Urban Land Magazine is the flagship publication of the Urban Land Institute, a member-based organization with global headquarters in Washington, D.C. Popular features include ULX, Developments, Trends, Awards, and other topics on the built environment, urbanism and commercial real estate.
An aerial view of Hanoi. The plan for the Red River is intended to connect the old city on the Right Bank tothe new cityon the Left Bank; expand the City’s visibility as a high-value location; and bring together the radiating development corridors into the heart of the City. (Arcadis/CallisonRTKL)
The CallisonRTKL planning and urban design team with Arcadis socioeconomic, water, environmental, and infrastructure teams developed a strategic urban waterfront assessment of the Red River in Hanoi, the capital of Vietnam. The team was asked by the City of Hanoi to assess two existing options for flood protection and urban redevelopment of the Red River, along with the creation of another new, more sustainable option, and to evaluate these options in terms of overall contribution to the city.
Due to the Red River water level drop controlled by the newly built reservoirs upstream, about 11,005 hectares (27,000 ac) of land can be reclaimed on both banks of the river in Hanoi and transformed into an urban development land bank. By maximizing land use value, the riverfront regeneration would attract investment and a diverse population, provide high-value jobs, and contribute to tax revenues and gross domestic product (GDP) of the city and the
The ULI Greenprint Center for Building Performance, a worldwide alliance of leading real estate owners, investors, and financial institutions committed to reducing carbon emissions across the global property industry, has announced the addition of three new members: nationally recognized real estate companies SL Green, Lendlease Americas, and Zurich Alternative Asset Management.
Greenprint members are leading the industry on reducing carbon emissions and increasing building value across their portfolios. With demand rising from investors and tenants alike for sustainability in the built environment, Greenprint members are raising the bar for high-performance sustainable buildings.
“SL Green is excited to join ULI Greenprint’s network of owners, investors, and strategic partners leading the way in sustainability,” said Laura Vulaj, senior vice president and director of sustainability for SL Green. “We are committed to improving the performance of the global real estate industry through benchmarking, knowledge sharing, and the implementation of best practices.”
“Lendlease has a long and proud history of giving emphasis to environmental, social, and economic outcomes to deliver places that respond to the global forces shaping our future, including climate change,” said Eleni Reed, head of sustainability, Lendlease Americas. “By participating in ULI’s Greenprint Center for Building Performance, Lendlease looks forward to collaborating with other
Using a light-gauge steel structural system, a Florida-based developer is building a 336-unit, 17-story apartment tower in downtown Atlanta. (Niles Bolton Associates)
Using the Prescient design/build light-gauge steel structural system, a Florida-based developer is building a 336-unit apartment tower in downtown Atlanta that will rise to a height of 12 steel-framed stories above a five-level concrete parking structure. The system allowed an extra four floors of height over competing structural systems, says Nathan Kaplan, partner at Atlanta-based Kaplan Residential.
The project, Generation Atlanta, achieved a density of 217 units per acre (536 units per ha) using a technology that will reduce total development costs enough to make the downtown project feasible, enabling developers to comply with Atlanta’s initiative to provide more affordable housing and competitive market-rate high-rise units. Fifteen percent of the project’s units are intended to be affordable to residents with incomes at 80 percent of area median income (AMI). Completion is expected in 2020.
The Atlanta site is 1.6 acres (0.6 ha) with a considerable slope across its nearly 400-foot (122 m) length. That meant five levels of parking, containing 380 spaces for vehicles and 51 for bicycles, could most efficiently be placed in a concrete parking structure under the light-gauge
Ten years ago, ULI Colorado launched its Real Estate Diversity Initiative (REDI). The grass-roots program has become a model within the Institute for fostering education and career opportunities for people of color and women that is now poised for national growth.
