Re-inventing Communities: The Power of Community when Empowered

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Information about Re-inventing Communities: The Power of Community when Empowered
Real Estate

Published on July 23, 2014

Author: renaissancedowntowns

Source: slideshare.net

Description

Renaissance Downtowns June 2014 presentation on how *triple-bottom-line real estate development and crowdsourced placemaking result in downtown revitalization.

*economically, socially and environmentally beneficial.

years 35 80completed projects

Glen Isle Mixed-Use Development

Bristol, Connecticut

Hempstead, Long Island

Huntington Station, Long Island

Supply

0 22.5 45 67.5 90 Long Island U.S. Westchester Multi-Family Single-Family

Long Island Rockville Centre Great Neck Garden City 0 7.5 15 22.5 30 % multi-family residential

Demand

Million Boomers Million Millennials 78 80

0 12.5 25 37.5 50 1980 Today 10 Years Growth of the Creative Class

11 U.S. population to double by 2050 with 2/3 in urban nodes in suburbia

0 7.5 15 22.5 30 3 % demand30 % supply 2 Downtown Living

% of Millennials 77 image of walkUP blend in

% of 18-34 year olds 60 still live with their parents

% 40 Values

2 Walkable Urban PlaceU PWalk

2 UPWalk

0 55 110 165 220 3 WalkUP Car-Oriented Average rent

0 12.5 25 37.5 50 1990s 2000s 2010s WalkUP Market Share

0 22.5 45 67.5 90 1990s 2000s 2010s % WalkUP as rentals

40% 60% 99% 1% Income Developed Land

Here is how the development model works... Process Plan

Glen Cove: $140 Million in Funding

Unified Development Approach Partners Process

isolated impact isolated impact isolated impact isolated impact isolated impact

isolated impact isolated impact isolated impact isolated impact isolated impact

collective impact

Partners

Process

Use-Based Zoning Design Guidelines Form-Based Code

Doing the same thing expecting a different result is defined as…

We go nowhere without public support

2 Crowdsourced Placemaking

Crowdsourced Placemaking

Crowdsourced Placemaking

Crowdsourced Placemaking

Influence/$ People ranked by influence Crowd Decision Makers

0 75 150 225 Piazza Arts Center River Walk Deadline Goal

75 150 225 Piazza Arts Center River Walk Deadline Goal

0 750 1500 2250 3000

0 750 1500 2250 3000

Bristol Rising, CT

Pop-Up Piazza Festival

Barley Vine Gastropub

Firefly Hollow Brewing

People's Marketplace Bravo

Bristol, CT: 7-0 Unanimous Vote

Source the Station, Long Island

3 Members 1400 Ideas for Places/Businesses 200 Likes 6000

5-0 Bi-Partisan Vote of Approval

Renew Hempstead, Long Island

construction job years12,000 5000permanent full-time jobs 25 1 annual economic benefits infrastructure grants 39 annual tax revenue $ million $ billion $ million

1

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