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Panel Urges Transit-Oriented Development

PHILADELPHIA-During the Naree conference here local panelists discuss the need for development centered on transit that connects the city and suburbs.

By Marita Thomas | Updated on June 04, 2007

PHILADELPHIA-Transit-oriented development was among the topics discussed during the National Association of Real Estate Editors’ 41st annual conference here. It is especially relevant to Philadelphia, according to Paul Levy, president of Center City District, who said 70% of Center City office workers are served by public transportation.

“Public transportation is gaining momentum every day,” added Jeff DeVuono of Radnor-based Brandywine Realty Trust. “Driving factors are out of control, and the next generation is urban-oriented and green-conscious. Public transportation is critical to development of the future.”

He also said Brandywine’s newly completed Cira Centre office building would not have been successful had it been built along the Delaware River, an area furthest from a Septa train station. “The real incentive for companies to locate in Cira Centre was 30th Street Station,” he said. That site, along the Schuylkill River, connects with both Septa regional rail and Amtrak. DeVuono said, “80% to 82% of Cira people take public transportation to work. We’re having a sale on parking spaces,” he quipped.

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