Author: Archana Pyati
Archana Pyati is an impact writer with ULI.
Articles by Archana Pyati
- New CoStar Data Reveal a Vast National Inventory of Naturally Occurring Affordable Housing—and an Untapped Opportunity
Published on October 24, 2016 in Market Trends
At least 5.5 million units of naturally occurring affordable rental housing exist in cities across the United States, according to newly released data from CoStar, a leading provider of data and analytics for the commercial real estate industry. In an age of dwindling public subsidies for affordable housing, the concept of preserving naturally occurring affordable housing (NOAH) is gaining currency.
- MIT Group Imagines Sophisticated Solutions for High-Performing, Livable Cities
Published on July 07, 2016 in Planning & Design
One of two dozen research groups housed at MIT's Media Lab, the Changing Places group is focused on developing new, more efficient, and creative mobility systems and ways of living and working in cities at a time when urban populations are growing, while the resources to sustain them are shrinking. Kent Larson leads the group and shared several of Changing Places’ projects during the closing keynote speech at the recent ULI Florida Summit in Miami.
- Independent, “Soft” Hotel Brands Bank on Storytelling, Social Media–Ready Moments
Published on June 24, 2016 in Hotels/Resorts
As competition for the dollars of vacationers and business travelers ratchets up, hotel companies are on a never-ending search for ways to differentiate themselves. Guests are looking for uniqueness, local flavor and history, and bespoke experiences that they can capture and share instantly through social media networks, according to a panel of hotel industry experts at the recent ULI Florida Summit in Miami.
- Modern MPCs Combining Resort-Style Amenities with Mixed-Use, Transit-Oriented Neighborhoods
Published on June 20, 2016 in Development
Three new master-planned communities—two in Miami and a third in Sunrise, a west Broward County suburb that skirts the Everglades—are among the most highly anticipated real estate projects in south Florida right now as business and civic leaders gauge consumer appetite for dense, walkable, and mixed-use urban lifestyles. In a state known for sprawling, single-family subdivisions, a move toward vertical, compact communities represents a new chapter.
- The Ongoing Challenge of Attracting and Retaining Creative Class
Published on June 16, 2016 in Planning & Design
Noted urbanist and author Richard Florida opened the recent 2016 ULI Florida Summit in Miami by reminding the audience that the creative class and the industries in which it works are the single most important economic drivers in the 21st-century economy. Naturally, some cities—moreover, specific neighborhoods—are better than others at attracting the creative class, mainly by being highly compact, transit-oriented, and walkable, according to Florida's research.
- A Call for Public/Private Partnerships to Help Win South Florida’s Battle with Rising Sea Levels
Published on June 16, 2016 in Sustainability
Conversations are taking place among private developers, public sector leaders, nonprofit organizations, and academic institutions in south Florida on a shared, multifaceted approach to climate change. A panel on resilience and the real estate industry at the recent ULI Florida Summit in Miami described some of these emerging partnerships, which will be necessary to adapt to the new normal of sea-level rise as well as plan and pay for more resilient communities.
- Renewing the Commitment to Lifting People Out of Poverty through Public Housing
Published on June 06, 2016 in Sustainability
While experts, speaking at the at the recent ULI Housing Opportunity 2016 conference in Boston, agree that a mixed-income environment is still the best platform to lift people out of poverty, they also said that new approaches and partnerships are needed to deliver on mixed income’s promise of economic mobility and racial and social integration.
- Impact Investing Platforms Create New Equity Streams for Affordable Housing
Published on June 03, 2016 in Capital Markets
A new generation of “social-impact investors” are eager to place their equity in housing as a platform to address a variety of issues they care about, including economic mobility and disparities in health outcomes and educational attainment. Panelists at the recent ULI Housing Opportunity 2016 conference in Boston discussed platforms aimed at expanding the pool of equity investors with the potential to shore up the supply of affordable and workforce housing.
- Improving Economic Outcomes for Residents in Mixed-Income Developments
Published on May 31, 2016 in Development
In theory, mixed-income communities offer low-income residents a chance to move up the socioeconomic ladder, get a better education, and lead healthier lives. But a look at the data so far shows our current strategies are largely inadequate, said Aaron Seybert, social investment officer at the Kresge Foundation, speaking at the ULI Housing Opportunity Conference in Boston.
