Walkable real estate development projects and places are on the rise nationwide, but certain metro regions are progressing faster than others, according to a new report released today by the Center for Real Estate and Urban Analysis at George Washington University School of Business in conjunction with LOCUS: Responsible Real Estate Developers and Investors, a program of Smart Growth America.
The report ranks the country’s top 30 metropolitan areas based on the amount of commercial development in Walkable Urban Places (WalkUPs) and is written by the Center for Real Estate and Urban Analysis at George Washington University School of Business in conjunction with LOCUS: Responsible Real Estate Developers and Investors.
A new survey of development trends will reveal which regions are building most walkable neighborhoods.
Photo via DC: The WalkUP Wake-Up Call, 2013.
Our major metropolitan regions are racing to capture the market demand for walkable urban places. Do you want to know who is winning?
Join us for the release of Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros on June 17, 2014 at 2:00 PM EDT, live streamed from Washington, DC during the 2014 LOCUS Leadership Summit.
Some of the nation’s leading developers and investors in walkable development comprised the 2014 nominees for the LOCUS Leadership Award. This year, LOCUS is proud to recognized president and co-founder of Domus Development, LLC, Meea Kang as the 2014 LOCUS Leadership Award Recipient.
Over 100 of the country’s top real estate developers and local elected officials have registered for the nation’s premiere conference where smart growth deals get done. Having secured a spot on the exclusive list of attendees, they know the Summit will provide a unique opportunity to learn about the top metros for investment, the latest smart growth projects and to network with the best minds in the industry.
Yesterday, Senate EPW Chairman Barbara Boxer (CA) and Ranking Member David Vitter (LA) released a draft bipartisan six-year, transportation reauthorization.
For the first time, the bill includes a transit-oriented development (TOD) financing provision that LOCUS has strongly supported. As proposed, the TOD financing provisions provide local communities the tools needed to leverage greater private sector investment and economic development around public transportation through the highly successful TIFIA program.
The 2014 LOCUS Leadership Summit is set to assemble some of the most innovative mayors and developers from all over the country in one (large) room to share and learn the latest best practices, innovative policy solutions and smart growth projects in their communities.
Have you ever caught a bus right outside your office? Taken the subway to a ball game? Or ridden the light rail to go to the grocery store?
If you have, you know how convenient and inviting transit-oriented development can be.
This strategy—of building neighborhoods with homes, shops and offices near public transportation—can create significant economic development, generate new tax revenue for towns and cities, and lower housing and transportation costs for families. But these projects come with complex infrastructure challenges, and as a result need more than just bank support.
A new bill introduced today in Congress would help make transit-oriented development projects more financially feasible.
Yesterday the Obama Administration sent Congress its proposal for a four-year federal transportation bill—the GROW AMERICA Act. The current bill, MAP-21, is set to expire at the end of September, and the new bill has implications for highway and rail construction as well as economic development programs like TIGER grants. How would these proposals impact community development and smart growth?
The good news
The bill includes several promising policies for smart growth advocates.
First and foremost, it would require cities and states to consider all modes of travel when designing federally funded roads, provisions very similar to those proposed in the Safe Streets Act. This strategy gets the most out of federally funded projects, makes sure a given project best meets a community’s needs, and supports neighborhoods with a wide range of transportation choices—all things that Smart Growth America supports.
LOCUS: Responsible Real Estate Developers and Investors along with The George Washington University’s Center for Real Estate & Urban Analysis will release an updated report ranking the 30 metropolitan areas with the most walkable urban places in the country at the 2014 LOCUS Leadership Summit.
This new ranking is an updated version of a 2007 survey by the Brooking Institution’s Metropolitan Policy Program comparing the economic performance of metropolitan areas that have the most walkable urban places based on selected commercial real estate metrics. The ranking will highlight which metropolitan areas are transitioning away from sprawl, which are in the process of transition, and those that are continuing to sprawl outward.