Today, Passyunk Avenue Revitalization Corporation (PARC) announced the resignation of Executive Director Sam Sherman after five years leading the community development and service organization. "Sam has played a vital role in taking an organization that was on the verge of dissolution and transforming it into a major component of the continued revival of East Passyunk Avenue and the neighborhoods that surround it," said Paul R. Levy, Chairman of the PARC board.
During his time, Sherman was a key player in pulling in some of the major restaurant talent on the Avenue, chief among them highly-accoladed Noord, Brigantessa, Palladino's, and Will BYOB. Sherman explained his development model in a recent interview with Phila-State: the acquisition and renovation costs for many PARC-owned buildings were a better fit for restaurant tenants, since they tend to make more of an impact on the bottom line. This allowed PARC to subsidize retail rents — which eventually helped create that "stroll-able" ecosphere we all know East Passyunk to be.
He'll stay with PARC until the end of June 2016 to smooth the transition into a new director, a position the organization will begin their search for starting this December. For more on Sherman's urban development efforts and experiences, check out the aforementioned podcast interview with Phila-State.