Condo developers in Milwaukee are responding to the slowdown in the housing market by slowing down development.
"Across the metro area, developers spent the last half of 2007 adjusting sales projections and marketing plans to reflect the realities of the housing market: lots of houses on the market, buyers slow to commit and chaotic credit conditions. The coming year will bring, some believe, a gradual absorption of the units on the market, thanks to slow but steady sales and fewer new projects."
"Benson calculates that the downtown Milwaukee market saw only 206 condo sales from July through November - lower than expected in this market. Lake Bluff's sales totaled 33 in 2007."
"But Benson, like other condo developers of all sizes around Milwaukee, decided not to slash prices but to enrich the offering."
Read the full story: Developers keep plugging away
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
Houston Metro makes on-demand rideshare pilot a permanent part of its network
The transit agency is launching upgrades to three of its on-demand services.
LAX SkyLink opening delayed again, contractor won’t commit to new deadline
The project was supposed to open its doors to the public in 2023.
Caltrain may slash over one-third of its stations
If Bay Area voters reject two transit tax measures, Caltrain, BART and AC Transit will see steep service cuts.
FREE Course: Walkable City 1: Why Walkability?
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
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