$146.4M value loss in 23 years. But that loss is a catalyst for something new for Gwinnett Place Mall.
Much-needed housing is a big part of the redevelopment plan.
The "residential-heavy plan, called Global Villages, would create a central park as the communal nucleus, remake all roadways as Complete Streets with connections to other key points in Duluth, and enhance transit with possible bus-rapid-transit options and a new transit center."
Redevelopment requires ingenuity, some adaptive reuse, and a lot of unique building product applications.
#buildingproducts#commercialdevelopment#housinginnovation#constructionversehttps://lnkd.in/gBWGT3MQ
Plano, Texas, is leading the way in innovative redevelopment projects to manage its rapid growth and evolving economic landscape. The city, which has seen its population increase from 260,000 in 2012 to nearly 292,000 in 2023, is focusing on transforming vacant spaces into vibrant mixed-use areas. Projects like the revitalization of Collin Creek Mall and Assembly Park are key examples of public-private partnerships that aim to create modern, dynamic spaces for residents and businesses. Plano has also launched an office modernization grant program to incentivize property owners to update their facilities, ensuring the city remains attractive to businesses. These initiatives reflect Plano's commitment to growth and redevelopment while preserving its unique identity.
Cred: https://lnkd.in/du-Fep6Dhttps://lnkd.in/dgRp6BbN#development#dfw#new#collincreek#innovative
CRE research professional and head of a national commercial real estate research platform for Newmark in Canada providing thought leadership, operational excellence, team building and market insights
Ladner, a small Lower Mainland town set within the larger, fast-growing municipality of Delta, B.C., is starting to get a taste of higher density development more common among its neighbours, reported Real Estate News Exchange (RENX).
"Updates to zoning rules in Ladner and to Delta's Official Community Plan mean the small city of 23,000 people is starting to see larger condo developments proposed and approved, say stakeholders focused on building and selling new homes in the riverside town."
"The concept of multifamily housing has rarely been available in Ladner Village in the past, but now Headwater Projects is pre-selling a six-storey condo and commercial building called Bridge & Elliott."
https://lnkd.in/gZEspWuK#ladner#development#mixeduse
John Smolak - At over $606K per unit, I do hope no government funding, tax credits or other government incentives were provided for this project! And if so, at what cost to the community in exchange for a few affordable housing units which may a short affordability period.
Veteran Housing Corp applauds all efforts to build affordable housing but would challenge the US Congress and every local, state, and federal housing agency or affordable housing developer to do better in 2024 and beyond.
Veteran Housing Corp demands permanent affordability for all projects receiving government funding, subsidies, tax credits, or other incentives!
Veteran Housing Corp demands transparency and every local, state, and federal government agency and other stakeholders MUST provide answers to questions about the housing projects that are built with government funding, subsidies, tax credits, or incentives, including the following:
1. How much funding, federal tax credits, or government benefits or incentives from all government sources did the projects receive?
2. What is the affordability period for each project?
3. What guarantees exist that tenants will not be displaced after the "affordability period expires?
Every local, state, and federal housing authority and affordable or workforce housing stakeholder should adopt the State of Vermont's "permanent affordability" policy as a model for all future government funded or subsidized housing projects or developments, no exceptions!
https://lnkd.in/eFEUC8c8
Additionally, local, state and federal housing agencies should look to the Helsinki, FINLAND MODEL of ending homelessness by providing affordable housing for all
'It’s a miracle': Helsinki's radical solution to homelessness
https://lnkd.in/er9HZSQU
U.S. Department of Housing and Urban Development AGREES THAT adopting FINLAND'S MODEL OF ERADICATING HOMELESSNESS may be of great value to resolving the affordable housing and homelessness crises in America https://lnkd.in/gkSZWYRU
Alongside our partners at MassHousing, WinnCompanies is excited to announce that financing has been secured for a new multi-family housing development, The Elmwood in Shrewsbury, MA. This $56.4 million project will create 93 units of much-needed, mixed-income apartment homes for the local community. The Elmwood is one of WinnCompanies’ most innovative green building undertakings to date, designed to meet Passive House standards.
Click here to read the press release: bit.ly/3RJ6fYZ
HARWORTH’S BLUEPRINT FOR GROWTH
✅ Sustainable urban expansion – let’s build at scale, in the right places
As our chief executive Lynda Shillaw says in our Blueprint for Growth film “You can’t contain everything to brownfield sites and within city centres. You have to assemble land in the right place and at scale.”
