After years of steady growth, the hotel industry is bracing for a tough year. “Growth and revenue are slowing down,” Bruce Baltin, managing director of CBRE Hotels, told executives and experts gathered for ULI’s “Hotel and Resort Development: Next Wave of Innovation” conference in La Costa, California, held June 20–22. “It’s hit a peak. We think we’re at a plateau.”Read More
The long-predicted generational shift in the hotel industry is starting to happen, according to speakers at ULI’s recent “Hotel and Resort Development: Next Wave of Innovation” conference in La Costa, California. Baby boomers are growing older and millennials are developing as a buying group, forcing developers and operators to rethink developments. Everyone is racing to determine what works—and what doesn’t—as projects look to adjust to the latest trends, speakers said.Read More
Homebuyers and developers have developed an appetite for more food-based amenities, said panelists speaking at a ULI Food & Real Estate Forum in Tarrytown, New York. “One of the hottest trends in new home development is incorporating agriculture…communities that include working farms are popping up all over the country,” says Sarene Marshall, executive director of the ULI Center for Sustainability.Read More
The development of megacities will characterize the next evolution of urbanization, global strategist and author Parag Khanna told those attending the 2016 ULI Asia Pacific Summit in Shanghai in June.Read More
China’s “Belt and Road” development strategy must become a world initiative in order to truly succeed, says Shui On Land chairman Vincent Lo.
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.
Trinity Groves is a multiphase redevelopment of a former warehouse and light-industrial site that began with a 10.3-acre restaurant/specialty food incubator and destination.
The finalists for this year’s ULI Robert C. Larson Housing Policy Leadership Awards include Arlington County, Virginia, the City of Chicago, Illinois, New York City, and the State of Iowa.
When the Shanghai government established Zhangjiang Hi-Tech Park, the vision was to develop China’s own “Silicon Valley,” but it has long been missing an essential element: advanced academic institutions. ShanghaiTech’s campus is intended to fill that void.
Joel Kotkin, a fellow in urban studies at Chapman University in Orange, California, whose previous works include The Next Hundred Million: America in 2050 and The New Class Conflict, in his latest book challenges the claimed advantages of high-density, “pack and stack” urban development.