GLY Construction’s Post

Vad skapar attraktiva stadskärnor? Ny stor global studie visar följande: ”Central business districts must provide recreation, opportunities for discovery, and beautiful surroundings to continue to appeal to city dwellers. / The design of CBDs transcends aesthetics, it influences every aspect of the urban experience. Physical design improvements cannot be separated from their human impact. The analysis shows that CBDs must deliver opportunities for fun, discovery, and beauty to appeal to a broad audience of city dwellers. Downtowns that prioritize informal gathering spaces, promote walkability, and pursue activation through community amenities will create an authentic sense of place for downtown residents, employees, and local visitors.” Slutsats: In med rekreation, mötesplatser och grönska, ut med biltrafik och otrygghet. https://lnkd.in/dBuCCaAB

Downtowns that prioritize informal gathering spaces, promote walkability, and pursue activation through community amenities will create an authentic sense of place for downtown residents, employees, and local visitors. And, since the 2023 Gensler City Pulse study shared that people who feel that their central business district provides a great experience are 79% more likely to say that their city provides a great experience, we’d say the importance of a central business district cannot be overstated. Explore the insights on what urban residents desire: https://bit.ly/3S3pNas

Today, I had the opportunity moderate the ACRE Inland Empire City Showcase. We had 13 cities present including Town of Apple Valley, California, City of Fontana, City of Hesperia, City of Lake Elsinore, City of Menifee, City of Moreno Valley, City of Murrieta, City of Ontario, City of Redlands, City of Rancho Cucamonga, City of Riverside, City of San Bernardino, and the City of Eastvale, CA. It was a ton of information, but some overall themes included: 1. Increased densification with residential being the dominant product type driving most retail or office related projects. We will see a lot more 4 story and higher projects with attached parking structures. 2. A focus on downtown revitalization or downtown development. 3. Increased architectual requirements - if it's new, it is going to be attractive. 4. Cities reexaming property that they own or control, especially where parking lots are involved in an effort to create the type of product listed above. 5. A focus on the environment with these new projects including encouraging residential development near public transportion hubs. Below I am pictured with Rhonesia Perry, MBA with Fontana, Amanda Hernandez, MBA with the City of San Bernardino, and Orlando Acevedo, MBA with the Town of Apple Valley. We had great conversation about all the opportunties and obstacles that they face when trying to accomplish their goals.

Justin Sayers, Austin Business Journal. Small town Taylor, TX. is witnessing a revitalization of its Main Street, once lively with local businesses but which saw decline over the years. Recent developments are injecting new life into the area, propelled by the nearby Samsung Semiconductor factory and its workforce. The Taylor Economic Development. has invested $350,000 in infrastructure for projects that promise to bring retail, restaurants, hotels, and more, echoing similar rejuvenation efforts in other Austin-adjacent cities. Douglas Moss, a Taylor native who spent years in New York City, is playing a key role in this revival. His venture, Talbot Commons LLC, aims to transform a historic church and surrounding buildings into a mixed-use area with housing, a boutique hotel, and eateries. Phase one of the $3 million project includes converting part of the church complex into an 11-room hotel and opening a coffee shop. California-based developer Ujjal Ghoshtagore is another pivotal figure in Taylor’s transformation. His project, "The Pharmacy," plans to repurpose a historic building into a 16,000-square-foot mixed-use space with a boutique hotel, restaurant, coffee shop, and speakeasy. This $5 million project, backed by TEDC infrastructure grants, seeks to offer new dining and entertainment options, aligning with the city’s growth and Samsung Semiconductor’s influence. These projects signify Taylor’s effort to preserve its heritage while adapting to new economic opportunities, marking a hopeful future for the city’s downtown area. #taylortexas #mainstreetrevival #historicrenovation #samsungimpact #economicdevelopment #mixeduseprojects #boutiquehotels #localbusinessgrowth #urbantransformation #communityrejuvenation #realestateinvestment #smalltownrevitalization #tayloredc #historicpreservation #newrestaurants #retailgrowth #destinationdowntown #cityrenewal #urbanplanning #texascities

The recent sale of the Saint Vincent building on South Congress Avenue is a testament to the vibrancy and attractiveness of this prime Austin location. With its 100% occupancy rate, featuring top-tier retail tenants like Madewell, Marine Layer, and King Ranch Saddle Shop, alongside office tenants such as John Deere, Saint Vincent exemplifies the high demand for mixed-use spaces in this bustling district. The new ownership marks another chapter in the ongoing development and success of South Congress Avenue, an area renowned for its eclectic mix of shopping, dining, and entertainment options. South Congress Avenue continues to be a magnet for both local and national businesses, creating a dynamic environment that fosters growth and community engagement. The seamless blend of retail and office space in the Saint Vincent building highlights the strategic importance of mixed-use developments in catering to diverse business needs while enhancing the overall consumer experience. This sale underscores the robust market conditions and the strategic value of investing in South Congress Avenue properties. Hashtags to promote this post: #SouthCongress #AustinRealEstate #CommercialRealEstate #MixedUseDevelopment #AustinRetail #OfficeSpace #RealEstateInvestment #SaintVincentAustin #LeasingOpportunities #AustinBusiness #CRE #RetailLeasing #OfficeLeasing #PrimeLocation #InvestmentProperty #AustinGrowth

For more than thirty years, we've helped transform Frankfurt's cityscape. From glass towers to coffee shops, we're partnering with local government to create spaces where people can work more productively, live more comfortably, and find community more easily. Hear from Senior Managing Director Florian Reiff, the Elaine's World team and Dr. Petra Roth on how we’re building community in Frankfurt, through our Insights here: https://lnkd.in/gxZGAXA7   The individuals providing endorsements in the videos above are representatives of various customers in buildings owned and/or managed by Tishman Speyer, or have worked with Tishman Speyer through city planning. These individuals and their firms are not advisory clients of Tishman Speyer, nor investors in investment vehicles managed by Tishman Speyer. The customers were chosen based on the geography and the asset class of the underlying properties. Tishman Speyer did not provide any cash or non-cash compensation to the individuals participating in these endorsements.