- Political Will, Bold Leadership Are Necessary Tools for Reinventing Communities
Published on May 26, 2016 in Development
A new ULI report describes a variety of public financing tools for cities seeking to reinvent themselves and attract greater private investment. The report, however, is not about any one specific financing tool or taxing mechanism, but about the leadership, strategic vision, and political will necessary to create a plan for reinvention and execute it. Expert panelists discussed how these challenges played out in Pittsburgh; Greenville, South Carolina; and Cincinnati at the recent ULI Housing Opportunity Conference in Boston.
- Four Solutions for Housing Cost-Burdened Families
Published on May 23, 2016 in Market Trends
In February, Enterprise Community Partners unveiled an ambitious policy platform that is intended to improve the lives and outcomes of housing-insecure families.
- Lessons from Yonkers and Beyond: Communities Grapple with Integration
Published on May 19, 2016 in Sustainability
Lisa Belkin’s book, Show Me a Hero, was first published in 1999, leading to a 2015 HBO six-part miniseries that dramatized what happened when Yonkers, New York, was ordered by a federal judge in 1985 to end its practice of racially segregating its population through its public housing program and school system.
- Portrait of the Artist as Community Developer: Theaster Gates and Chicago’s South Side
Published on May 19, 2016 in Development
Chicago-based Theaster Gates may be the only artist in the United States merging the roles of artist and real estate developer. A celebrated and commercially successful multimedia artist who has exhibited work in museums and galleries around the world, Gates has transformed blocks of his South Side neighborhood through key investments in housing and unique community assets that provide residents with outlets for expression while preserving local culture before it disappears.
- Addressing Concerns over Demographic Changes, Restrictive Lending Environment at 2016 Butcher Forum
Published on May 02, 2016 in Market Trends
What millennials will do once they marry and have children, a restrictive lending environment, and flat income growth were among the topics discussed at the third annual Butcher Forum, an invitation-only gathering in April of the top executives who represent the multifamily housing industry in the United States.
- Trail-Oriented Development: People-Oriented Design’s Latest Phase
Published on April 18, 2016 in Planning & Design
Real estate developers around the world are responding to increased consumer interest in cycling and walking as preferred modes of transportation by building projects adjacent to trails, bike paths, bike-sharing stations, and other infrastructure that supports human-powered mobility, according to Active Transportation and Real Estate: The Next Frontier, a new ULI report.
- 40 Under 40: Looking Back at Members of Class of 2014
Published on April 14, 2016 in Market Trends
The Urban Land 40 Under 40 program first launched in 2014, recognizing and celebrating the best and brightest among real estate and land use professionals under the age of 40 from around the world. Here we take a moment and look back at three members of the inaugural class—one each from the Americas, the Asia Pacific region, and Europe.
- The ULI 2015 Annual Report
Published on March 30, 2016 in Market Trends
Discover how our members have advanced ULI’s mission and enhanced communities around the world.
- Women Aspire to Leadership Positions in Real Estate and Often Strike Out on Their Own to Find Them, WLI Research Says
Published on October 19, 2015 in Market Trends
Women in the real estate and land use industries have strong ambitions to lead companies and are willing to make multiple moves or start their own companies in order to advance their careers, according to a panel discussion of a report developed by the ULI Women’s Leadership Initiative (WLI); the discussion took place at the 2015 ULI Fall Meeting in San Francisco.
- Transbay District: Higher Densities and a New Transit-Oriented Neighborhood in Downtown San Francisco
Published on October 15, 2015 in Planning & Design
The Transbay Transit Center—a new multimodal transit hub that includes a retail center and a 5.4-acre (2.2 ha) rooftop park—is under construction south of Market Street, San Francisco’s main commercial strip, which acts as a gateway to the city’s famous and well-developed Financial District to the north.
- Real Returns for Investing in Resilience
Published on October 07, 2015 in Sustainability
As climate change poses greater financial risks to real estate in the form of near-term extreme weather events and longer-term impacts like sea-level rise, developers and owners are increasingly investing in new infrastructure and technologies, innovative design and construction methods, and other resilience strategies not only to protect their properties, but also to create value for their developments, according to Returns on Resilience: The Business Case, released by the Urban Land Institute.
- Expanding Housing Opportunity through Cost Containment and New Financing Tools
Published on August 03, 2015 in Capital Markets
For over a decade, the supply of affordable rental housing in the United States has been woefully insufficient to keep up with demand. The ULI Housing Opportunity 2015 Conference took a hard look at this multifaceted problem, particularly as it relates to rental housing.
- Innovative Capital Needed to Fund More Mixed-Income Communities
Published on August 03, 2015 in Market Trends
At a panel discussion on mixed-income housing at the recent ULI Housing Opportunity 2015 conference, ULI trustee Colleen Carey shared a recent experience of trying to raise capital for a mixed-income multifamily project that her firm, the Cornerstone Group, hopes to build as part of Lyndale Gardens, a new town center in Richfield, Minnesota.
