Commercial Property Executive’s Post

Did you know that One World Trade Center opened on this day in 2014? Beyond its symbolic role as a beacon of resilience and recovery after the 9/11 attacks, it significantly contributes to New York City's economic vitality and global prominence. As the tallest building in the Western Hemisphere, it is an architectural and engineering marvel and a crucial economic hub, housing office spaces, observation decks, and a transportation hub.

Charles Eames famously said, "Recognizing the need is the primary condition for design." Architecture and community needs undoubtedly intersect. In the SEATTLE DAILY JOURNAL OF COMMERCE Affordable Housing feature, Ben details the City of Tacoma's Home in Tacoma (HITP2) efforts that aim to address the efficacy of jurisdictional codes. Sprinkling in personal anecdotes coupled with his experience on the city of Tacoma's Permit Advisory Task Force, Ben outlines the programs in place and efforts behind affordable housing in the City of Destiny. Read the DJC feature here - https://lnkd.in/g6gT-ke4

Breaking ground, building the future! 🏗️ Last week, we celebrated the groundbreaking of our new headquarters in Falls Church, Virginia—an exciting step forward in innovation, partnership, and sustainability in the built environment. During this milestone event, our CEO Kimberly Roy, Virginia Tech’s Dean of Engineering Julia Ross, Congressman Don Beyer (VA-08), Chief Deputy Secretary of Virginia Commerce and Trade Juan Pablo Segura, and Fairfax County Government Supervisor Jimmy Bierman along with the project's Site Operations Vice President Ken Whetzel joined us and shared their excitement about this innovative new project and what this partnership means for our team members, partners, the industry, and the surrounding community. Designed by Gensler and in partnership with Virginia Tech, our headquarters will house the Coalition for Smart Construction's applied research laboratory, paving the way for groundbreaking research, sustainable innovation, and industry-academia collaboration. Watch the video to see this momentous occasion! Read more: https://lnkd.in/eGeY_YHZ #Groundbreaking #Innovation #Sustainability #HITTContracting

Arts & Culture have an economic and social impact on cities that is indisputable. As the DTLA Alliance’s Arts & Culture Report points out -- “The world’s most popular and thriving cities are synonymous with globally renowned cultural landmarks and experiences…”   Did you know that LA County has 90,000 Creative Economy jobs across a range of industries and occupations, not just those in TV and film. Areas like New Media, Creative Goods, Advertising, and Architecture.   Learn more about how the artists, institutions, destinations, and organizations supporting arts and culture in DTLA come together to make an impact across all sectors of Downtown’s economy – office, residential, retail, and hospitality. ➡ https://lnkd.in/gVMViGFF

Last week, Patrick Carata, joined Gary Pachucki, Ernest Wong, Sheilah Carroll, Nikki Kern, and George Cardenas at Bisnow’s Chicago Repositioning and Conversions Event. The panel delved into the significant value of adaptive reuse and repositioning as strategies to overcome financial constraints while modernizing cities. Patrick shared insights on how these approaches serve as powerful tools for urban renewal, attracting new interest, investment, and ‘breathing new life’ into areas in need of revitalization. One project we’re particularly excited to see progressing is the redevelopment of 1769 Pershing Road in McKinley Park, currently in the concept design phase. This project is focused on enhancing health, well-being, and community spirit in the neighborhood. Learn more about the project here: https://lnkd.in/gHxAurDM

Gensler partnered with the Maryland Department of Transportation and the Maryland Economic Development Corporation to conduct a comprehensive study on the potential for transit-oriented development (TOD) at key MARC commuter rail stations between Washington, DC, and Baltimore. This strategy envisions transforming six stations—Seabrook, Bowie State, Odenton (rendering pictured), BWI Airport, Halethorpe, and West Baltimore—into vibrant, mixed-use communities. By focusing on sustainable, equitable growth, this plan will bring thousands of new jobs, create affordable housing, and increase transit ridership while boosting local economies. With over $800 million in projected tax revenue and new opportunities for public and private investment, we’re excited to play a part in reshaping these communities, improving connectivity, and advancing smart urban development in Maryland. https://lnkd.in/eYYDUX34

Elgin is rapidly emerging as a key player in the Austin region fueled by transformative projects like a $500 million mixed-use development and thousands of new homes. Positioned along the US-290 corridor, Elgin’s growth aligns with regional momentum, drawing interest from developers and businesses eager to capitalize on its location and expanding workforce. With incentives, fast-track permitting, and workforce training programs at Austin Community College-Elgin Campus, Elgin is poised to support the industries and talent fueling the Austin region's economic future. Learn more: https://hubs.la/Q030MlYf0

Learn about Miami's future — from Flagler Street redevelopment plans to the city's global business hub status — with MJ Green, Miami Downtown Development Authority's Chief of Economic Development & Strategy. Watch his full interview: https://lnkd.in/eDneT9_7

🌍 Today I was in Manchester for productive meetings with trusted partners and friends (Steve Crystal and L S Lowry pictured). We delved into the latest global fraud trends, and our discussion was not only insightful, but also a testament to the power of trusted and positive collaborations. In an era where challenges are increasingly complex and interconnected, the value of working with dependable partners cannot be overstated. Sharing ideas and solutions with those who share our commitment to integrity and innovation makes us stronger and more resilient. Together, we can tackle the toughest problems, drive meaningful change, and create a safer, more secure world. Here's to the power of collaboration! 💪✨ #Collaboration #Innovation #TrustedPartners #FraudPrevention #GlobalTrends

Check out this interesting event on creating architecture and lighting that is safe for bird migration!