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Since 2011, ULI Greenprint has introduced its real estate members to emerging ESG technology and service providers by allowing ULI Greenprint members to nominate providers they have worked with to become “Innovation Partners.” Through this program, providers share their expertise with Greenprint members through webinars, newsletters, and in-person events.
Natural assets, combined with inventive design, help transform a global gateway.
Retailers face a multitude of challenges including online commerce with its 24/7 access. Panelists at the 2012 ULI Spring Meeting looked at significant steps major retailers have already taken to reshape the shopping experience for their customers, while integrating their physical stores with online sales.
Because of the economies of scale that chain stores rely on, most of their retail environments look identical to each other—but one well-known national food retailer has bucked this trend.
People are resuming travel. In some spots hotels are trading at prices that are above where they were in 2007. New York City just experienced record hotel occupancy rates this past May. As long as the market did not get overbuilt, hotels are coming back, says Greg Cory, principal of San Francisco–based Land Use Economics LLC and chairman of ULI’s Recreation Development Council. However, areas that got overbuilt are predicted to take longer to recover.
At ULI Europe’s session on the impact of the digital revolution on real estate, attendees learned about the future of bricks-and-mortar retailing in light of “M-commerce, S-commerce, and QR codes.”
Vietnam has arrived on the international property development market in a big way—and brought with it a strikingly international style. But uncertainties linger about the future.
The young have been leading the shift away from bricks-and-mortar stores, and this shift in purchasing habits is accelerating as the creators of virtual stores make it more fun and convenient to purchase items via computer, day or night.
With residential real estate in the doldrums for the past few years, homebuilding companies are looking for different areas for growth. As such, firms like Toll Brothers and Lennar Corporation are pursuing opportunities that have synergies with, but may fall outside of, their core homebuilding operations—for example, golf and country clubs. Learn what homebuilders should know before branching out.
On September 8, the National Building Museum in Washington, D.C., hosted a panel discussion on how big-box development is affecting that city’s planning, land use, transportation, and economy as part of its DC Builds lecture series. Read how the opening of four new Wal-Mart stores—estimated to bring in a combined $200 million a year in sales—is poised to affect D.C.’s retail leakage problem.
Experts see the near-term prospects for retail development and financing as healthier than expected. Larger national tenants are looking to expand into more markets and infill locations, while urban community-oriented retailers are studying smaller formats that are able to adapt rapidly. Read about these responses to shifting needs, as well as others in the areas of green incentives and urban development.
Five commercial/retail development experts discuss the sector, examining the near-term prospects for development and financing, strategies for making retail centers thrive, and the impact of online retailers and social media. Read where current growth is in the sector, and how big-box facilities are being reconfigured to meet the shift in demand.
As the economy recovers, an enduring shift is taking place in the retail landscape. Hard-hit by the severe economic downturn, the huge baby boomer generation is not likely to lead a spending revival the way it did after previous recessions. Instead, the more important demographic will be generation Y. Learn the surprising impact this could have for a much maligned format—the enclosed mall.
An international panel of real estate and land use experts convened by ULI advised the city of Chester, England, on how best to revive its aging retail district and leverage those efforts to create further revitalization programs. The city is trying to be “too many things to too many people,” panel members said. Read what areas the panel suggested Chester should focus on.
In his book Retail Rescue, architect Ronald Altoon touches on broad topics, listing 11 ideas to create memorable destinations that transcend identification solely as retail centers, such as contextual evaluation, urban framework/infrastructure environment, and “they don’t know what they don’t know.” Read Howard Kozloff’s review.
With some U.K. retail and retail-led mixed-use schemes having restarted or started recently and a swathe of major food retailers highlighting their ambitious new store opening strategies, the industry mood is much more upbeat than 12 months ago. Read which U.S. development tool is expected to make several projects more viable than they would be otherwise.
Commercial real estate services firm Grubb & Ellis forecasts U.S. retail sales and leasing to “ramp up gradually” this year. The forecast also includes a metro retail market strength analysis for 2011-2015. In terms of leasing, retailers are repositioning stores to more high-profile locations to take advantage of favorable rental rates, and vacancy rates are expected to begin coming down from a 10+% peak. Read which metros of the United States are predicted to lead the way in growth.
As happens during a recession, consumer spending in the United States declined 3% in 2009, according to the latest Consumer Expenditure Survey released recently by the U.S. Bureau of Labor Statistics. Read more about which metros had the most drops in spending dining out and in entertainment – two areas of interest to ULI members involved in retail and mixed-use developments.
How are resort operators and developers rethinking the world of leisure? Who will be buying second homes in the coming years? What impacts will changing consumer behaviors, demographic, new technologies, and a recovering economy have on future resort projects? When moderator Toni Alexander, president and creative director of Newport Beach, California–based InterCommunications, Inc., asked five industry experts to respond to these questions at a session, the result was a lively and insightful discussion.
Trends are neither destiny nor gospel. They are guideposts identified from the collective experience of many professionals within an industry. In the resort, recreation, and tourism industry, numerous trends identified through experience and expectations are emerging to influence how and where people will buy and use resort real estate. Society is changing fast, and the economic conditions of the past two years have created much uncertainly. But what is discernible is that current trends are focused on valuedriven buyers, downsized purchases for personal use, and scalability.
Community benefit districts (CBDs) were first developed in Maryland during the 1980s, but business improvement districts (BIDs) date back to the early 1970s in the Canadian city of Toronto.