Downtown is Louisville’s only neighborhood that has the largest number of businesses, hotels, museums, and attractions — and visitors to our city. Earlier this year, Louisville Downtown Partnership released the 2024 The Downtown Strategy to focus our efforts on creating and maintaining a beautiful, vibrant, and lively downtown that all can enjoy. The strategy is a 10-year plan that guides the development of projects in Downtown, based on core principles taking into account the current-day challenges, opportunities, and desires of Downtown stakeholders and the community at large. The decade-long plan sets forth a vision and implementation projects to improve Downtown Louisville and spur economic growth. The 2024 Louisville Downtown Development Strategy: A New Paradigm for Downtown Louisville sets forth a list of guiding principles and strategic initiatives intended to activate Downtown and create places where people want to be, want to live, and want to invest in. https://lnkd.in/gtk9jbkp

New concepts in real estate are emerging for revitalizing city centers in Germany, including residential spaces, serviced apartments, and mixed-use properties. Traditionally, city planning centered around iconic department stores like Karstadt or Kaufhof, drawing in crowds and supporting other businesses nearby. However, the landscape has shifted dramatically. Department stores are losing their allure, exemplified by Signa's insolvency, while online retail continues to thrive. This necessitates fresh approaches tailored to individual cities, such as integrating residential options, serviced apartments, and mixed-use developments catering to travelers. Adapting to trends is essential. In Fürth, the P&P Group is leading the charge with an innovative concept, creating 60 serviced apartments within the FLAiR Center experience by early next year. These units offer the convenience of individual living spaces with shared amenities like a launderette, lounge, food & beverage facilities, and co-working areas, akin to a modern mixed-use concept. Similarly, in Lauf, Bavaria, the P&P Group is repurposing a prime inner-city location, constructing three new buildings with 62 residential units by fall 2025. This move towards high-quality, energy-efficient housing promises to inject vitality into the city center, enhancing its appeal. These examples underscore the ongoing relevance of city centers as vibrant hubs of activity. However, real estate stakeholders must remain adaptable to drive continued success. #Innenstädte #einzelhandel #zentrumslagen #realestate #residential #immobilien #investment #development #projektentwicklung #zukunft #citycentre #retail #revitalizing

"The Gateway Mall can become the city’s family room, a place that welcomes everyone and positions culture, creativity, and joy as drivers of economic competitiveness.” Check out this great article from ULI St. Louis!

Exciting news for UK life sciences real estate and real estate repurposing The Crown Estate is spearheading a groundbreaking initiative to transform the former Debenhams store in central Oxford into state-of-the-art laboratory space. This project is part of the Crown Estate's £1.5 billion investment strategy in the science and technology sector, aiming to address the critical shortage of high-quality lab spaces for start-ups. With a £125 million investment, the redevelopment of this historic site will support the UK’s innovation landscape by providing essential infrastructure for growing science and tech companies. Crown Estate CEO Dan Labbad emphasised the importance of this project in retaining homegrown talent and preventing the exodus of start-ups to other countries. This initiative, in partnership with the Pioneer Group and Oxford Science Enterprises, signifies a strategic shift for the Crown Estate towards high-growth sectors beyond its traditional holdings. The conversion of retail spaces into labs aligns with the increasing demand for specialised real estate. At Life Sciences Real Estate, we have written extensively about the adaptive reuse of existing buildings, whether it's office-to-lab, office-to-clinic, museum-to-lab, warehouse-to-lab...and now we can add retail-to-lab. Today's IPE Real Estate Global Conference and Awards 2024 in Madrid included a compelling session on repurposing titled "Adapting Space for Tomorrow’s Requirements." The session, moderated by James MacNamara of Schroders Capital, featured a distinguished panel including Audrey Camus of Ivanhoé Cambridge, Annette Kroeger of PIMCO Prime Real Estate, Javier Rodriguez Heredia of Azora, and Coen van Oostrom of EDGE. They discussed the potential for retrofitting assets and converting office buildings to meet modern needs. Insights from this session underscore the growing trend and importance of adaptive reuse in the real estate industry, a topic very close to our hearts at Life Sciences Real Estate. Stay tuned for more updates as we continue to investigate. #LifeSciences #RealEstate #Innovation #CrownEstate #IPEREConference James MacNamara Audrey Camus Annette Kröger Coen van Oostrom Javier Rodriguez Heredia Maurizio Grilli Richard Lowe Dan Gilbert Atrima Khastgir Matthew Hopkinson Joachim Eeckhout Monika Sosnowska, PhD, FCCA, ATT