Currently viewing the tag: "ULI"

Come join the ULI Southeast Florida Young Leaders of Miami-Dade County to network, meet new people and build invaluable relationships.

Attendees to include professionals in the real estate development, brokerage, management, planning, architectural, engineering, construction, legal, and public sectors. Learn about the Urban Land Institute’s Young Leaders Group and upcoming ULI events.

Non-members are encouraged to attend.

FREE for All! Registration required – One free drink and light appetizers will be provided.

 

Date and Time August 23 5:30-7:30

Location: Clarke’s

840 1St Street

Miami Beach, FL

 

Register Online:

District Council

Register by phone:

  • Call: 1-800-321-5011 between
    9 a.m. and 5 p.m. EST, Monday through Friday;

Online registration for this event is closed, but you may still be able to register. Please call 800-321-5011 for more information.

Register by mail or fax:

  • Download a registration form
  • Fax to: 800-248-4585 (credit card payments only); or
  • Mail to: ULI, Department 304, Washington, D.C., 20055-0304 (for check or credit card payments).

 

 

Tagged with:
 

On Tuesday night I attended a ULI Young Leaders steering committee meeting at the Wynwood Kitchen and Bar with about two-dozen local real estate professionals.  Transit Miami friend Andrew Frey has organized this group in an effort to bring together forward-looking professionals with diverse backgrounds.

Some of the industries present at the meeting were land use and real estate attorneys, urban planners, developers, architects, commercial real estate brokers, private bankers, and an FEC representative. As diverse as the backgrounds were, there was a common trait among these professionals:  They all want to see their city develop into a transit-friendly, mixed-use and walkable metropolis. They also want to see Miami grow-up to become a non-auto centric world-class city that attracts businesses and entrepreneurial professionals alike.

This group will continue to meet once every couple of months and in the very near future will organize panels (as well as a networking happy hours) to discuss topics such as:

  • Streetscapes; why they should be improved and their economic benefits
  • The effect of gambling and casinos on Miami
  • The link between jobs and transportation

Elected officials and developers should take note and tap into the resources that this highly energized, educated, and entrepreneurial group has. They are not living in the Miami of yesteryear and they want to help build a more competitive city that will encourage businesses to relocate to the Magic City.

Tagged with:
 

I just finished reading the 2010 Emerging Trends in Real Estate.  Now in its 31st year, this report is jointly produced by PricewaterhouseCoopers and the Urban Land Institute (ULI). This is the first time I have read this report, but I am very impressed. According to the PricewaterhouseCoopers webpage this report:

is the oldest, most highly regarded annual industry outlook for the real estate and land use industry and includes interviews and survey responses from more than 900 leading real estate experts, including investors, developers, property company representatives, lenders, brokers and consultants.”

The report is downright bearish on real estate development for 2010.The report goes on the say that real estate developers are “largely dead” and that “builders can leave on long sabbaticals”. They don’t foresee construction picking up until 2012, but when it does, most construction will be focused on urban infill development.

This is great news for those of us that believe that our cities are our future. Below are some of my favorite excerpts from this report:

Next generation projects will orient to infill, urbanizing suburbs, and transit-oriented development. Smaller housing units-close to mass transit, work and 24 hour amenities-gain favor over large houses on big lots at the suburban edge.  People will continue to see greater convenience and want to reduce energy expenses, shorter commutes and smaller heating bills make up for high infill real estate costs.” (Page 12)

Infill vs. Suburbs. Road congestion, higher energy costs, and climate change concerns combine to alter people’s thinking about where they decide to live and work.  ‘It’s a fundamental shift.’ The lifestyle cost-of-living equation starts to swing away more dramatically from bigger houses on bigger lots at the suburban edge to great convenience and efficiencies gained from infill housing closer to work. These homes maybe more expensive on a price-per-pound basis, but reduced driving costs and lower heating/cooling bills provide offsets. And time saved avoiding traffic hassles moderates stress and enhances productivity. ‘Two-hour commutes reach a tipping point with higher energy costs’ and ‘near-in suburbs will do well especially if they link to business cores by mass transportation.” (Page 32)

Investors tend to favor the following:

  • Global gateway markets on East and West coasts- featuring international airports, ports and major commercial centers.
  • Cities and urbanizing infill suburbs with 24-hour attributes-upscale, pedestrian-friendly neighborhoods, convenient office, retail, entertainment, and recreation districts; mass transit alternatives to driving; good schools (public and/private); and relatively safe streets.
  • Brainpower centers-places that offer dynamic combination of colleges and universities, high paying industries-high tech, biotech, finance, and health cars (medical centers drug companies)- and government offices.” (Page 27)

Denver metro area wins points for building out its light-rail network, encouraging transit –oriented mixed-use projects around stations.” (Page 35)

So what does this mean for Miami’s future?

  • We should hold the Urban Development Boundary, this report confirms that 2 hour commutes are out of vogue.
  • Miami 21 should be implemented immediately and not delayed any further.
  • A large scale light rail system, including Baylink, is long overdue
  • If Miami wants to become a competitive city we need to diversify our economy as much as possible in order to become a brainpower center. A service economy based predominantly on tourism will not attract educated people seeking high paying jobs.

This site is protected by Comment SPAM Wiper.