As mobile technology is fast becoming more mainstream, Urban Land Institute's CEO Patrick Phillips envisages more mixed-use developments in the next decade.
In a summary of Mr. Phillips' 30-minute speech at the National Association of Real Estate Editors annual conference, The Wall Street Journal blogger Kris Hudson writes:
"People increasingly are moving back toward the center of cities and into apartments and condominium complexes. The trend is driven by rising transportation and energy costs; fewer people living in the average U.S. household; fewer people willing and able to afford a big, suburban house; and more focus on transportation planning, including mass transit system."
Mr. Phillips emphatically asserts, "The hottest real estate sector in the country right now is apartments."
FULL STORY: ULI Chief: Inner ‘Burbs the Best
Can Urbanist Islands Make a Difference Where Sprawl Reigns?
The product of a single developer, San Jose's Santana Row is a pocket of urbanism in a sea of sprawl. But can it influence development patterns beyond its bounds, and should it?
Higher Home Values Preserved in Mixed-Income, Medium-Density Suburbs
A new study of the Philadelphia area commissioned by the Congress for New Urbanism “finds new urban characteristics play a role” in how households and neighborhoods weathered the recent economic downtown.
Maine Law Promotes Smart Growth
New state legislation encourages cities to plan around ‘smart growth’ principles to preserve farmland and open space, and use infill development to build more housing.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
New Park Opens in the Santa Clarita Valley
The City of Santa Clarita just celebrated the grand opening of its 38th park, the 10.5-acre Skyline Ranch Park.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
How Urban Form Impacts Housing Affordability
The way we design cities affects housing costs differently than you might think.
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