In early August, a ULI Advisory Services Panel spent a week touring the neighborhoods and development projects of Erie, Pennslyvania, a city which has lost 30 percent of its population since 1960. The 11-person panel—chaired by ULI Trustee Richard Reynolds, president of a real estate consulting firm in Boston—focused on Erie’s downtown revitalization and working within the city’s current economic and cultural environment.Read More
Can vacant theaters, banks, schools, libraries, churches, apartment buildings, and storefronts that once were mainstays of Detroit neighborhoods be preserved while also providing an economic boost? That was the issue facing a ULI Advisory Services panel that gathered in the Motor City in late July.Read More
The Dodge Momentum Index, a leading indicator for construction spending for nonresidential buildings, moved 1.4 percent higher in July to 169.8 from the revised June reading of 167.3. The commercial component of the Momentum Index grew by 3.3 percent, while the institutional component fell 1.5 percent.Read More
With the convenience and increasingly experiential process of shopping online, how can retail stores and malls compete? Thriving brands are combining their online and brick-and-mortar experiences to keep foot traffic high and regenerating communities.Read More
What could the future of cities look like? In the future, cities will have more in common, and will have more interaction with each other than with regional governments, said speakers at ULI Germany’s Urban Leader Summit in May. This “parasovereignty” can already be seen in places such as Dubai, where some cities use different systems of law to attract investment.
Japan is in the midst of a huge attempt to boost tourism, but there are fears that it does not offer enough nighttime fun for foreign visitors who seek out theater and other activities that often occur after sunset. A panel at the Urban Land Institute’s Japan Spring Conference, held in May at the Tokyo International Forum, discussed ways to build an “attractive night-time economy.”
Experts in hotel development discuss the rising popularity of social spaces in hotels, the role of technology in the hotel experience, the ways guests are shaping in-room furniture design, the competition from Airbnb, the need for “Instagrammable” spaces in hotels, and changing approaches to hotel restaurants.
Behind the new home construction, park improvements, and a rising downtown skyline that are attracting out-of-state migration, some longtime families in Boise, Idaho, are struggling to afford housing in a market that has seen rents more than double in the past decade.
A future-focused Urban Leader Summit discussion in Frankfurt in May on embracing new technology raised just as many questions as it answered. Panelists said the waves of change triggered by this digital shift are going to be felt for generations to come, as more and more jobs are capable of being done by machines.
Foxconn Technology Group is investing $10 billion to build some 22 million square feet (2 million sq m) of manufacturing space near Milwaukee, but other cities are also reaping the rewards of the Midwest’s growing tech sector.