- The Twin Cities’ Affordable Appeal Is Increasingly at Risk
Published on July 20, 2015 in Market Trends
Population growth and a market playing catch-up to meet pent-up demand threaten the region’s affordability, according to a panel of mayors from the Twin Cities that kicked off the 2015 ULI Housing Opportunity Conference in Minneapolis.
- Designing for Dignity: Viewing Design as a Social Tool
Published on July 20, 2015 in Planning & Design
Designing more human-centered communities requires “moving beyond intentions of what we hope to create to finding ways to actually engage with people [in order] to get there,” said designer and architect Liz Ogbu, speaking at ULI’s Housing Opportunity Conference in Minneapolis last week.
- Creating Long-Term Value through Resiliency
Published on May 22, 2015 in Sustainability
Preparing for more frequent and intense storms, wildfires, or droughts as well as for incremental rises in sea levels and water temperatures can no longer be ignored in favor of cost cutting and short-term returns, according to a panel of sustainability experts at the 2015 Spring Meeting in Houston.
- Health Care and Life Sciences as Catalysts for Community Development
Published on May 22, 2015 in Market Trends
Health care and life sciences continue to yield strong returns for real estate investors. These sectors can also create economic value through their physical footprints, anchoring mixed-use developments that attract a diverse workforce while spurring further development, according to an expert panel at the 2015 ULI Spring Meeting in Houston.
- Shifting the Focus of Commercial Strips from Moving Cars to Connecting People
Published on May 20, 2015 in Sustainability
ULI’s Building Healthy Places Initiative and the Rose Center for Public Leadership are taking a closer look at auto-oriented commercial strips and their potential to activate healthy behaviors in surrounding communities instead of inhibiting them through demonstration corridors in four geographically diverse and growing cities.
- ULI Remembers Pat Goldstein, Citicorp and Emigrant Bank Exec
Published on May 01, 2015 in Market Trends
Patricia Goldstein, a ULI Foundation Governor and the vice-chairman and head of commercial real estate for Emigrant Bank, passed away on April 29 after sustaining injuries in a cycling accident in Highland Beach, Florida. She was 69.
- The 2014 Annual Report
Published on April 08, 2015 in Industry Sectors
The 2014 Annual Report tells stories of ULI members making a positive impact every day in their communities, and it highlights members’ extraordinary contributions in advancing the ULI mission to create thriving, sustainable communities worldwide.
- Charleston’s Upper Peninsula: Sustainable Growth for a Knowledge-Based Economy
Published on March 04, 2015 in Development
Dubbed “Silicon Harbor” by Fast Company magazine, Charleston has become a hotbed for digital startups with homegrown firms like Blue Acorn, PeopleMatter, and BoomTown! creating high-wage jobs, drawing talent from outside the region, and pumping dollars into the regional economy.
- Charleston’s Mayor Looks Back on 40 Years of Progress
Published on February 23, 2015 in Development
As he completes his tenth term as Charleston, South Carolina’s mayor—and his 40th year in office—Joseph P. Riley Jr. could speak only of all that he has left to do and how little time he has to do it.
- KPF President and Renowned Architect Paul Katz Has Passed
Published on December 08, 2014 in Market Trends
Paul Katz, president and managing principal of global architecture firm Kohn Pedersen Fox Associates and a ULI member, died November 20 in Manhattan. He had been undergoing treatment for cancer, with which he had only recently been diagnosed, at Memorial Sloan Kettering Cancer Center. He was 57.
- ULI Foundation Governor, Former Trustee Kenneth Hughes Has Passed
Published on December 04, 2014 in Market Trends
Kenneth H. Hughes, a ULI Foundation governor and former ULI trustee, died November 29 after a brief illness. Hughes, a Dallas-based real estate developer, had as his signature and pioneering project Mockingbird Station, the first transit-oriented development in Texas.
- The Quickening of a Reborn Detroit?
Published on December 01, 2014 in Development
How public and private sector leaders are partnering to fix the Motor City.
- Surgeon General Cites Role of Built Environment for Health
Published on November 14, 2014 in Sustainability
The U.S. Surgeon General urged land use professionals to partner with him in his nationwide campaign to curb the rise of chronic diseases and obesity and to encourage a physically active lifestyle, in a talk at the National Institutes of Health.
