Development and Construction
One of New York City’s busiest corridors is set for one of its biggest transformations in years. The area around Manhattan’s Penn Station has long been considered a sore spot for the city, as top-tier retail stores moved to more flourishing areas and local buildings became outdated. But now, with a billion-dollar plan by a New York state agency underway to revitalize public transit infrastructure in and around Penn Station, there is serious momentum for the Midtown neighborhood, which has stalled in growth as surrounding neighborhoods have evolved.
How we use words is important. Words can describe both racial inequities and the efforts to remedy them. As the real estate industry continues the work to dismantle systemic racism, it’s critical to be intentional about language.
Since the publication of Building Small: A Toolkit for Real Estate Entrepreneurs, Civic Leaders, and Great Communities in 2021, author and developer Jim Heid has continued to grow the building Small movement. Last year, he launched a free-yet-private online platform that serves as an interactive network where like minds solve the big problems of building Small.
Since the retirement of Urban Land Institute’s Global CEO Ron Pressman in October 2023, the search for a visionary global leader has taken center stage. As the Institute charts its course in shaping the built environment for transformative impact within communities worldwide, finding the right leader is paramount.
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At the ULI Carolinas meeting held in February, the annual closing session Crane Watch highlighted six projects nearing completion that are poised to have a significant impact on each market. From a school of medicine innovation district to transit-oriented development to affordable housing and services for those with disabilities, these projects were recognized for their dynamic placemaking and innovative design.
New Yorkers have gotten used to watching the sun set behind the piers and towers of Jersey City, the major metropolis of New Jersey’s so-called Gold Coast. But for many years, Jersey City’s glittering line of luxury apartments and office blocks stopped at the water’s edge. Tucked behind modern high-rises, the rest of the city was a patchwork of charming historic districts, aging apartment buildings, public housing, and contaminated, abandoned industrial sites.
As the recent cultural and real estate realignment called “The Great Mall Sorting” continues, A-plus malls are thriving, while the B and C properties are gradually being repurposed, reused, and completely rethought, according to architect Sean Slater, senior principal at the architectural firm RDC in San Diego.
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The mental and physical benefits of being close to bodies of water—or “blue space”—have made headlines amid growing consumer interest in health and wellness. Scientific studies have shown the positive impacts of living and spending time near oceans, lakes, ponds, and rivers—benefits including reduced stress and anxiety, improved sleep, and generally a healthier and more active lifestyle.
Arizona is at the epicenter of an evolving dynamic that can best be described with a phrase uttered by a panelist at ULI Arizona’s Trends Day 2024—disruption equals opportunity.
Program to combine in-depth real estate value chain expertise with key leadership skills.
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