Pulsar Transport Planning’s Post

Good to see our Bow Goods Yard project receiving the recognition it deserves. A significant part of London's regeneration efforts, transforming an old underused industrial site into a mixed-use area that blends residential, commercial, and community spaces.  Tom Lowe Building Magazine "It was in May last year that the first signs emerged of what could be one of this decade’s biggest housing stories. A planning application was submitted for the Bow Goods Yard scheme in Stratford, north-east London. It went largely unnoticed by the housing sector because the scheme, a huge freight logistics hub, contained no housing. Approved last October, it is set to see up to three million square feet of industrial and leisure space built on the last plot of land to be released as part of the 2012 Olympics legacy, all of which is interesting enough in its own right. But it was a little noticed detail in the application that could prove to be the most significant for the housing sector in the years ahead." https://lnkd.in/d_bPHatP #urbanists #anglodutch

McKinney's Big Leap: Another Step Forward for the New Terminal! The McKinney City Council recently approved plans for a new 48,000-square-foot terminal at McKinney National Airport, marking a significant step toward making it DFW's third commercial airport after DFW International and Dallas Love Field. Key Details: Cost: Estimated at $72M Funding: Includes grants, loans, and a potential $14.3M funding gap. Timeline: Construction could start in May 2025, with commercial service launching by late 2026. Impact: 200K passengers in the first year, 1M by 2031, with 1,500 new parking spaces and room to grow from 3 gates to 5. What This Means for Investors: Pros: Boosts McKinney's appeal as a growing city. Increased infrastructure and passenger traffic could drive property value appreciation and create new commercial opportunities. Enhanced connectivity may attract businesses and residents. Cons: Uncertainty around funding could delay the project. Potential pushback from residents concerned about noise and traffic. Real estate near the airport could face challenges, including zoning changes or noise pollution. McKinney's population growth, combined with DFW's booming metro area, creates a unique investment opportunity. But as with any major development, risks must be carefully weighed. Investors, what are your thoughts? Is this a golden opportunity, or are the challenges too steep? Share your take in the comments! READ MORE: https://lnkd.in/gN5MS3nY #McKinneyInvesting #RealEstateGrowth #InfrastructureExpansion #AirportDevelopment #InvestSmart

"...the overwhelming response has been that it’s time to get on with making Liverpool Street station the best that it can be,” says Robin Dobson, Network Rail's group property director. Network Rail Property, the country’s biggest owner of brownfield land, is taking a more proactive and assertive role in regeneration. It used to be a net seller of land. Now, through partnerships and driving schemes forward under its own name, Network Rail is creating homes and jobs on underutilised brownfield sites, and generating the funding to upgrade its crumbling Victorian infrastructure. Thank you to Building Magazine for writing this comprehensive article. As Britain's busiest station, Liverpool Street is long overdue the transformation it deserves. It’s time for the station to become a destination in its own right, putting it up there with London’s best - where it belongs. You can read the full article here - https://lnkd.in/d_bPHatP

$10B Port Authority Bus Terminal Replacement Project Moves Forward The $10 billion project to replace the decrepit Port Authority Bus Terminal is moving forward. The City Planning Commission (CPC) on Wednesday voted unanimously to approve the Midtown bus terminal’s revamp project, which replaces the dreary, aging 74-year-old facility with a vibrant, modern transit hub featuring ground-floor retail space and a public park. Plans to replace the terminal first surfaced more than 10 years ago to account for the expected growth in ridership. The plan now heads to the City Council for a vote. Two commercial skyscrapers will be built along Eighth Avenue on the corner of 40th and 42nd Streets, the revenue from which will help fund the project. A third office tower, to be built on land bounded by West 30th and West 31st Streets and Ninth and 10th Avenues, would also support the project. On an average weekday in 2019, the terminal saw approximately 260,000 passengers on 7,800 buses, making up roughly 23 percent of trips in and out of Manhattan’s core. However, officials estimate that this number could rise to 337,000 passengers daily by 2040, as reported by Crain’s. #COMMERCIALREALESTATE #NYCREALESTATE #CRE #NEWDEVELOPMENT #THELENNONTEAM Douglas Elliman Real Estate

I am not convinced that rezoning 0.1% of our buildings will fix housing affordability when the Sydney population grows at 3%. The plan is to knock down what they can and build bigger buildings, but what about the other 99.9% of buildings we can build on top of? A lost opportunity? We support TOD in Sydney, but there are challenges when looking at global examples. This housing strategy aims to pressure building owners to sell their homes and relocate during a crisis, allowing the developer to tear down existing structures and construct high-carbon concrete buildings for sale at premium prices. This approach benefits wealthier buyers and lines the developer's pockets with the profits, while rezoning could take as long as 25 years to implement fully. We will lose the embodied carbons of the original building and add to the 20 million tons of construction waste that goes to the tip each year. There will be a constant battle with NIMBYs and local councils. We don't have that luxury of time. Alternatively, installing new modular homes on existing rooftops could create 100,000 new housing units within 5 to 7 years. Funding the rejuvenation of our existing buildings and sharing the uplift with the community. Fix the buildings we have, build up, and knock down the ones we can't. That is what is best for the community and the planet!

