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The Business Of Building New Urban Town Centers

Posted by: Christian Madera

6 July 2006 - 5:00am

One ambitious developer is taking on numerous town center projects as it struggles to complete one of its most high-profile developments.

"Kevin Wallace and his landlord have one thing in common: Both are struggling in downtown Baldwin Park. Wallace, a first-time business owner, operates a home-accessories shop in the heart of Baldwin Park Village Center. His store, Urban Arts, has been open for a year but is fighting for survival."

"Unicorp National Developments Inc., owner of the upscale village center, is scrambling to complete a project that's millions of dollars over budget and at least two years behind schedule."

Though the company continues to experience numerous setbacks on the Baldwin Park project, it has started to move forward with developments with several other cities for town center projects similar to Baldwin Park. Meanwhile, some shopkeepers and city officials wait for the developer to deliver on its promises.

Full Story: Baldwin Park's growing pains
Source: The Orlando Sentinel, June 15, 2006
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No matter how one wanted to organize the ideal city, housing security would be part of it. No community can function effectively if large numbers of its residents are regularly displaced or perpetually at risk of being displaced.
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