on Across the nation, housing insecurity is one of the most critical issues cities are facing. The National Low Income Housing Coalition found in 2020 that full-time minimum wage workers cannot afford a two-bedroom market-rate rental anywhere in the US. At the current market rate average, minimum wage workers would need 97 hours per week to… Continue Reading Brownfield Redevelopment & Affordable Housing – A Unique Opportunity
on We are pleased to present a ULI case study of the redevelopment of the historic Hahne & Co. building in Newark, New Jersey. This is the first in a series of case studies and briefs jointly created by ULI and Cornell University’s Baker Program in Real Estate. The Baker Program is honored to collaborate with… Continue Reading Hahne & Co.: Cornell Real Estate Review’s First Collaborative ULI Case Study
on Come 2019, millennials are projected to overtake baby boomers as the nation’s largest generation (Fry, 2018). It is imperative to understand how this shift will drive transformation of the built environment in the near future. Key among millennials preferences, is that of a live-work-play triad characterized as a flexible lifestyle that is experiential in nature… Continue Reading The Rise of an Urban-Suburban
on This week, the Baker program in Real Estate welcomed back an alumna, Julie Romey (Class of 1999), for its Distinguished Speaker Series. Julie is the Senior Principal at Keyser Marston Associates, Inc., and specializes in Affordable Housing Strategies, Programs, and Transactions. Over the last two decades, she has built an expertise in the New Market… Continue Reading DSS Wrap-up: Julie Romey (Baker ’99), Senior Principal, Keyser Marston Associates, Inc.
on Real estate development occurring in the public domain often must grapple with the complicated perspectives of a variety of stakeholders. Practitioners must therefore be adept at addressing divergent values and priorities prudently and delivering results while simultaneously managing expectations. This article will examine one such recent scenario in the capital city of India. Indeed, over… Continue Reading “Wicked” Problems and Real Estate Development
on Mumbai is India’s financial and commercial capital, home to over 18.5 million people packed into just over 233 square miles (603 square kilometers).[1] India has seen incredible growth in its GDP since the economic reforms of 1991, with economic growth often above 9% annually over the past 27 years.[2] Because of this massive growth, Mumbai… Continue Reading Dharavi: When a Slum becomes a Goldmine (6 mins)
on The importance of rivers is pervasive in urban history. Rivers initially provided humans with a source of food (fish) and fresh water, but most importantly allowed for agriculture which provided for the growth of substantial urban populations. In the United States, the major growth of cities took place during a global period of rapid industrialization,… Continue Reading Taking Back the Riverfront in America’s Largest Cities
on As driverless cars begin to hit the market and ride share services such as Uber and Lyft continue to thrive in the majority of US cities, developers are beginning to reconsider the parking lot landscape in the multifamily, office, and retail arenas. This shift can be seen even more in retail, however, due to its… Continue Reading Creative Reuse: How Developers Can Take Advantage of Excess Retail Parking Space