Melbourne's new Metro Railway Service is expected to mirror the remarkable success of Sydney's recent Metro, with transformative effects on urban landscapes. Sydney's Metro evolved into a national and international tourism hotspot in a matter of weeks from opening, thanks to its stunning underground stations and art installations. The City of Melbourne anticipates a similar outcome, especially given its iconic Melbourne Central, a major urban project drawing over 40 million visitors annually ( despite the severity and loss of over 500,000 footfall in the CBD of Melbourne per week) Adjacent to the renowned Melbourne Central Underground station, the new Metro Railway station is poised to be a game-changer. It will showcase a seamless blend of heritage preservation and modern infrastructure. This initiative, like my initiative to preserve the Historic "Shot Tower," is instrumental in creating a unique urban identity, sparking substantial investments, and revitalizing Melbourne's cityscape. It creates a "sense of place" that is hard to achieve and drives "repeat visitation." As a seasoned "Placemaker," I take pride in steering significant urban transformations in Melbourne. This is evident in Melbourne Central's unparalleled success with full occupancy and top-tier retail performance, which has become a catalyst factor for over $9bn of new investment in a previously neglected precinct of the City of Melbourne. Today, amidst the buzz of the AFL Grand Final, Melbourne Central stands as a bustling hub, attracting visitors and tourists alike and solidifying its status as a premier retail and tourism destination in Australia. My proven Placemaker and deep understanding of creating retail destinations were evident during the late 1970s in an off-pitch retail location, creating the "Gallerie Shopping Centre" at 20 Gawler Place. This was Australia's first major Food Court, and the Gallerie Food Affair peaked at its first Christmas with over 60,000 meals. It's hard to imagine a major retail centre in Australia today without a Food Court. The "Gallerie Food Affair" had many firsts, including Wendy's Supa Sundaes and other retail innovations, including the World's first RM William's CBD store. #MelbourneCentral #UrbanRenewal #Harropfactor #Placemaker #SocialResponsibility #Destination #MelbourneMetro

The City of Surrey is developing a new Neighbourhood Concept Plan in East Cloverdale along the Surrey-Langley boundary, with a draft plan expected in 18 months. This plan will focus on supporting the Surrey Langley SkyTrain Project by supporting transit-oriented development and related infrastructure and amenities. For more information, see full corporate report: https://lnkd.in/gPuhTZHB

Most important lesson? Admitting we have a problem. Brad Bradford raises critical issues - we have had decades of ineptness without accountability. Look at Union Station’s 10 year delay, Crosstown not even open, budgets run amock, and yet this is not newsworthy and there are no consequenses. We need to demand more, but first we have to admit the project delivery model is broken. The solution will be less regulation and more private sector delivery with deadlines, incentives, etc. “Houston, we have a problem”. Let’s admit we need radical change.

Had a fantastic day at the The Association for Rental Living Annual Build to Rent Conference today with my Womble Bond Dickinson (UK) LLP colleagues Nigel Emmerson and Sarah Deckers. Lots of takeaways from today: 🏡everyone was feeling positive that the Gvt wants to engage with the sector 👎but most people feel that the housing targets won’t be met 🏗️interesting discussions on modular / MMC to speed up delivery 👵🏽an ageing workforce in construction is a concern - average age of 49. How do we get more people and skills in the industry? 📊data rooms need a lot of upfront tailoring to successfully speed up transactions - no data dumps and unlabelled PDFs! 🚨building safety, fire regulations, cladding and delays in planning continue to mean £bns of assets are not being brought to market 💰in the 21st century the investment horizon has got longer. Capital growth and rental growth are inextricably linked 🙌embrace “hypermixity” as the new normal - buildings need to adapt to changing demand 👮Surveys undertaken by Rightmove and HomeViews found that price, location, security and maintenance are the most important factors for those choosing #BTR accommodation

Major site establishment on light rail to Commonwealth Park is set to begin in the city centre on Wednesday 5 February. The entire western side of London Circuit will close to regular traffic, with the exception some movement from West Row, through London Circuit, to Knowles Place onto Edinburgh Avenue. The closure will enable the safe relocation of underground services, paving the way for the laying of tracks, construction of light rail stops and continued urban renewal. Canberrans can now access an online construction impacts map to view current information about road changes and other impacts relating to the construction of light rail, the Raising London Circuit project, as well as parking impacts in the city. You can find the map here: https://lnkd.in/gyEPMK8S Once complete, the light rail network will extend by almost 2km, creating three new stops at Edinburgh Avenue, City South and Commonwealth Park. It will transform the southern end of the city to a place that is welcoming and accessible to residents, tourists, commuters and businesses. To stay up to date on travel changes in the city, go to: https://lnkd.in/gyEPMK8S