Projects – Large Scale
Despite the shock of a trade war between the United States and China, the economies in the vast Asia Pacific region are projected to keep growing—as are the opportunities to invest in commercial real estate. Huge investments in infrastructure are helping keep these economies growing.
The plan to develop a robust pipeline of tech talent—and to retain that talent—was one of the deciding factors driving Amazon’s choice of Crystal City in Arlington, Virginia, said speakers at the ULI’s 2019 Fall Meeting in Washington, D.C.
Located in Tanjong Pagar, downtown Singapore’s historic Chinatown, Guoco Tower is the tallest tower in the city-state. It is a mixed-use tower that incorporates office space with retail, hospitality, residential, and park space. The tower serves as a connector between the historic Chinatown and the central business district (CBD), with its taller towers closer to the CBD and the shorter hotel tower nearest the historic district. It has spearheaded the creation of the Tanjong Pagar business improvement district to promote the district as a place where people want to live.
Located in Foshan, Guangdong, China, Lingnan Tiandi (LNTD) Lot 1 is the largest city-core historic preservation project in China. Lot 1 is a 13.8-acre (5.6 ha) project at the center of a larger 128-acre (52 ha) development that has revitalized the historic Chancheng District.
The winners, each of which demonstrates a comprehensive level of quality and a forward-looking approach to development and design, include seven projects in the United States, three in Asia, and one in Europe.
The Moscow Street Program reimagined more than 200 public spaces across Moscow between 2015 and 2017, ahead of the 2018 FIFA Men’s World Cup. The program, led by Strelka KB, the architecture consultancy branch of Moscow’s Strelka Institute, may be the largest infrastructure project in Russia since the Soviet era.
According to U.S. Census Bureau estimates, the population of Washington, D.C., topped 700,000 residents last year, the first time since 1975. But the Metropolitan Washington Council of Governments estimates a shortfall of more than 200,000 housing units by 2025 to meet the projected job growth and transportation system performance in the urban core of the D.C. region. A ULI Washington Impact Task Force report addressed two main barriers to opportunities for supply growth and attainability: navigating the entitlement and approval processes, as well as gaining community acceptance through engagement and participation.
Copenhagen’s investment in its revitalized waterfront area is paying off, said land-use experts speaking at the ULI Real Estate Forum, while the affordability of housing is an ongoing concern. Attendees saw firsthand what it means to be a people-centric city aspiring to become the first carbon-neutral world capital by 2025.
Thais have long focused on the need for water management—but many are calling for more action.
According to a new report from Cushman & Wakefield, flexibile office space could triple in size in the coming years, representing 5 to 10 percent of office inventory in many markets. Investors also believe coworking is well positioned to weather an economic downturn.