Top 3 Gentrified Neighborhoods in Philadelphia
The City of Brotherly Love has so much to offer that we never tire of writing about it. Today, we will discuss Philly’s neighborhood’s development and gentrification. Although sometimes considered controversial, gentrification is not the villain, if undertaken properly and ethically.
We will use three neighborhoods as examples to describe how gentrification has changed them and what makes them stand out today.
West Kensington
You might know West Kensington as an industrial area from the 19th and 20th centuries. It was home to warehouses and factories that powered Philly’s economy during that era. However, as industries moved out and jobs became scarce, the neighborhoods declined. But the best part is that in recent decades the neighborhood has witnessed a dramatic turnaround, becoming one of Philly’s famous areas.
What Transformed?
So here’s the secret behind West Kensington’s successful gentrification. The proximity to popular neighborhoods like Northern Liberties and Fishtown played a significant role. As these areas became more upscale and expensive, many businesses and residents bought affordable options nearby, focusing on West Kensington. Developers and cash house buyers began transforming old warehouses into loft apartments and mixed-use developments.
Some Highlights
- As is the case with gentrification, the demand for housing led to a surge in new construction, resulting in a real estate boom with the once abandoned streets now lined with apartment complexes.
- West Kensington became a hub for art galleries reflecting the neighborhood’s cultural significance. For instance, the Crane Arts Building hosts creative events that draw people from all over Philly.
- The gentrification also gave rise to a thriving food and drink scene. I am fond of the local coffee shops and always end up at one of the many.
What About Challenges?
As is the case with most projects, gentrifying West Kensington faced several challenges in the form of displacement of low-income families and property taxes. This made it harder for such people to stay in the neighborhood.
Point Breeze
Point Breeze is a famous working-class neighborhood. In recent years, Philadelphia paid attention to gentrifying the neighborhood aimed toward development and investment. We believe that gentrifying Point Breeze overall was a success as the neighborhood still carries the tight-knit community charm.
What Transformed?
In simple terms, the neighborhood’s proximity to downtown Philadelphia has made it an attractive option for homebuyers and developers. One of the most attractive features of this neighborhood is the traditional rowhouses.
Some Highlights
- Developers flocked to this neighborhood constructing modern rowhouses and condos catering to dwellers seeking affordable alternatives. The rise in property values also prompted homeowners to renovate older homes adding to the overall charm.
- Playgrounds and community centers have been improved. Wharton Square Park has become a popular gathering spot.
What About Challenges?
Similar to West Kensington, the gentrification of Point Breeze sparked debates about displacement and affordability. Several longtime residents felt the pressure of rising costs associated with the process.
University City
The gentrification of University City is a must-tell story. This neighborhood is home to some of Philadelphia’s most prestigious institutions, including Drexel University and the University of Pennsylvania. The area has always been a center for research, but the investments from the gentrification transformed it into a thriving and vibrant neighborhood that blends academic, residential, and commercial elements. Now that’s a success story right there.
What Transformed?
University City’s gentrification has been driven largely by its universities’ expansion and the surrounding area’s development. Major projects like the Schuylkill Yards initiative have brought office spaces and luxury apartments to the neighborhood.
Some Highlights
- The presence of universities is generally a positive sign for neighborhoods. It drives demand for housing and amenities and contributes to a lively atmosphere.
- University City emerged as a center for innovation establishing a strong presence, and spurring economic growth.
- Investment in public parks such as Penn Park enhanced the neighborhood’s appeal
What About Challenges?
Despite the successes, University City faces challenges related to inclusivity and affordability. The influx of wealthier residents has driven up property prices. Additionally, some critics argue that the neighborhood’s rapid development prioritized commercial development over the community’s needs.
Gentrified Areas in Philly
As the City of Brotherly Love continues to evolve, city leaders, developers, and residents should work together to ensure that the gentrification benefits everyone. In our opinion, with policies that promote affordable home-selling options, protect long-term residents, and support local businesses, the process will be an overall success.