Yes, although I think I would expect development on the east side of Woodward over to Oakland or I-75 as well, so the corridor is more like eight blocks wide than three. Certainly that is what is being promoted in the North End redevelopment being discussed in the NY Times recently.
I'm reasonably convinced that area will redevelop, but it could take decades. If I were spending money on rehab/redevelopment in the Woodward corridor, I'd spend it somewhere from Virginia Park south; I just think those areas are likely to revive sooner. W. Philadelphia is a bit ahead of the curve in my view.
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