We need to unlock more land for development, and not just brownfield. The Green Belt has an important role, but its size (12.6% of land in England) and a short supply of brownfield land is preventing the delivery of much-needed housing and employment space across parts of our country.
Land should be released in strategically appropriate locations – including areas close to major transport hubs – to enable large-scale development, drive socioeconomic growth and improve life outcomes.
At Waverley, on the site of the former Orgreave Colliery in South Yorkshire, we’ve seen the benefits of large, well-planned, strategic development, working in partnership with Rotherham Metropolitan Borough Council.
With over 1,700 homes, a primary school, emerging high street, new community park, a world-leading Advanced Manufacturing Park and connections to Sheffield and beyond, it is driving growth in this part of the region.
Read our proposed policy proposals for sustainable urban expansion in our Blueprint for Growth below 👇
https://lnkd.in/et7DkaYe#sustainability#communities#growth#regeneration
Good to know proposed zoning changes are crystallizing and could start moving through channels permitted...so to speak....
These tweaks would allow increased housing inventory as well as revitalizing several areas and bldgs.
#housing#rezoning#revitilization#nychttps://lnkd.in/eSf4A89H
Miami's Overtown neighborhood, once likened to "Harlem of the South," is undergoing a revitalization phase. Situated near Downtown Miami with strong transit connections and adjacent to vibrant districts like Wynwood, Overtown has become a hotspot for real estate development. Recent years have seen a surge in multifamily projects catering to the demand for affordable housing. Key infrastructure improvements, such as the new Brightline station and the ambitious Underdeck Project, are enhancing Overtown's appeal by improving connectivity and adding community spaces. With its historical significance and strategic location, Overtown is poised to lead inclusive redevelopment efforts in Miami.
Explore development: https://bit.ly/3XF5LaJ#MarketRent#OvertownRealEstate#WalkableNeighborhoods#UrbanInvesting#OvertownMiami#WalkableCities#AffordableHousing
Ann Arbor, Michigan is aiming to encourage mixed-use development as a way to promote walkability and sustainable transportation. The city has made changes to zoning regulations to encourage more of these developments, with the goal of creating vibrant, pedestrian-friendly neighborhoods.
Despite the benefits of mixed-use development, some projects in Ann Arbor have experienced high vacancy rates on the ground floor while residential units above remain in high demand. This has led some to question whether the city needs to do more to support small businesses and economic development.
Nevertheless, many believe that mixed-use development is still worth pursuing in Ann Arbor. By creating more walkable neighborhoods, these projects can help reduce traffic congestion and improve quality of life for residents. Additionally, mixed-use development can create more affordable housing options in areas where housing costs are rising rapidly.
If you're interested in learning more about mixed-use development in Ann Arbor, be sure to check out the full article here: https://lnkd.in/gywM7dfz.
#AnnArborRealEstate#MixedUseDevelopment#AnnArbor#CommercialRealEstate#Article
Year in Review - and Ahead ◀️▶️
2023 saw so much momentum on large and impactful projects!
What was initially planned as just a parking garage has evolved into The Franklin at 11th Street Station.
The South Shore stop will include retail and public space as well as apartments as another avenue to add housing to our community.
Watch for updates!
#economicdevelopment#mymichigancity#yearinreview
We at CWA and CES have shared several articles and sources that have shed light on housing diversity, affordability, and availability within our country. With that, we'd like to share the following American Planning Association's Planning Magazine article that covers "how the rural city (of Walla Walla, WA) eliminated single-family-only zoning, legalized ADUs, and relaxed parking minimums to promote housing diversity."
Follow this link to read the full article:
https://lnkd.in/gwmyPkGR#planning#housing#availability#diversity#zoning#zoningreform
🏠🛠️ In the bustling city of Los Angeles, a story of perseverance and challenges unfolds.
Lorena Plaza, a 49-unit affordable housing project, epitomizes the complex journey towards solving the housing crisis.
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Conceived in 2007, it's still under construction after 17 years, highlighting the hurdles faced in creating affordable living spaces in high-demand areas.
Amid soaring prices and bureaucratic obstacles, this project in Boyle Heights stands as a testament to the ongoing struggle and the urgent need for accessible housing. 🏗️🌇
Curious about this? See the Link below :
https://bit.ly/49unithttps://bit.ly/49unit#AffordableHousing#LorenaPlaza#LAHousingCrisis#UrbanDevelopment#BoyleHeights#HousingForAll