• The Link Hair Studio

• Together Fitness

• Vanderwende’s Ice Cream

• Wax & Wine

• Petit Jardin en Ville Outdoor Living Showroom

• Philly Cannoli King

• Pingpod

• Pulpery

• Riverwards Produce

• Sage Hair Studio

New Businesses

• 48 Record Bar

• Café Zeit

• Cour Di Caffe

• Eatwell

• Femmi and Yofi Med Spa

• Gong Cha

• JMCD Hair

• La Tienda

• Liberty & Co.

• Linda Glass Compass RE

• Lovello Elizabeth

• Ogawa Philly

• Olivier Cafe

Opened in 2023

• Sharks

• Smoke shop/convenience store

• Tibet-Nepal Handicrafts

• True Direct Home Health Care

• Volume Hair Studio

18

Retail Vacancy Rate

Source: Old City District

12.57% 19.42% 18.00% 17.77% 15.17% 12.75% Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Nov-19 Oct-21

Sources: Old City District and Placer AI

Visits: Total number of visits over the time period, even if that person visited more than once during that time period.

Upcoming Challenges

How do assessments work?

$0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 $140,000.00 1 16 31 46 61 76 91 106 121 136 151 166 181 196 211 226 241 256 271 286 301 316 331 346 361 376 391 406 421 436 451 466 481 496 511 526 541 556 571 586 601 616 631 646 661 676 691 706 721 736 751 766 781 796 811 826 841 856 871 886 901 916
Old City Ratepayers Top 50 ratepayers pay 65% of OCD’s budget

Upcoming Challenges

Upcoming Challenges

Upcoming Challenges

• What happens if top 50 properties lose 50% of their assessed value?

• Total commercial value in district drops from $1.5B to $1.B

• Assessment rate jumps from .0008 to .0012 (50% increase)

How do assessments work?

$0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 $140,000.00 1 16 31 46 61 76 91 106 121 136 151 166 181 196 211 226 241 256 271 286 301 316 331 346 361 376 391 406 421 436 451 466 481 496 511 526 541 556 571 586 601 616 631 646 661 676 691 706 721 736 751 766 781 796 811 826 841 856 871 886 901 916
Old City Ratepayers Top 50 ratepayers pay 65% of OCD’s budget

Top 50 ratepayers pay 48% of OCD’s budget

$0.00 $10,000.00 $20,000.00 $30,000.00 $40,000.00 $50,000.00 $60,000.00 $70,000.00 $80,000.00 $90,000.00 $100,000.00 1 15 29 43 57 71 85 99 113 127 141 155 169 183 197 211 225 239 253 267 281 295 309 323 337 351 365 379 393 407 421 435 449 463 477 491 505 519 533 547 561 575 589 603 617 631 645 659 673 687 701 715 729 743 757 771 785 799 813 827 841 855 869 883 897 911 925
Hypothetical revised assessment
Revised OCD Assessment

How do assessments work?

$0.00 $20,000.00 $40,000.00 $60,000.00 $80,000.00 $100,000.00 $120,000.00 $140,000.00 1 16 31 46 61 76 91 106 121 136 151 166 181 196 211 226 241 256 271 286 301 316 331 346 361 376 391 406 421 436 451 466 481 496 511 526 541 556 571 586 601 616 631 646 661 676 691 706 721 736 751 766 781 796 811 826 841 856 871 886 901 916 Old City Ratepayers 508-32 Walnut $126,000 Median ratepayer: $323
$0.00 $10,000.00 $20,000.00 $30,000.00 $40,000.00 $50,000.00 $60,000.00 $70,000.00 $80,000.00 $90,000.00 $100,000.00 1 17 33 49 65 81 97 113 129 145 161 177 193 209 225 241 257 273 289 305 321 337 353 369 385 401 417 433 449 465 481 497 513 529 545 561 577 593 609 625 641 657 673 689 705 721 737 753 769 785 801 817 833 849 865 881 897 913 929 Revised OCD Assessment
Hypothetical revised assessment
508-32 Walnut $95,000 Median ratepayer: $486

What’s Next

I-95 Park Cap Underway!

Will connect Old City with the waterfront

Source: DRWC

Source: NBC Philadelphia

Market St. Project 2025

 Will add bike lanes, landscaping to Market St.

Source: Urban Engineers

New Developments

Unit Count: 360

Address: 300 N Christopher Columbus Blvd
Status: Under construction but paused

New Developments

Address: 230 Vine Street

Unit Count: 85 (potentially hospitality)

Status: Approved, but for sale

New Developments

Address: 5th and Wood Street.

Unit Count: 74

Status: In approvals

New Developments

Address: 4th and Vine Streets

Unit Count: 70

Status: In approvals

New Developments

Address: 4th and Race Streets

Unit Count:

36 group living units + 4 Accessible Units

Status: Under construction

New Developments

Address: 141-43 N. 4th Street
Unit Count: 36
Status: Under Construction

New Developments

Address: 69-71 N. 2nd Street
Unit Count: 35
Status: In Approvals

New Developments

Address: 3rd and Race Streets

Unit Count: 30

Status: Permits pulled

New Developments

 Address: 3rd and Walnut Street

 Unit Count:

o 8-story hotel

o Retail on the first floor  Status: In approvals

New Developments

Unit Count: 15 hospitality rooms and a ground floor bar space

Status: Under renovation

Address: 301 Chestnut Street
 Address: 27-29 S. 2nd Street  Unit Count: 12 Residentials 2 Commercials  Status: In Renovation
New Developments

New Developments

 Address: 151 N. 3rd St, Quarry Street 
 Status: Under construction
Unit Count: 12

New Developments

 Address: 160-64 N. 2nd Street  Unit Count: 6 Residential 1 Commercial  Status: Under Construction

New Developments

Address: 69-71 N. 2nd Street

Unit Count: 4 hospitality rooms and a ground floor restaurant space

Status: Under construction

New Developments

Unit Count: 5 hospitality rooms

Status: Under construction

Source: thegaslampphilly.com

Address: 140 N. 2nd Street

New Developments

 Address: N. 3rd St and Cherry Street  Unit Count: 4 Residential 1 Commercial  Status:
Project approved

New Developments

 ~860 total units coming soon

 ~1,200 more residents

 ~17% growth

New Developments

 Additional 1,800 units planned for Durst projects

 ~2,700 more residents

 Total projected growth:

 ~3,900 more residents

 ~57% growth

Source: DRWC

2026

Event space and refreshments were generously provided by these businesses

Thank you!
Questions Old City District 231 Market Street Philadelphia, PA 19106 (215) 592-7929 info@oldcitydistrict.org www.oldcitydistrict.org
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.