The lack of affordable housing for the growing senior population in the United States is a looming crisis and deserves more attention and resources from both the private sector and government, according to a leading advocate for aging issues. But affordable senior housing can become a platform for integrating services for low-income seniors and be an economic driver in communities by more efficiently delivering health care and other long-term support.Read More
Lowell, Massachusetts received a major boost in ongoing efforts to transform into a center of innovation when Kronos—a homegrown Massachusetts workforce management software and services company—decided to relocate its global headquarters, taking a half-million square feet (46,500 sq m) close to the city’s revitalized downtown.Read More
State governments, in partnership with cities and other local jurisdictions, can and should do more to promote housing development and choice through smarter local land use policies and incentives, according to a new ULI report.Read More
Supported by a new half-cent tax that could fund an estimated $120 billion worth of public transit improvements over the next 40 years, the region is ramping up the creation of TODs not only in downtown but also along transit lines further out.Read More
At the ULI UK Annual Conference, land use experts discussed changing consumer expectations, with experiences serving as a key status symbol, augmented by the digitization of those experiences. With billions of people across the world now able to purchase the status symbols of old—cars and handbags, for example—experiences and other less tangible elements are the new status symbols and need to be sharable on social networks.
Texas markets are meeting a healthy demand for multifamily housing from millennials who are reaching renting age and baby boomers who are downsizing, while attracting investment from around the United States. At a recent conference, speakers said that fundamentals were generally strong with higher cap rates possible in tertiary markets such as Midland-Odessa, Waco, and Lubbock.
It was not just Hurricane Katrina that convinced BP to build Helios Plaza, its new mission critical–type facility in Houston, with a strong resilience program. It was also the mundane reality that flood-prone Buffalo Bayou is only blocks away from its campus and that the electricity grid in Texas is painfully challenged.
Across the United States, a number of cities are attempting to restore and rediscover their urban rivers. One of the most ambitious efforts is occurring in Houston, where Buffalo Bayou Park is undergoing a $58 million redevelopment to be completed this year.
Advances in technology and connectivity along with the identification of best practices by a collaboration of IT firms, homebuilders, and home product companies are delivering smart home platforms that are more user friendly than ever.
In addition to Amazon’s purchase of Whole Foods, an enormous amount of movement has occurred in the grocery sector in the past year, as regional chains expand into new markets and European brands enter the United States.