Mixed-Use
When Underhill Associates was converting an apartment complex into condominiums in the early 2000s, the firm’s partners saw the Camelot Shopping Center across the street continue its decline. Read how, with a focus on locally owned businesses, the Louisville, Kentucky, developer was able to turn the aging retail center into Westport Village, a pedestrian-friendly lifestyle center.
During the economic downturn, a number of mixed-use developments have failed—because they were built in places where there was not enough housing density, had rents that were too high, or featured bad design or the wrong complement of uses. Trey Morsbach, senior managing director of Holliday Fenoglio Fowler, however, sees opportunity. Read what he says can be done to turn these projects around.
South Los Angeles, known for urban blight, high unemployment, and poverty, has a new bird’s-eye view of affordable housing. Adams and Central, a mixed-use project, has been built by developer Meta Housing Corporation at the intersection of East Adams Boulevard and Central Avenue, a major traffic hub in a former ghost town of run-down buildings, incompatible land uses, and underused lots.
Two years ago, a new mixed-use project at 14th and W streets, N.W., in Washington, D.C., was on the verge of development—until the credit markets collapsed. Today, 14W, which comprises 178 apartments, 170 below-grade parking spaces, and a 44,000-square-foot YMCA facility, is rising once again. Find out how a new joint venture and a multiyear delay actually helped 14W spring back to life.
As chronic weakness continues in U.S. greenfield development markets, inner-city regeneration remains a relative bright spot—and indications are that it is getting brighter. Adaptive use projects are getting particular attention, thanks in part to increasing government incentives. Read what industry changes are thought capable of altering the development environment permanently.
Employing an approach that includes new development and adaptive use, and that leverages its solid economic base and strong job growth, Nashville, Tennessee, is seeing successful redevelopment of both its urban core and waterfront. Read how projects ranging from for-rent workforce housing to mixed-use development to a convention center are poised to drive continued economic development in Music City.
Six members of ULI’s three Small-Scale Development Councils speak about the advantages such developers have and the challenges they face in the current economy. Learn which retail tenant is the hardest to get approved, and why municipalities are taking a more favorable approach toward it.
It is unlikely that the boomers will be looking for traditional retirement housing for at least ten to 15 years. When they do, expect them to want a very different style and organization of seniors’ housing. Read more about what the new seniors will want in housing and how they will live differently that seniors of the past.
The year 2011 marks 75 years of leadership in land use. But, while this is a milestone anniversary, it is a time to look forward to the next 75 years. Our decisions on what and where to develop will be guided not by a plentiful supply of land throughout urban regions, but by how best to use the land that is left. Dramatic changes are necessitating a major overhaul in what and where we build. Read about the forces of change that Patrick Phillips, CEO of ULI, sees now in place.
Austin is one of the fastest-growing cities in the nation, and has relatively low unemployment and a housing market that was spared the recession’s worst impacts. The city’s economy is doing fairly well in spite of the downturn, says Todd C. LaRue, principal in the Austin office of RCLCO Real Estate Advisors and member of the executive advisory board for ULI Austin. Read what else he and other ULI members have to say about the Austin market.