Property Types
Hotels and Resorts
Hotels and office buildings are taking on many of each other’s characteristics in terms of design and use. This confluence has several drivers, among them the evolution of technology, shifts in guest and tenant expectations, and the increasing mobility of the American workforce.
New, tech-based companies create temporary apartment hotels, monetize absorption vacancies, and stimulate urban mixed-use projects.
Wise choices in fixtures, finishes, and functions may draw guests’ attention.
Industrial
Global growth in e-commerce spurred by the coronavirus pandemic is boosting investor interest in a “new economy” asset class dominated by data centers and logistics facilities, speakers said in early September at a session during the ULI Asia Pacific REImagine conference.
A recent ULI Europe webinar looked at the “new normal” for urban logistics including the possibilities of drone delivery and how a downturn and changes in regulation could free up more locations in central business districts.
The Punggol Digital District, set to launch in 2023, will form a fresh nexus between higher education and industrial innovation, with its two anchor institutions being the Singapore Institute of Technology and a new business park developed by JTC Corporation, an industrial property developer and manager.
Mixed-Use
Curating and creating great spaces is at the heart of what industry players in the built environment sector do every day. Placemaking is the “art and science” of turning the ordinary into the extraordinary.
Can transit-integrated development like RUS Bus in Raleigh, North Carolina, help our cities thrive for the long haul?
Internationally acclaimed Chicago architect and Studio Gang founder, known for bringing a sustainable approach to tall buildings, to receive the prestigious ULI Prize for Visionaries in Urban Development.
Multifamily
City is actively working to make its neighborhoods safer and more resilient to extreme rain events
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.
Many populations and regions face well-documented housing affordability challenges. For college students, specifically, the lack of options located on or near campus creates an additional hurdle in achieving their higher education goals. The inability to affordably live close to school has a huge impact on their time, performance, expense, and quality of life—not to mention increased output of greenhouse gases. Perkins & Will is partnering with the University of California San Diego (UCSD), which receives the second-largest of number applications of any university, nationwide, to help those students by designing the largest on-campus housing project in the country.
Office
Experts say the real estate market in our cities is responding to the dramatic changes caused by COVID with a “flight to quality.” This headline suggests optimism that a safe harbor still exists out there as does the fear that we all need to act fast and run (for our lives) before things get bad. It reflects a winnowing to the essential characteristics that can ensure the best overall return and insulate us from the changing winds in the economy.
The Manhattan office market is beginning to make a comeback, but much has changed since the start of the COVID-19 pandemic. The persistence of hybrid and remote work have changed the equation for commercial rentals, both in terms of landlord-tenant relationships and the quality of office product on offer.
Members Only
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.
Residental
The Green and Resilient Retrofit Program, a new program, has made funds available from the Inflation Reduction Act to support decarbonization and resilience upgrades.
Experts discuss the growing crisis of housing attainability for lower- and middle-income households across the United States, including ways the private and public sectors could help increase housing production, preserve existing affordable housing, and give more people access to housing; strategies for encouraging communities to accept more housing construction; and other related trends.
As leaders in land use, real estate, and commercial development, ULI members can counter homelessness and advance solutions that are cost-effective and rapidly deployable. Indeed, last summer, through the support of members led by Preston and Caroline Butcher, ULI launched its Homeless to Housed (H2H) program.
Retail
According to Placer Labs, these 10 growing retail chains had the foot traffic in 2021 to set them up for future growth in brick-and-mortar retail.
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During the recent ULI Asia Experience the Experience retail summit, real estate developer, owner, and operator Sid Yog, founder of the Xander Group and chairman of Virtuous Retail (VR) South Asia, discussed the broader Indian retail sector, as well as several of the company’s recent urban Indian retail developments. Joining him in the conversation was Susheela Rivers, office managing partner, co-chair for the global real estate sector, and head of real estate Asia Pacific for DLA Piper.
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