ULI is leveraging a grant from the Robert Wood Johnson Foundation to expand the REDI program throughout its network of district councils in the United States. Earlier this month, ULI announced four grant winners that include St. Louis, Kansas City, Memphis, and Indiana. Each will receive a $20,000 grant spread over two years that will help them launch their own REDI programs. ULI is also using grant funds to provide additional resources to all of its district councils, including a REDI guide and quarterly informational conference calls.
“This national grant that is now available is a huge opportunity for other district councils to have the funding that they need to begin to launch this program,” says Marianne Eppig, manager of ULI Colorado—and one of the more than 300 graduates of Colorado REDI. The council also has worked with ULI Minnesota, which introduced REDI to its members in 2017. Both the Colorado and Minnesota councils have worked closely with ULI to create
With a youthful and highly educated workforce, an expanding technology sector, and strong population growth, the U.S. West remains one of the country’s economic powerhouses.
“The West has been one of the regions in the country that has outperformed the others in this economic cycle thanks to a combination of higher education levels, diversified industry composition, and strong in-migration,” says Michael Cohen, vice president, advisory services, with Washington, D.C.–based CoStar Group, a commercial real estate information provider. “The region continues to be at the top of markets that perform well cycle after cycle and realizes real estate investor dollars.”
The younger demographics in the West, including California, Washington, Oregon, Arizona, New Mexico, Texas, Colorado, Idaho, Montana, and Wyoming, point to more economic benefits in the future. “In places like the Northeast and Midwest, there is a very large group—the baby boomers—nearing retirement, and that’s going to have a big economic impact,” says Cohen. “You’re going to see a much more pronounced slowdown in working-age population. It’s not so much the case in West, where there is a large pool of young, well-educated talent.”
While the West is thriving, clouds are forming in some areas, including California, where the high cost of doing business
ULI Advisory Services panelists look down on San Antonio from the Tower of the Americas.
In late April, ULI convened a group of land use member experts in San Antonio for an Advisory Services panel supported by the 10-Minute Walk Campaign. The panelists, working with panel sponsor Hemisfair Park Area Redevelopment Corporation (HPARC) and supported by a charitable gift from Silver Ventures, provided recommendations on the final phase of master planning for the Eastern Zone of the Hemisfair site, a 19-acre (7.7 ha) downtown civic park.
Panelists tour a botanical gardens in San Antonio.
Before making recommendations, panelists toured the site and the surrounding San Antonio area and interviewed more than 80 local stakeholders. The panel presented its recommendations at the Instituto Cultural de México, located in the center of the Hemisfair site and adjacent to the study site. Although specific to the site, the panelists’ recommendations serve as best-practice strategies for inclusively developing and financially sustaining public green space.
“We’re going to build a case for you that leads to both the plan and the vision and method of execution, and ties it to San Antonio’s objectives regarding a great place,” said panel chair Alex Rose, a ULI trustee and senior vice president of development
Nineteen extraordinary developments from around the world have been selected as finalists for the ULI 2019 Global Awards for Excellence competition, which is widely recognized as one of the real estate industry’s most prestigious award programs. This year’s finalists include 14 in North America, four in Asia, and one in Europe.
Winners will be recognized during the 2019 ULI Fall Meeting, which will be held September 18–21 in Washington, D.C., and will be profiled in the fall issue of Urban Land. The finalists (with the names of the developers and designers listed in parentheses) are as follows:
150 North Riverside, Chicago, Illinois (developer: Riverside Investment and Development; designer: Goettsch Partners).
1800 Arch Street, Philadelphia, Pennsylvania (developers: Liberty Property Trust/Liberty Property 18th & Arch LP, Comcast Corporation; designers: Foster and Partners, Kendall/Heaton Associates).
Cornell Tech Campus Framework Plan and Phase I Site Development, New York, New York (developers: Forest City Ratner Corporation, the Hudson Companies and the Related Companies, U3 Advisors, Cornell University, New York City Economic Development Corporation; designers/consultants: Skidmore, Owings & Merrill, Roger Diffy, Colin Koop, Laura Ettleman, Mark Regulinski, Meredith Bostwick-Lorenzo Eiroa, Carrie Moore, Kimberly Garcia, Oriana Cole, Meredith Klein, John Sunwoo, James Corner Field Operations).
