Media Contact:

Lindsay Doyle

Grimm & Grove Communications

(April 24, Bala Cynwyd, PA) – On Wednesday, May 10, 2023 City Ave District will mark the exciting return of its popular annual event: State of City Ave. With five major development projects totaling more than $300 million, the record-setting sale of Presidential City, a proposed retail master plan and landscape master plan, there is major momentum happening all across the District.

City Ave District’s President & CEO, Bryan Fenstermaker will provide a retrospective on nearly 25 years of impact on this important commercial corridor, along with the latest economic activity that is positioning City Ave as the future of the suburbs.

The event will also feature a panel discussion with leaders in the real estate space as they provide updates on their respective projects and unpack some of the top development and investment trends impacting the market. The 2023 panel includes:

  • Rich Gottlieb, President & COO, Keystone Development & Investment
  • Mark Brennan, Vice President, Development Northeast, Federal Realty Investment Trust
  • Laura Beyer, Regional Property Manager, Mack Property Management
  • Joe Kender, Senior Vice President, University Relations, Saint Joseph’s University

“After a two-year hiatus due to the pandemic, we’re excited to celebrate the return of the popular State of City Ave event,” said Bryan Fenstermaker, President & CEO of City Ave District. “The event comes at a key time where the entire District is experiencing remarkable growth and transformation through new development and commercial activity, infrastructure improvements and placemaking projects. It will be a great opportunity to have everyone in the same place to really understand all the energy and momentum that’s driving our evolution” 

“It is a great privilege to serve as City Ave District’s Board Chair during a period of remarkable growth for both City Ave and the organization” said Rich Gotlieb, President & COO, Keystone Development & Investment. “The culmination of the current commercial and residential growth and activity will help position City Ave District as an engine of prosperity, innovation and vibrancy, that offers world-class public spaces and amenities. I’m excited for all that’s ahead for City Ave District.”

The State of City Ave event will be held Wednesday, May 10, 2023 from 8:30 a.m. – 10:30 a.m. at the Hilton Philadelphia City Avenue (4200 City Ave, Philadelphia, PA 19131). To purchase tickets and for more information please visit:

About City Ave District

City Ave District works with businesses, property owners, developers and residents to shape the future of this important corridor. This is a unique partnership between the City of Philadelphia and the Township of Lower Merion. City Ave District’s mission is to engage public and private partners to build an engaging and enticing place to live, work, learn and play. For more information, visit