Eric Blumenfeld, a prominent homegrown Philadelphia developer, more than a decade ago began rehabbing buildings in the city’s North Broad Street corridor and inviting big-name restaurateurs to use the space. Now, with the reopening of the long-vacant Divine Lorraine as apartment/restaurant space, a beloved architectural icon, Blumenfeld, owner of EB Realty Management, believes his vision is finally coming together.
Entirely new cities are emerging, grounded in cutting-edge technology. Sensor-laden, data-driven, and internet-connected, these urban prototypes are the testing grounds for the future.
Big data is becoming an important part of the real estate business, said Goh Kok Huat, COO of GIC Private Limited, formerly known as the Government of Singapore Investment Corporation, speaking at the ULI 2017 Asia Pacific Summit.
Following a dip in April, the Dodge Momentum Index advanced 4.0 percent in May to 139.1, up from the April reading, which was revised down to 133.7. The index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
ULI has long supported and promoted sustainable development that conserves energy, land, and other natural resources. Our leadership in sustainability has never been driven by government regulations or policies. It has always been a market-driven, value-creating response to the changing environment, and nothing will change that. The forces that have shaped the institutionalization of sustainability and its wide adoption are not going away. In fact, they are going to become stronger and more prevalent in the years ahead.
The latest issue of the magazine is now available for download through the Urban Land app. “Design: Driving the live/work plan environment.” Other topics include a regional spotlight on the Asia Pacific region, highlighting Lifehub@Kunshan in China and Kashiwa-No-Ha Smart City in Japan, plus “BCG’s Move to Hudson Yards” in New York City.
Twenty-five extraordinary developments from around the world have been selected as finalists for ULI’s 2017 Global Awards for Excellence, widely recognized as one of the land use industry’s most prestigious award programs.
There was a time before Prohibition when St. Louis had more than 40 breweries. By the 1980s, however, that number had dwindled to just two. Today, experts speaking at a ULI panel said St. Louis’s smaller brewery scene is again thriving, with 50 separate breweries operating locally.
Experts in housing discuss prospects for this year, the preferences of millennial buyers, the importance of providing communities with a strong sense of place, strategies for making homes more affordable, and other trends.
Tampa and its surrounding cities—such as Sarasota, Bradenton, and Clearwater—are quietly attracting millennials and young families. With lower land prices and a relatively underdeveloped market, Tampa Bay developers are betting on a boom.