From Foreclosure to Green TOD in Phoenix
Foreclosed homes in Phoenix are a new goldmine for one developer, who is buying up land near the city's mass transit lines and marketing properties as transit oriented development.
"Phoenix is one of the nation's fastest-growing and most sprawling metropolitan areas. Cheap and plentiful land has led to an ever-expanding ring of suburbs, and commuting downtown can take longer than an hour. Now, a small developer is buying up foreclosed houses near mass transit lines in the city, renovating them to green building standards, and marketing them to young professionals who may be tired of commuting."
He's making some renovations to the homes, including new energy efficiency features. Due to their smaller square footage, the developer is hoping to appeal to younger buyers not lookin to make a huge impact on the environment.
- Login or register to post comments
- Email this page
- Shrinkage in Phoenix? Call it 'Smart Decline' - Dec 29, 2011
- How Planning is Like Growing Tomatoes - Dec 15, 2011
- Public Parks to Cover Highways in Hamburg - Dec 09, 2011
- Transit Accessibility Key to Green - Mar 10, 2011
- Foreclosures Become Kidnapping Centers - Jun 10, 2009
Planetizen picks
Contribute
- The Benefits of Creating Hybrid Zoning Codes
- The Appeal of In-Town Big Box
- The Growing Appeal of Drinking From the Toilet
- How and Why Does an Architect Become Famous?
- Could Good Design Have Prevented the Housing Crisis?
- NY Times Defends the Port Authority
- Expanding the Hong Kong Subway, One Blast at a Time
- Can An Electric Bike Replace A Car?
- The Growing Popularity of Women-Only Mass Transit
- Putting the Bloom Back on the Rose Bowl
Volunteerism Plays Critical Role in Reaching World’s Millennium Development Goals
Maxine Goodman Levin College of Urban Affairs, Cleveland State University
Feb 10, 2012
Web Seminar: Economic Development in a Digital World: Home-Based Businesses and Virtual Workers
International Economic Development Council
Feb 08, 2012
www.flickr.com
|
Preventing foreclosure
I respectfully submit that we need to focus our dialogue on preventing foreclosures. TOD redevelopment is great but it would be better if efforts were being placed in organizing to keep people in their homes and neighborhoods.