Northwest Arkansas (NWA) is experiencing a significant and fast paced population growth, and, as a result, housing supply is constrained. A regional approach is needed to sufficiently address this housing crisis and develop a plan to accommodate the population growth throughout the region. Smart Growth America (SGA) partnered with ULI Northwest (ULI NWA) in a … Continued
EXECUTIVE SUMMARY In the last two decades, land values and construction costs in Northwest Arkansas have risen steadily, particularly in the four largest cities of Bentonville, Fayetteville, Rogers, and Springdale. Currently, Northwest Arkansas’ population is growing by about 30 people daily. The Northwest Arkansas metropolitan area population is projected to reach 1 million—or nearly double—by … Continued
The Urban Land Institute (ULI)’s annual housing conference brings together housing professionals from across the country to discuss current challenges and opportunities for supporting a full spectrum of housing choices in cities and suburbs increasingly challenged by the new economy.
Joining the discussion at this year’s conference is LOCUS: Responsible Real Estate Developers and Investors. LOCUS Managing Director Christopher Coes and Steering Committee member John Hempelmann, of Seattle-based business law firm Cairncross & Hempelmann, will join a panel discussion at the conference about federal involvement in real estate and how it might be reformed.
A new report from The George Washington University’s Center for Real Estate and Urban Analysis, in partnership with LOCUS: Responsible Real Estate Developers and Investors and ULI Washington, reveals how walkable urban places and projects will drive tomorrow’s real estate industry and the U.S. economy, and outlines what actions are needed to take advantage of these market trends.
The report was released at an event yesterday in Washington, DC. Governor Parris Glendening, President of Smart Growth America’s Leadership Institute, gave the kickoff keynote of the day-long event. Glendening discussed the megatrends shaping the real estate market today, including changing demographics, new demand among consumers and emerging economic factors. These trends are all influencing the real estate market, Glendening explained, and are shaping how developers think about the built environment and economic development.
The Urban Land Institute’s Terwillinger Center for Workforce Housing held its annual awards gala in September to recognize communities, real estate developers and policymakers in promoting workforce housing affordability. The Jonathan Rose Companies, led by LOCUS steering committee member Jonathan Rose, received the Jack Kemp Workforce Housing Model of Excellence award for their Tapestry development in East Harlem, New York. The award is given in honor of former HUD Secretary Jack Kemp in recognition of four developers who have used innovative financing and design strategies to build developments and offers units at both market rate and below-market rate for residents.
LOCUS Steering Committee member Eric Larson also attended the event to present the Robert C. Larson Workforce Housing Public Policy Award, which recognizes the commitment of a state or local government that is dedicated to the production, rehabilitation and preservation of workforce housing. New this year, the award is named in memory of Larson’s father, Bob Larson, a leading real estate developer and investor chair of the Resolution Trust Corporation and former ULI chairman. This year’s award recipient is the city of San Jose.
“My father believed that a keen sense of community would emerge when dedicated, smart people do the right thing. And public policy, with strong leadership, is key to the lasting quality of a community,” Larson said. “We are thrilled that San Jose is the first recipient of this award bearing my father’s name.”
Baton Rouge, LA – Developers, advocates, designers and civic leaders from across the region and around the country gathered last week for Louisiana’s sixth Smart Growth Summit. Hosted by the Center for Planning Excellence (CPEX), this year’s summit focused on the economic opportunities created by smart growth.
CPEX, which works primarily in Baton Rouge, is known across the state as the leading advocate for strategic redevelopment, land use and transportation planning. In 2006 the group led a state-funded visioning effort called Louisiana Speaks which engaged 27,000 people in a conversation about the state’s future. Cities, towns and parishes across the region joined the smart growth dialogue, and the results are already apparent in local plans and politics.