While Pennsylvania’s two largest cities, Pittsburgh and Philadelphia, were being revitalized, the third largest, Allentown, continued to decline—until recently. Today, Allentown is the fastest-growing city in the state, thanks in large part to an innovative state law that created the Neighborhood Improvement Zone.
The Chicago Riverwalk, which reused derelict infrastructure, is a 1.25-mile-long (2 km) civic space between Lake Michigan and the confluence of the Main Stem, North Branch, and South Branch of the Chicago River. This reinvention of urban life is at the heart of a new chapter for Chicago in which public space becomes a gathering ground for residents. Providing sweeping views and new connectivity, this civic amenity reunites the river and the city.
The renewed 160-acre (65 ha) Buffalo Bayou Park is a critical urban green space, extending upstream from downtown Houston along Buffalo Bayou, the principal drainage system for much of the city.
Azkuna Zentroa, formerly known as Alhóndiga Bilbao, is the art, culture, and leisure center in the heart of Bilbao, located inside one of the city’s most iconic buildings—the former municipal wine warehouse, which has more than 100 years of history.
Thirteen real estate development projects from around the globe have been selected as winners of ULI’s 2017–2018 Global Awards for Excellence including eight projects in the United States, two in Canada, one in Europe, and two in Asia.
A speaker at a recent ULI Australia event in Sydney said that the property industry can and should go beyond the principles of sustainability to projects that actually help regenerate urban environments.
In many U.S. cities, the pressure to attract and retain workers and create a better quality of life coupled with the declining use of waterways for industrial purposes has made riverfront revitalization a cost-effective redevelopment strategy.
Commercial real estate lending markets remained on the upswing in Q3 2017 with rising equity prices, limited volatility, and tightening spreads, according to the latest research from CBRE.
In the wake of Hurricane Harvey, development costs—not only up and down the Gulf Coast of Texas but also in areas that escaped the storm’s wrath—are poised to jump as builders grapple with a tighter labor market and higher material costs, according to speakers at a ULI Austin event in October.
ULI Toronto and PwC hosted a trends event to present the latest findings for Toronto and the rest of the Canadian market, including a keynote by Andrew Warren, director of real estate research for PwC.