Seeking innovative ways to accommodate Toronto’s growing population, developers across the city are launching “mega-mixed-use” projects that are redefining urban living for generations to come.
During a period of phenomenal growth in which Toronto has had more cranes in the sky than any other North American city, a new form of city region with multiple urban centers has started to emerge in the Greater Toronto Area. This new city region is propelled by powerful economic and social forces and spurred by the imperative of a more sustainable future.
Telepresence robots are beginning to appear in intensive-care wards and patients increasingly get access to doctors by phone, mobile app, or computer. The rise of “telehealth” could further shrink or shift traditional office space demand, according to a speaker at ULI Central Florida’s Real Estate Trends 360° Conference.
With Arizona continuing to be among the U.S. leaders in job growth, several of the state’s most successful retail, office, and mixed-use residential developers discussed the opportunities of the past decade at a ULI Arizona event.
Developments showcased at the 2020 ULI Carolinas Meeting included transit-oriented affordable housing, gleaming new downtown office towers, an opportunity zone development for technology tenants, and a new recreation center for Clemson University students using mass timber.
Since 2014, the United States has averaged 300,000 more household formations per year than residential permits issued. While the number of residential construction workers has increased to meet the need, more housing is still needed. If the United States could return to pre-2006 ratio of 2.1 new residential permits for every residential construction worker, there would be almost 400,000 additional housing permits per year, all without adding a single new employee.
Strong economies, healthy job creation, and significant population increases continue to be reported across the Southeast.
Whether it’s evaluating the negative impacts of single-family zoning in cities or blending single-family rental communities with apartments, developers are working to create more housing by taking new approaches, said panelists during the 2020 ULI Tampa Trends event.
The Greater Sydney Commission (GSC) has prepared a 40-year vision for connecting and rebalancing growth and development in Greater Sydney, one of the fastest-growing regions in the developed world. In an event organized by ULI Australia and Urbis, GSC chief commissioner Lucy Turnbull presented the keynote, outlining how land use, transport, and infrastructure planning for the growth areas have for the first time been prepared concurrently.
Panelists at the 2020 ULI Tampa Trends event said that smart parking and traffic sensors are already being incorporated into large projects, and Microsoft is funding the use of artificial intelligence at the University of South Florida’s medical school.