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Nationwide, the urgent need for more affordable housing has become crystal clear. The United States is grappling with a housing crisis, and building affordable housing has become increasingly difficult. Developers face high construction costs, ongoing supply chain issues, and skyrocketing prices for land, especially in some of the country’s largest cities. Even when a project comes together and gets financing, the process to obtain permitting, gain city approvals, and actually construct a project can take years.
City is actively working to make its neighborhoods safer and more resilient to extreme rain events
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a sore spot for the city, as top-tier retail stores moved to more flourishing areas and local buildings became outdated.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.
Tattooed, tanned, and tousled, 48-year-old Stefan Quinn Soloviev looks like an athletic nerd who stepped out of a Mad Max film, but don’t let his appearance fool you. Soloviev is one of the largest landowners in the United States—number 21, according to Landreport.com—with a portfolio that includes some of Manhattan’s most coveted properties.
Construction codes are pushing new buildings toward net zero, but roughly 80 percent of the expected 2050 building stock already exists today and needs to undertake major upgrades to meet emissions limits in line with the Paris Agreement. To address this issue, cities and states across the U.S. have started to limit emissions from existing buildings with regulations known as Building Performance Standards (BPS).
How we use words is important. Words can describe both racial inequities and the efforts to remedy them. As the real estate industry continues the work to dismantle systemic racism, it’s critical to be intentional about language.
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Since the publication of Building Small: A Toolkit for Real Estate Entrepreneurs, Civic Leaders, and Great Communities in 2021, author and developer Jim Heid has continued to grow the building Small movement. Last year, he launched a free-yet-private online platform that serves as an interactive network where like minds solve the big problems of building Small.
Holcim Foundation is equipping the next generation of building practitioners to become impactful voices of change.
Once overlooked as little more than open-air spaces for trailer parking, industrial outdoor storage (IOS) sites are emerging as a promising niche for their increasingly significant role in the e-commerce and logistics sectors and their potential to earn strong returns for investors.
Demand for industrial space has pushed vacancies to historically low levels. But the high tide may no longer be lifting all boats. A surge in new supply along with a growing appetite for more modern facilities is putting more pressure on the sector’s aging building stock. Legacy buildings are having a tougher time keeping up with the changing demands of today’s space users.
