Catalytic Development Jane Jacobs: Two models of urban development - - PowerPoint PPT Presentation

catalytic development jane jacobs two models of urban
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Catalytic Development Jane Jacobs: Two models of urban development - - PowerPoint PPT Presentation

Catalytic Development Jane Jacobs: Two models of urban development gradual money cataclysmic money Complex Monolithic Diverse Institutional Incremental Sudden Inclusive Eminent domain Pre-WWII Urban


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SLIDE 1

Catalytic Development

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Jane Jacobs: Two models of urban development “gradual money”

  • Complex
  • Diverse
  • Incremental
  • Inclusive

“cataclysmic money”

  • Monolithic
  • Institutional
  • Sudden
  • Eminent domain
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SLIDE 3

Pre-WWII Urban

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Post-WWII Sub-urban

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SLIDE 6
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SLIDE 7
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SLIDE 8

Employment

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SLIDE 9

Patient Equity

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Integration

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Downtown Detroit Bedrock Detroit

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Between 2010 and 2015:

Residential vacancy 10.4%

*While increasing in Wayne County as a whole by 11.4% in the same time period

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Between 2010 and 2015:

Office vacancy 6.5%

*<1% difference between downtown Detroit and Wayne County by 2015

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SLIDE 15

Downtown Chattanooga

River City Company

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Between 1990 and 2015:

Residential population 53%

*Hamilton County grew 22% in the same time period

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Between 2007 and 2016:

Retail vacancy 8%

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SLIDE 18

Between 2007 and 2016:

Retail rents 72%

*Average retail rent per square foot in Hamilton County fell during the same time period

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Downtown Cincinnati

Cincinnati Center City Development Corporation

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Between 2000 and 2015:

Median for- sale home $ 319%

*While increasing in Hamilton County as a whole by 27% in the same time period

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Between 2000 and 2015:

Retail rent Per sq. ft. 107%

*Now outperforming average retail rents in Hamilton County by 37%

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South Lake Union Vulcan Inc

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Between 2000 and 2015:

Residential density 92%

*While increasing in King County as a whole by 18% in the same time period

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Between 2000 and 2015:

10 million

  • sq. ft. of

new office

*This is 29% of all of the inventory added in all of King County during this time period

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Cambridge

Forest City

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Between 1980 and 2010:

884 units 25 p/acre 22% affordable

*The Boston, Cambridge, and Somerville area average density is only 12 p/acre; Local inclusionary zoning requires 20% FAR for affordable units

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Between 1980 and 2010:

1.7 million

  • sq. ft. of

commercial

*Two of the top 10 payers of personal property tax in Cambridge are UP tenants; $11 million in property tax revenue/year = >$400K/acre, citywide average is <$90K/acre

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Downtown Phoenix

Arizona State University

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Between 2000 and 2010:

Downtown Phoenix 9%

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Between 2010 and 2015:

Downtown Phoenix 17%

*The equivalent of 6% growth from 2000 baseline

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Between 2006 and 2016:

Commercial Rents 27%

*Commercial rents declined in Maricopa County as a whole in the same time period

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Panel Discussion

  • 1. “Down and out”
  • 2. Mission-driven
  • 3. Inclusive vision
  • 4. Leveraging assets
  • 5. Land control
  • 6. Phasing
  • 7. Quality
  • 8. Public sector co-investor
  • 9. Foster opportunity

10.Be mobility advocates 11.Doing well while doing good 12.Place management