As mobile technology is fast becoming more mainstream, Urban Land Institute's CEO Patrick Phillips envisages more mixed-use developments in the next decade.
In a summary of Mr. Phillips' 30-minute speech at the National Association of Real Estate Editors annual conference, The Wall Street Journal blogger Kris Hudson writes:
"People increasingly are moving back toward the center of cities and into apartments and condominium complexes. The trend is driven by rising transportation and energy costs; fewer people living in the average U.S. household; fewer people willing and able to afford a big, suburban house; and more focus on transportation planning, including mass transit system."
Mr. Phillips emphatically asserts, "The hottest real estate sector in the country right now is apartments."
FULL STORY: ULI Chief: Inner ‘Burbs the Best
Can Urbanist Islands Make a Difference Where Sprawl Reigns?
The product of a single developer, San Jose's Santana Row is a pocket of urbanism in a sea of sprawl. But can it influence development patterns beyond its bounds, and should it?
Higher Home Values Preserved in Mixed-Income, Medium-Density Suburbs
A new study of the Philadelphia area commissioned by the Congress for New Urbanism “finds new urban characteristics play a role” in how households and neighborhoods weathered the recent economic downtown.
Density and Disorder: The Imaginary Link
A recent article tries to tie public transit and walkability to social disorder — but in fact, sprawling Sunbelt cities like Memphis are as likely to have high crime rates as transit-rich metropolises such as New York and San Francisco.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
Study: Drops in Transit Ridership Linked to Extreme Weather
Unsurprisingly, people are less likely to use transit during extreme weather events, which are becoming more common around the country.
Washington State May Cap Rent Increases at 7 Percent
House Bill 1217 was passed by the House and will move next to the state Senate.
Alaska Considers “Homeless Bill of Rights”
The proposed bill builds on laws enacted by Rhode Island, Connecticut, and Illinois.
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