Developers are snatching up aging golf course properties—many closed or losing money—with an eye toward combining housing with other uses while often trying to preserve at least some of the greenery for community use.
The ULI Terwilliger Center for Housing has announced finalists for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award, which honors exemplary developments that ensure housing affordability for people with a range of incomes.
Like many former industrial U.S. cities, Cleveland is starting to see the fruits of repurposing waterfront land as open space. After decades of neglect, Cleveland’s 25-acre (10 ha) Scranton Peninsula, located on the Cuyahoga River, has been acquired with the goal of creating a mixed-use, mid-rise neighborhood with views of downtown and prime access to the river.
Hospitality, tourism, and medical services remain the largest industries driving Florida’s economy; but hotel and restaurant workers, nurses, and hospital administration employees often struggle to find suitable housing in the state’s largest cities. Panelists at the 2018 ULI Florida Summit discussed innovative solutions to the problem.
Florida remains one of the healthiest worldwide hospitality centers. Hotel occupancy in Miami-Dade rose to 87.9 percent in March from 85.7 percent in the same month last year, and the average daily room rate in was also up. At a panel discussion during ULI’s 2018 Florida Summit, two hotel developers shared how their decision to lean into the evolving trends within hospitality and tourism have bred overwhelming success.
Everyone thought they knew what millennials and their parents, the baby boomers, wanted in housing and lifestyle, but the two largest demographic groups in U.S. history are not behaving as many prognosticators thought they would.
Retail developers who gathered at the 2018 ULI Florida Summit talked about what is working and what isn’t, as they shift their focus to more entertainment and dining amenities combined with mixed use from the traditional strip centers of the recent past.
From macro-economic forces to social, environmental, technological, and political disruption, property and the wider built environment are facing change on a scale not seen for decades, said panelists speaking at the 2018 ULI U.K. National Conference in London, including increased migration, ongoing low interest rates, and increased political discord.
With property in high demand in Berlin—it had the largest year-over-year real estate price increase of any city in the world last year—it makes more sense than ever to look up for new opportunities. A number of developers have found success (or are hoping for a top return) from add-on projects atop existing structures in Germany’s capital.
At a ULI Triangle event in April, representatives of North Carolina’s Capitol Broadcasting Company shared the firm’s plans to redevelop a historic cotton mill, ultimately shifting the fortunes of the town of Rocky Mount.