Germantown United Community Development Corporation (GUCDC) has retained Real Estate Strategies, Inc. (RES) to conduct a market study and develop a revitalization strategy for the Chelten Avenue commercial corridor in Germantown. GUCDC is actively working to bolster and reinforce the vibrancy of Chelten Avenue to meet the needs of the surrounding community, attract visitors from outside the immediate neighborhood, and provide employment opportunities for neighborhood residents. Building on these efforts, the purpose and objectives of this study are to explore opportunities to strengthen and diversify the mix of commercial uses in the corridor, the potential to reuse vacant or underutilized properties, business and job attraction strategies, and available sources of funding to support recommended revitalization strategies.
RES provides advisory services in real estate and economic development and has extensive experience in preparing market analyses and developing revitalization strategies for commercial corridors and neighborhoods in Philadelphia and throughout the greater mid-Atlantic region. Additionally, RES principals have over 25 years of experience working on development plans and initiatives in the Germantown neighborhood. Careful market research underpins all RES engagements, with the understanding that the best business attraction and economic development strategies begin with a realistic understanding of market dynamics.
The mission of Germantown United Community Development Corporation (GUCDC) is to promote and facilitate the revitalization of the business corridors in the Germantown neighborhood of Northwest Philadelphia through a sustainable, creative, and community-driven approach to economic development. Learn more at www.germantownunitedcdc.org.