The Future Aint What It Used To Be Yogi Berra Eastern Sprawl - - PowerPoint PPT Presentation
The Future Aint What It Used To Be Yogi Berra Eastern Sprawl - - PowerPoint PPT Presentation
The Future Aint What It Used To Be Yogi Berra Eastern Sprawl Western Sprawl Eastern Density Western Density 27% of New Home Buyers2of New 7 Families with Children Projected to be 24% by 2020 75% of new homes constructed
Eastern Sprawl
Western Sprawl
Eastern Density
Western Density
27% of New Home Buyers2of New 7
- Families with Children
- Projected to be 24%
by 2020
Kids and Cul-de-Sac's
75% of new homes constructed are detached single family structures
- n lots 5000 square feet or larger
61%
- Single Head of Household
- Married Couples without children
- 50 % Single Female
- Population over 55 years will grow by 50% by
2020
Vibrant Mixed-use Communities
The Crystal Ball
- Gasoline $4.00+++ per gallon
- Transit rider-ship up 16-40%
- Rapidly aging population
- Gen Y will be self-employed
- Worldwide population will peak
by 2030
- Quality over Quantity
- Time deprived
Guiding Principles- Smart Growth
- Connectivity
- Diversity
- Sustainability
Connectivity
- Connections within the
village and the region
- Links between land use
and transportation
- Sidewalks, trails and bike
paths
- Places to gather
- Village Center
Diversity
- Options for people to live, work and
play
- Variety of housing choices
- Employment mix
- Transportation options
– Commuter and light Rail, Bus Rapid Transit, Bus, Tram – New Roads to add more porosity – Bike lanes, sidewalks and walking trails
- Retail opportunities
- Civic Uses
- Mix of residents
Sustainability
- Three integral elements
- f Sustainability:
1). Social interaction 2). Economic vitality 3). Environmental stewardship
Execution
THE PROMENADE SW VILLEBOIS DRIVE SW RAVENNA LOOP SW ORLEANS AVE. SW ZURICH ST. SW TOULOUSE ST. PIAZZA VILLEBOIS SOFIA PARK PALERMO PARK S W M O N T B L A N C SW COSTA CL. SW BARBER ST.
- Develop products that actually meet market
demand
- Create quality communities that will endure
- Having a set of underlying community goals
- Strong political will + great vision and resolute
determination = Great Communities
Execution
THE PROMENADE SW VILLEBOIS DRIVE SW RAVENNA LOOP SW ORLEANS AVE. SW ZURICH ST. SW TOULOUSE ST. PIAZZA VILLEBOIS SOFIA PARK PALERMO PARK S W M O N T B L A N C SW COSTA CL. SW BARBER ST.
- Employ patient equity. Great Communities
- ften cost as much as 20-30% more than
conventional suburban development
- “Return Of” and “Return On” Equity typically
falls outside of traditional capital’s investment period.
- Vision Without Execution is nothing more than
a Hallucination
Real Estate when viewed as a Long Term Asset Class
Financial Characteristics of Downtowns with Critical Mass (Blue) versus Suburban Development (Red)
0% 50% 100% 150% 200% 250% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Time (years) Value Creation / Cash Flow ($)
Short Term Mid Term Long Term
+