The Philadelphia Business Journal’s updated Crane Watch map provides a visual overview of development projects in the region, including those proposed, under construction, or recently completed. Over $1 billion in new investments have been announced or initiated since the last update, spanning industrial projects, recreational spaces, and numerous residential units. Despite challenges in financing, large-scale developments persist. Notably, two waterfront projects in Philadelphia, totaling around $100 million, are poised to invigorate areas along the Schuylkill and Delaware rivers. One such project, the $60 million West Philadelphia Waterfront initiative near 30th Street Station, aims to establish a two-deck structure featuring a public pool, beach, and entertainment venue. Led by the University City District, this project will connect the growing University City neighborhood with Center City, fostering public access and connectivity.

*Article courtesy Philadelphia Business Journal

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