Tijuana’s historic Zona Centro, a 55-block downtown district and a ten-minute walk from the U.S. border, is undergoing a renaissance that is replacing taco stands and tourist curio shops with residential developments, great restaurants, collaborative workspaces, art galleries, bicycle stations, craft beer breweries, and other entertainment venues. To celebrate its progress, ULI San Diego/Tijuana has selected Zona Centro for the 2017 Emerging Healthy Places Award.Read More
Gigabit service is the next-generation advance in web browsing and data handling. Its widespread deployment in the United States only began this decade, so its availability is still limited to less than 15 percent of the population, according to industry surveys and the latest statistics from the U.S. Department of Commerce. But access is surging, with hundreds of companies now providing fiber connections, and availability of the “gig” is emerging as a development tool for cities and a competitive advantage for real estate properties offering it.Read More
At a ULI North Texas event in Dallas, panelists said that the renewed optimism among small business owners, strong consumer confidence, and a robust U.S. job market suggest that the next recession may be further away than predicted just a year ago. The Dallas-Fort Worth area is well-positioned for further gains, as 16 competed or under construction projects near DART stations are forecast to produce $2 billion in economic development.Read More
Three of the primary participants in the creation of Amazon’s headquarters in downtown Seattle came together during the 2017 ULI Spring Meeting for a discussion of the long history.Read More
Commercialized marijuana is big business and is expanding as a new asset class at an astronomical rate, according to a ULI Spring Meeting panel of industry investors, operators, and legal experts on the state of the cannabis business and real estate opportunities being created in the sector. Twenty-eight states have legalized the sale of medical marijuana, and eight states plus the District of Columbia allow recreational marijuana to some degree.
Why do cities with the fastest-growing economies—including Seattle, San Francisco, New York City, and Austin–suffer from a growing imbalance between job growth and housing supply? A panel at the ULI Spring Meeting in Seattle examined why hot-market cities are failing to build enough housing for new workers, often by staggering ratios.
Contrary to some predictions, e-commerce has not made brick-and-mortar retail a thing of the past. Instead, as attendees at a ULI Spring Meeting session learned, shopping and dining are making critical contributions to activating urban spaces and helping shopping centers continuously evolve.
The ULI Terwilliger Center for Housing has announced the 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. The award recognizes efforts by the development community to increase the supply of housing that is affordable to households earning less than 120 percent of the area median income.
While its sustainable qualities are attracting developers and architects, so are the speed and cost-efficiency with which mass-timber buildings can be delivered to market, noted an expert panel at the recent ULI Washington Real Estate Trends conference, sometimes shaving 30 to 90 days off a construction schedule.
According to JLL’s 2017 Banking Outlook, increased use of mobile banking could decrease the need for traditional bank branches by 20 percent in the next five years, although some underserved markets are still seeing new construction.