Where the Community Owns The Real Estate — Next City
Next City

Where the Community Owns The Real Estate

April 27, 2023 · 40 min

Why listen

A Philadelphia neighborhood is taking ownership of its own commercial real estate, and it might be a model for cities everywhere.

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Where the Community Owns The Real Estate
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In this episode

  • How the Kensington Corridor Trust works and what it actually owns
  • Why historically disinvested neighborhoods turn to community-led real estate
  • What it takes for a community land model to gain mainstream recognition
  • How this Philadelphia effort fits into a broader national movement

About this episode

In this episode of Next City, we explore the challenges faced by the Kensington neighborhood in Philadelphia — a historically disinvested area known for its struggles. The Kensington Corridor Trust is one of several community-owned or community-led commercial real estate entities across the U.S., and developments like these are starting to get more recognition.
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About Next City

Straw Hut Media

Join Lucas Grindley, executive director at Next City, where we believe journalists have the power to amplify solutions and spread workable ideas. Each week Lucas will sit down with trailblazers to discuss urban issues that get overlooked.

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