The 2016 LOCUS Leadership Summit featured an exceptional lineup of real estate developers, investors, local elected officials, and transportation professionals, who came together to discuss a range of topics affecting walkable, urban communities.
The Summit’s speakers talked about cutting-edge ideas for the next American century, the future of investing, 21st century mobility opportunities, and more. If you are interested in a recap of what got discussed, all of this year’s presentations are below.
The 2016 LOCUS National Leadership Summit took place last week at the Algonquin Club of Boston, MA, bringing together the nation’s leading real estate developers, investors, and local elected officials from around the country. Participants shared ideas, created new business deals, discussed smart growth issues, and prepared themselves for the future of smart growth development.
There are 619 regionally significant, walkable urban places (or “WalkUPs”) in the nation’s 30 largest metro areas.
Foot Traffic Ahead 2016, released today by LOCUS in conjunction with the Center for Real Estate and Urban Analysis at the George Washington University School of Business, looked at all of them.
The new report ranks the country’s 30 largest metropolitan areas based on the amount of commercial and multi-family rental development in WalkUPs, and uses a series of forward-looking metrics to predict how walkable their future development might be. The research also uses social equity metrics like housing costs, transportation costs, and access to jobs to understand the relationship between walkability and social equity.
The research found that walkable urban market share growth in office and multi-family rental increased in all 30 metro areas between 2010-2015, while drivable sub-urban locations have lost market share.
Not surprisingly, New York City, Washington DC, Boston, Chicago, San Francisco, and Seattle ranked at the top of current areas for walkable urbanism. But the research points to other cities including Phoenix, Los Angeles, and metro Detroit as best-positioned for future growth of walkability given current efforts in those the communities.
Download the full report to see the full rankings, including which metros are getting the most out of their current development, which have the greatest momentum, and which rank the highest for social equity.
The 2016 LOCUS Leadership Summit will bring together smart growth real estate developers and investors from across the country in just less three weeks in Boston. The event will feature three walking tours around the Boston metropolitan area showcasing neighborhoods transformed by investments in infrastructure—and you’re invited to join us.
One Greenway restored the urban fabric and vibrancy of Chinatown’s Hudson Street neighborhood in downtown Boston after it was destroyed in the 1950’s. The mixed-use, sustainable housing development includes 363 units within walking distance of public transportation, neighborhood retail, and community space. Janelle Chan, Executive Director of the Asian Community Development Corporation, will lead this walking tour on June 14th at 2:00 PM.
With over 500,000 square feet of retail space, 2,100 residential units, and 1.75M square feet of office, Assembly Row is an urban mixed-use development designed to compliment the legacy of Boston. Don Briggs, Executive Vice President of Development at Federal Realty Investment Trust, will lead this tour on June 15th at 4:00 PM.
In 2012, the redevelopment of Union Square, Somerville’s oldest commercial district, began with the Union Square Revitalization Plan. The first phase of the 20-year plan will produce new Green line transit stations at Union Square and Washington Street. Greg Karczewski, President of Union Square Station Associates, will lead this tour immediately following the Assembly Row tour.
For the past four years, LOCUS has presented our annual LOCUS Leadership Awards to developers and investors who have demonstrated exemplary commitment to public leadership, smart growth development, and furthering our mission of advocating for sustainable, walkable urban development.
We received an unprecedented number of nominations this year, and our decision was no easy task. After careful consideration, we are pleased to announce the following winners of the 2016 LOCUS Leadership Awards.
Across the country, demand is growing for walkable neighborhoods. Which cities are well-positioned to meet that demand, and which will miss the boat?
We asked these questions two years ago in Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros. That report, released in conjunction with the Center for Real Estate and Urban Analysis at the George Washington University School of Business, outlined which of the country’s metro areas are the most walkable today and which have the most potential to be walkable in the future.
Next month we’re going to revisit these questions and provide updated analysis in Foot Traffic Ahead 2016. Coming out on June 14, this brand new research will provide unparalleled insights into current and future smart growth development, including the latest rankings of the top 30 walkable urban places (or “WalkUPs”) in the nation’s largest metro areas based on their current and future commercial real estate metrics. Sign up to get your copy when the report comes out next month:
The 2016 LOCUS National Leadership Summit, taking place June 13-15, 2016 in Boston, will bring together responsible real estate developers and investors from across the country to meet, connect with, and learn from one another. Some of the nation’s leading experts in walkable urban real estate development will be leading the conversations, and now, LOCUS is excited to introduce the full lineup of speakers who will be featured at this year’s Summit.
Street-level stores with apartments above them, like these along Main Street in Ossining, NY, are one example of the type of development current federal regulations restrict.
A growing number of Americans wanting to live in walkable, mixed-use neighborhoods—but arcane federal rules make it unnecessarily difficult to build this type of development. A recent study by the Regional Plan Association, released in partnership with LOCUS: Responsible Real Estate Developers and Investors, highlights how—and what lawmakers can do to change it.
2016 federal appropriations bill increases funding for transportation, housing, and urban development
On December 18, President Obama signed into law a $1.1 trillion omnibus appropriations bill that will fund the federal government until September 30, 2016. This funding will support many federal programs that build more equitable, healthy, and sustainable communities nationwide. …