Market Demand For Smart Growth Projects Increasing
As sprawl increases, the demand for urban-redevelopment projects is increasing. Denver's Highlands' Garden Village is the perfect example.
"Highlands' Garden Village combines more elements of smart-growth planning than any other development, says Shelly Poticha, executive director of the Congress for the New Urbanism, a San Francisco-based nonprofit organization that works with builders to apply smart-growth principles. The project, being built by developers Jonathan Rose, 50 years old, of New York, and Chuck Perry, 54, of Denver, is set on a site a few miles from downtown Denver... More cities are helping spur such projects in an effort to keep high-income earners in town, increase property-tax revenues, and use existing infrastructure like sewers and roads instead of building new, expensive public works." [Editor's note: The full text of this article is only available online to WSJ subscribers.]
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