Following Hurricane Harvey, Houston's City Hall became flooded with four feet of water, rendering the building's electrical and mechanical equipment useless. Restoring power back to City Hall quickly was crucial in aiding the recovery efforts.
Houston's development has meant the loss of many wetlands, a key factor in protecting the against floods. This, coupled with climate change, will mean more floods, causing more danger and damage to the growing city.
An interactive map from Chicago Cityscape shows all of the city's parking lots, vacant spaces, and city-owned land. Not all of it is truly vacant, or developable, but the map shows how much scope remains for new construction.
A successful TOD will be predicated upon three core elements: 1) development; 2) transit; and 3) transit-friendly amenities. While focus tends to be on the first two elements, this article provides insights on the importance of the third element.
Renewal & Redevelopment (Association for Redevelopment Initiatives)
Last week, leaders of the initiative to curb development in L.A. surprisingly presented Mayor Eric Garcetti with an ultimatum: Agree to their list of demands by August 24, or they will take the issue to the March 2017 ballot.
Canceled projects, price discounts, and increased incentives to buyers are already showing up in real estate developments in key U.S. regions, writes estate and affordable housing adviser Michael P. Russell. He reviews some key indicators.