Development and Construction
Developers are snatching up aging golf course properties—many closed or losing money—with an eye toward combining housing with other uses while often trying to preserve at least some of the greenery for community use.
The ULI Terwilliger Center for Housing has announced finalists for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award, which honors exemplary developments that ensure housing affordability for people with a range of incomes.
Rather than being siloed as strictly transportation initiatives, urban mobility projects and policies are increasingly being viewed in part as economic investment. London is a prime example of this approach, said experts speaking at the ULI Netherlands Conference in May.
Like many former industrial U.S. cities, Cleveland is starting to see the fruits of repurposing waterfront land as open space. After decades of neglect, Cleveland’s 25-acre (10 ha) Scranton Peninsula, located on the Cuyahoga River, has been acquired with the goal of creating a mixed-use, mid-rise neighborhood with views of downtown and prime access to the river.
Longtime ULI leader Douglas D. Abbey, chairman of Swift Real Estate Partners in San Francisco, has been named chairman of the ULI Foundation. Abbey, whose membership with ULI spans 37 years, began his term as Foundation chairman July 1.
Hospitality, tourism, and medical services remain the largest industries driving Florida’s economy; but hotel and restaurant workers, nurses, and hospital administration employees often struggle to find suitable housing in the state’s largest cities. Panelists at the 2018 ULI Florida Summit discussed innovative solutions to the problem.
Five real estate industry leaders have been added to the ULI Global Board of Directors, serving terms that began July 1. In addition, 26 industry luminaries and leading ULI members have been added to the roster of ULI’s Governing Trustees, who provide leadership in member advancement of the Institute’s mission.
Florida remains one of the healthiest worldwide hospitality centers. Hotel occupancy in Miami-Dade rose to 87.9 percent in March from 85.7 percent in the same month last year, and the average daily room rate in was also up. At a panel discussion during ULI’s 2018 Florida Summit, two hotel developers shared how their decision to lean into the evolving trends within hospitality and tourism have bred overwhelming success.
Everyone thought they knew what millennials and their parents, the baby boomers, wanted in housing and lifestyle, but the two largest demographic groups in U.S. history are not behaving as many prognosticators thought they would.
The population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand—particularly among younger households—for walkable living environments that are convenient to jobs, transit, and urban amenities, according to new research published by ULI and RCLCO.