Development and Construction
With a goal of helping lure people back to the office in light of the post-pandemic work environment, Los Angeles-based real estate investment firm Coretrust Capital Partners is showcasing new technology which creates a safe and inviting workplace in an historic building.
The U.S. housing affordability crisis has both sharpened and spread significantly in the last decade: once largely confined to the coasts and the Southwest, it now extends to nearly every state. The number of metropolitan areas that underproduced housing rose from 100 to 169 between 2012 to 169 in 2019; nationally, underproduction nearly doubled in the same time period, from 1.65 to 3.79 million units.
A long-term trend of housing underproduction exacerbated by rising inflation and economic uncertainty threatens home attainability for millions of people across the United States, according to the 2022 Home Attainability Index, a comprehensive new study from the Urban Land Institute’s Terwilliger Center for Housing.
Endless skyscrapers, narrow streets, hanging neon signs amidst the concrete jungle. Welcome to Hong Kong’s urban fabric, both fascinating in its vibrancy, and overwhelming in its density. But in this hyper-dense city lies Fairview Park, a pioneering residential development in complete contrast to Hong Kong’s urbanity.
With help from a $350,000 gift from former global governing trustee Michael Spies, ULI is launching an innovative program in which artists will be invited to work with developers in the early stages of real estate projects. The Art in Place program will help developers form creative partnerships with artists in fields ranging from painting and sculpture to dance, theater, music, and even culinary arts.
In late May, the Small-Scale Developer Forum (SSDF) celebrated its 10th year of convening. SSDF brings together over 80 attendees and speakers from all over the country—many returning time and again as the forum fills a void for real estate entrepreneurs focused on “doing development different.”
For more than 25 years, the nonprofit Jacobs Center for Neighborhood Innovation has focused its efforts on revitalizing a small cluster of struggling urban neighborhoods with great potential, rich cultural heritage, untapped economic development opportunities and hardworking community members looking to build generational wealth.
ULI has released a case study on One Museum Place, a 250-meter-tall premium office tower with a six-story lifestyle podium located in downtown Shanghai. Developed by U.S.-based developer Hines, the mixed use project opened in March 2018, and has since won a number of green building certifications including LEED Platinum for Core and Shell and industry accolades including 2022 ULI Asia Pacific Excellence Award. Located next to Shanghai Natural History Museum and Sculpture Garden, One Museum Place is considered one of the city’s premium buildings.
Speculative development was once considered a high-risk investment, but now more and more developers are turning to it as consumer demands for speed and choice continue to put downward pressure on the supply chain and landlords race to acquire industrial assets.
Planners are taking a more defensive approach to waterfront design in the hope that they can deliver the appeal of urban life near the water without putting lives at risk.