Signature Industry and Boom of Development
Philadelphia is poised to break through as a leader in life sciences research, and the boom of development throughout the city and outskirts attests to the growth of this industry. With investment projects underway in University City, the Navy Yard, King of Prussia, and others, BisNow reports that this new signature industry may lead to even more growth and development in Philadelphia. Interest and investment from throughout the country are pouring into Philly, leading to more jobs and people moving in. Housing development, especially affordable housing, in neighborhoods (such as Mantua and Powelton Village) close to the current commercial projects are bound to grow as a result.