Bryan Fenstermaker will take on the role of President and CEO in January.
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Fenstermaker succeeds Terrence Foley, who has been at the helm on City Avenue for 15 years.
Under Foley's guidance, the City Avenue district saw multi-million dollar safety upgrades and development projects, including housing, retail, and offices.
"As an area resident frequenting City Ave, I appreciate both the strengths and opportunities that exist for the district," said Fenstermaker. "Terry has done a tremendous job in shaping the future of this important corridor that serves residents and businesses throughout Philadelphia, Lower Merion and beyond.
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