Developers of master-planned communities (MPCs) must innovate to remain relevant, said Kathleen B. Cecilian, a ULI governor and chief executive officer (CEO) of Flemington, New Jersey–based marketing firm Cecilian Worldwide, speaking at the 2016 ULI Spring Meeting. “There are innovators in each of your companies who should stimulate discussions about the future of MPCs,” she said.
Over the past half-century, west Philadelphia’s University City district—located across the Schuylkill River from Center City—has morphed from a blighted urban neighborhood into a thriving mixed-use hub for higher education, health care, and tech startups. In the process, it has become a template for other old industrial cities striving to remake themselves, said panelists speaking at the ULI Spring Meeting.
Real estate developers and cities are becoming more responsive to cyclists’ needs by creating an increasing number of amenities tailored to those who would rather bike than drive. A new ULI publication, Active Transportation and Real Estate: The Next Frontier, identifies this trend as “trail-oriented development,” the latest phase in the evolution of urban development from car-centric to people-friendly design.
As financing for real estate development tightens, institutional equity investors are becoming more selective in their funding, and developers are exploring new market segments such as the over-70 sector, said panelists speaking at the 2016 ULI Spring Meeting.
The ability of smaller communities to leverage their strengths and position themselves as attractive places to live, work, and invest is explored in a new ULI publication, Reaching for the Future: Creative Finance for Smaller Communities.
Concepts like cohousing and similar models of development are poorly understood oddities or pigeonholed as student housing.
The U.S. economy remains in good shape with steady, if unspectacular, growth, the head of one of the world’s largest investment management companies said at the opening of the general session at ULI’s Spring Meeting in Philadelphia.
At ULI’s 2016 Spring Meeting in Philadelphia, three developers explained how increasingly crowded downtown markets are driving denser waterfront projects at marginally built-out sites in inner-ring suburbs. As Jim Tinson, CEO of Hart Howerton, said, his company was honing innovative ways “to unlock the waterfront’s potential.”
Speaking at the 2016 ULI Spring Meeting in Philadelphia, panelists said that while valuations are quite high, the relatively low levels of leverage may mitigate some of the boom-to-bust tendencies of past building cycles.
ULI has selected Patrick J. Kiger as the recipient of the 2016 ULI Apgar Urban Land Award, which recognizes industry articles of practical value published in Urban Land magazine, the Institute’s flagship publication.