Downtown Revitalization
Home to 7.5 million people and constrained by surrounding mountains and sea, Hong Kong has evolved into one of the world’s most vertically and densely developed cities. These pressures have driven innovative approaches to transit-oriented development, public housing, and open space. The city served as an ideal setting for Cohort 8’s closing forum by offering both inspiration and critical lessons for cities grappling with similar challenges.
Kansas City’s Berkley Riverfront, on the banks of the Missouri River, is rapidly becoming one of the most promising urban developments in North America. With a history rooted in trade and commerce, and an unmatched reputation for world-class sports, the Heartland of America riverfront is on the brink of becoming a diverse, modern-day community hub of activity, blending residential, commercial, and recreational space.
Several architecture and infrastructure projects add up to a new public realm exalting the pedestrian experience
Baltimore’s Inner Harbor has long been a symbol of urban revitalization and economic resurgence. In fact, when ULI bestowed its Heritage Award to the site in 2009, it declared the Inner Harbor was “the model for post-industrial waterfront redevelopment around the world.”
In 2022, Philadelphia-based development firm Post Brothers bought two office buildings on Connecticut Avenue in Washington, D.C., with plans to convert them into approximately 530 residential units. Despite the site’s proximity to Dupont Circle and a coveted residential area, assembling a viable capital stack proved more challenging than anticipated. Ultimately, a $465 million Commercial Property Assessed Clean Energy loan from Nuveen Green Capital in December of 2025—billed as the largest ever originated under the program—made the conversion possible.
“It really is about addressing community through the equity and justice lens, and the inclusion lens, to positively impact communities that have been historically disinvested in and undervalued,” said Gabrielle Bullock, principal and chief diversity officer at Perkins&Will L.A. Studio. She made the remarks at the ULI Spring Meeting in Denver during the panel, “Transformative Urban Corridors: Equitable Revitalization of Communities in Three Cities.”
Aberdeen, South Dakota’s rich history as a bustling hub with a vibrant downtown provides a strong foundation for revitalization. Historic photos of Main Street from the early 1900s could easily be mistaken for scenes from Brooklyn, New York, of the same era. Understanding why the town moved away from this dynamic core, and lost its historical vibrancy, is essential.
Chicago has become one of the many major cities nationwide whose downtown office market has been negatively affected by the pandemic and the associated increase in remote work. To boost development in its downtown core, the city of Chicago recently announced that it will offer $150 million in subsidies to real estate developers. The move will help develop more than 1,000 apartments in four separate adaptive-use developments.
Retaining a spiritual identity while serving up a mix of uses to the greater neighborhood
Covid-19 may have caused a precipitous decline in convention crowds in 2020, but it did not halt long-range plans to overhaul and expand convention centers in a number of key U.S. cities. Today that foresight is bearing fruit with grand new facilities able to host larger industry and trade gatherings than ever before.