Crosstown Concourse, Memphis, Tennessee (developer: Crosstown; designers
High ceilings, wide column spacing, and flexible layouts offer tenants maximum flexibility to pursue warehouse, manufacturing, or office uses. (City of Missouri City)
Park 8Ninety is a 127-acre (51 ha) suburban business park in Missouri City, Texas, southwest of Houston. Ultimately, 1.8 million square feet (167,000 sq m) of warehouse and flex space is planned, beginning with a speculatively built first phase of 439,704 square feet (40,849 sq m) in three buildings.
The infill site has excellent highway access but had been overlooked because it was entangled by multiple utility easements that made drainage difficult. Missouri City worked with developer Trammell Crow to implement an off-site stormwater detention strategy that raised the site’s elevation and created a new recreational lake at an adjacent city park.
Click to zoom. The subdivision plan shows the utility easements that crisscross the site. (POWERS BROWN ARCHITECTURE)
Site, Idea, and Planning
Stormwater from the site drains into the lakes at Missouri City’s Buffalo Run Park, which feature trails, a boat ramp, an observation tower for bird watching, and picnic areas. (ULI/Payton Chung)
Park 8Ninety fills the southern quadrant of the interchange between Beltway 8 and U.S. 90 Alternate, 13 miles (21 km) from downtown Houston and 10 miles (16 km) from the
As shown by high-profile developments in metro areas like Austin and Dallas/Fort Worth, Texas is redefining the notion of the central business district (CBD), said the president and chief executive officer of the Texas Economic Development Corp. speaking at the ULI Texas Forum in Austin.
Robert Allen, who has led the statewide economic development nonprofit for two years, said in an interview that companies increasingly are hunting outside urban environments in Texas for relocation and expansion opportunities. One reason is that suburban locales offer more room—and cheaper land—for expansion than do urban cores, he said.
Companies will maintain urban footprints, he said, but a number of major employers in the Austin area are expanding away from the CBD. For instance, tech giant Apple already employs more than 6,000 people at a campus in a suburban submarket in Austin and plans to spend $1 billion to build another campus nearby that could accommodate up to 15,000 employees.
#ULINT is at the #ulitexasforum and the #InnovativeOfficeSpace #MobileTour– continuing at @Oracle’s gorgeous campus in #RiversideAustin@uliaustin @ULISanAntonio @ULIHouston @UrbanLandInst @design_stg pic.twitter.com/jIW4wJhNIr
— ULI North Texas (@ULINTX) May 9, 2019
Nonetheless, employers such as Google are betting big on downtown Austin. The search engine behemoth has leased an entire
Flush from Amazon’s selection of Arlington County, Virginia, for a new headquarters facility, three “titans” of the real estate scene in the Washington, D.C., metropolitan region took a moment to celebrate at the ULI Washington Trends Conference.
The rapid pace of change in the market was reflected by conference topics ranging from micromobility—i.e., scooters—to artificial intelligence, “proptech,” and even the real estate implications of the rapidly evolving legal cannabis industry.
To put all of this into perspective were John “Chip” Akridge III, founder and chairman of Akridge; Thomas “Tom” Bozzuto, chairman and cofounder of the Bozzuto Group; and Bryant Foulger, chairman of Foulger-Pratt. They spoke during a panel discussion moderated by Barbara Schaefer McDuffie, managing director at Baker Tilly.
None of the three panelists is native to the region, but all realized its promise early in their careers. Bozzuto, who grew up in Waterbury, Connecticut, returned from service in Vietnam in 1971 and was determined to “save cities” as an employee of the U.S. Department of Housing and Urban Development (HUD) in Baltimore. By the mid-1970s, he had transitioned to private-sector development; in 1988, he and three partners cofounded the Bozzuto Group, which has overseen the development and construction of more than 50,000