- Sustainable Development: Economic Driver and Bulwark against Climate Change
Published on September 25, 2014 in Sustainability
Coastal cities and regions should view private development of waterfront areas as a tool to combat the effects of climate change while also creating jobs, providing much-needed housing, and spurring economic growth, said the chief executive officer of the Bay Area Council, a business advocacy group in the San Francisco Bay area.
- Metrics for Resilience: Defining and Quantifying Success
Published on September 25, 2014 in Sustainability
As cities develop resilience strategies in anticipation of more frequent and severe weather events triggered by climate change, understanding what success looks like across a broad spectrum of indicators will be critical to their efforts, said panelists at a ULI conference.
- New HUD Competition Will Reward Resilience, Not Just Recovery
Published on September 22, 2014 in Sustainability
A new competition for U.S. federal disaster relief funds will reward forward-thinking proposals that build resilience within communities, rather than those that rebuild in the same places using outdated methods, said HUD's Harriet Tregoning, speaking at a ULI event.
- From Droughts to Floods, Extreme Weather’s Increasing Impact
Published on September 11, 2014 in Sustainability
Far from being a problem for future generations, climate change and its impacts both severe and incremental are confounding communities across the country every single day, according to Rebecca Smyth, the West Coast director of the Coastal Services Center, a branch of the National Oceanic and Atmospheric Administration (NOAA) that focuses on coastal health, restoration, and resilience.
- Rebuild by Design: Understanding Risk and Accepting Uncertainty
Published on September 11, 2014 in Planning & Design
Marilyn Jordan Taylor, former ULI Chairman, highlighted the key themes of Rebuild by Design, a multistage design competition, at ULI’s Building the Resilient City: Risks and Opportunities conference in San Francisco.
- Real Estate Industry Needs Better Integration of Resilience
Published on September 08, 2014 in Sustainability
While real estate investors have always paid attention to earthquakes, floods, and other natural disasters that create uncertainty for their portfolios, few speak explicitly about “resilience” as a characteristic they are looking for when underwriting properties, according to a panel of investment leaders at a ULI conference held in San Francisco last week.
- Giving Generations What They Want
Published on September 02, 2014 in Residential/Multifamily
Housing that truly accommodates the needs of multiple generations living under one roof and that promotes interaction among them is a niche far from being filled, W. Aaron Conley, president and managing principal of Third Act Solutions, said during a ULI Terwilliger Center on Housing webinar in June.
- Fascitelli to Be Honored at Fall Meeting Gala
Published on August 29, 2014 in Market Trends
The ULI Foundation will honor ULI Foundation Governor Michael D. Fascitelli at an October 20 dinner gala preceding the 2014 ULI Fall Meeting.
- Factoring Transit Times into Development
Published on July 29, 2014 in Infrastructure
When making decisions about where to develop their next residential or commercial project, real estate developers should factor in the actual transit times it takes their customers to carry out the tasks of daily living, transit consultant Jarrett Walker said at a presentation to ULI members and staff at the Institute’s Washington, D.C., headquarters.
- Remembering James Goodell, Founding Chairman of ULI Los Angeles
Published on July 14, 2014 in News
James Goodell, the founding chairman of ULI Los Angeles and president of Public Private Ventures (PPV), a real estate and planning firm, died Sunday morning at his home in Pasadena, California, after a long battle with stomach cancer. In addition to his wife, Nancy, he is survived by his children Josh and Melissa, and five grandchildren.
- Bike Commuting in the Tropics—Singapore’s Challenge
Published on July 14, 2014 in Infrastructure
Turning Singapore into the Amsterdam of Asia won't happen overnight – and that's not even the point.
- LaHood Cites Detroit’s M1 Streetcar as Example of Partnership for Transit
Published on July 07, 2014 in Infrastructure
Public/private partnerships (P3s) are critical to fixing aging transportation infrastructure and building new mass transit options across the United States, said former U.S. Transportation Secretary Ray LaHood in remarks that concluded a ULI conference in Detroit.
- Despite Successes, Blight Still Threatens Detroit’s Future
Published on June 30, 2014 in Development
Urban blight remains the single biggest challenge to large-scale revitalization efforts underway in the city of Detroit, said Dan Gilbert, founder and CEO of Rock Ventures and Quicken Loans, speaking at a ULI conference on public-private partnerships.
- Why Trustee Roy March Chose to Advance His Family’s Philanthropy through ULI
Published on March 19, 2014 in Development
ULI Trustee Roy March and his family have a particular interest in helping communities rebuild after disasters. ULI programs may seem like a far cry from HIV-related health and education projects in Africa, but March sees them all on a continuum of organizations that make the world a better place and improve the human condition.