Mixed Use and Multi-Use
JLL’s latest report analyzes markets with a high concentration of in-demand, affordable tech talent and available real estate, much of which is located near research universities that can be tapped for new employees.
Built in 1949, the Cameron Village shopping center of Raleigh, North Carolina, was one of the first in the Southeast. Decades later, Cameron Village is still thriving, with several new mixed-use developments adding increased density and energy.
Eric Blumenfeld, a prominent homegrown Philadelphia developer, more than a decade ago began rehabbing buildings in the city’s North Broad Street corridor and inviting big-name restaurateurs to use the space. Now, with the reopening of the long-vacant Divine Lorraine as apartment/restaurant space, a beloved architectural icon, Blumenfeld, owner of EB Realty Management, believes his vision is finally coming together.
The latest survey of U.S. real estate economists showed a marked increase in expected economic measures, most likely due to federal proposals to reform the tax code, reduce regulatory burdens, and invest in infrastructure. Compared with the same survey from six months ago, real estate economists have higher expectations about gross domestic product (GDP) growth, employment growth, and housing starts.
A Denver developer activates an alley to tie together a hotel, offices, food, and “maker” retail on the site of a former dairy.
Compact, well-connected urban development can create vibrant cities that are more competitive, inclusive, and resilient and that have lower carbon footprints.
Aging shopping malls—many burdened with high vacancy rates or even abandoned—are being transformed into vibrant, mixed-use destinations that are connected to their surrounding communities. At the 2016 ULI Fall Meeting, “the mall of the future” was explored by a panel of design, development, and placemaking experts.
One of two dozen research groups housed at MIT’s Media Lab, the Changing Places group is focused on developing new, more efficient, and creative mobility systems and ways of living and working in cities at a time when urban populations are growing, while the resources to sustain them are shrinking. Kent Larson leads the group and shared several of Changing Places’ projects during the closing keynote speech at the recent ULI Florida Summit in Miami.
A new ULI report describes a variety of public financing tools for cities seeking to reinvent themselves and attract greater private investment. The report, however, is not about any one specific financing tool or taxing mechanism, but about the leadership, strategic vision, and political will necessary to create a plan for reinvention and execute it. Expert panelists discussed how these challenges played out in Pittsburgh; Greenville, South Carolina; and Cincinnati at the recent ULI Housing Opportunity Conference in Boston.
When the city leaders of Austin, Texas, decided in the late 1990s to move the local airport to a larger tract of land, they faced a vital question: How could the city best use the soon-to-be-abandoned 700 acres (283 ha) of prime land that lay just a few miles northeast of downtown?