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Why? Just build more. Population growth is good for cities. Immigration is good for cities. Globalization is good for cities. It isn't foreign buyers driving prices up--it is insufficient construction.
A lot of foreign buyers of luxury downtown condos just keep them empty and in their investment portfolios.
Why? Just build more. Population growth is good for cities. Immigration is good for cities. Globalization is good for cities. It isn't foreign buyers driving prices up--it is insufficient construction.
Yes. Most people don't seem to understand that lack of supply is the real issue. Keep building, and prices won't rise as much.
Dallas, Texas is about to become one of the greenest cities in America – by building one of the country’s largest urban nature parks. Dallas’ new “Nature District” will comprise a staggering 10,000 acres, including 7,000 acres of the Great Trinity Forest. The Trinity River Park designed by Michael Van Valkenburgh Associates could revitalize a Dallas floodplain into a lush green recreation space.
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The Trinity River Park will provide visitors with access to playgrounds, lawns, and riverside trails. The design aims to enhance the natural beauty of the area while minimizing flooding damage in Dallas. Michael Van Valkenburgh Associates said they worked with government engineers to ensure the infrastructural soundness of the floodplain so that the park transforms flooding “from a natural disaster into a breathtaking spectacle.”
Related: Atlanta’s elevated Buckhead Park will connect a city separated by highways
1,000 additional acres of the Great Trinity Forest have already been developed into a golf club, the Texas Horse Park, and the Trinity River Audubon Center
Yes. Most people don't seem to understand that lack of supply is the real issue. Keep building, and prices won't rise as much.
Problem is when too many cities are building too much, it drives up construction costs then labor supply becomes limited so the construction costs naturally limit construction anyway.
Regardless, from what I'm reading, the luxury apartment market is slowing down anyway this year. They project the supply will be greater than demand this year which will signficantly slow down rent growth in many US cities.
The biggest problem is the lack of "middle urban housing" in cities where a 1 bedroom may only costs you 1k a month. I guess the construction costs and high land values make it unfeasible to build this type of housing in urban centers like they did in the early 1900s which is what allow cities back then to urbanize and grow so fast.
Only building luxury housing means cities can only grow so much because only a certain percentage of the US population can afford the housing. Eventually, it's going to have to slow down because there's a limited pool of high end renters whereas there's almost an endless pool of middle end renters. This means builders end up having to build garden apartments in suburbs which sucks or even single family homes.
Yes. Most people don't seem to understand that lack of supply is the real issue. Keep building, and prices won't rise as much.
That doesn't help residents of the city if a large part of the market demand is from wealthy investors living abroad who basically drive a lot of new construction and then leave it empty for the most part. Sure, you can ostensibly create enough supply eventually that will satisfy the global investments, but that's a lot of supply to make before it stops getting screwy for the local resident.
Dallas, Texas is about to become one of the greenest cities in America – by building one of the country’s largest urban nature parks. Dallas’ new “Nature District” will comprise a staggering 10,000 acres, including 7,000 acres of the Great Trinity Forest. The Trinity River Park designed by Michael Van Valkenburgh Associates could revitalize a Dallas floodplain into a lush green recreation space.
Trinity River Park, Trinity River Park by Michael Van Valkenburgh Associates, Michael Van Valkenburgh Associates, Michael Van Valkenburgh, Dallas, Texas, urban park, urban nature park, nature park, park, Dallas park, Trinity Strand Trail, Trinity River, Trinity River Corridor
The Trinity River Park will provide visitors with access to playgrounds, lawns, and riverside trails. The design aims to enhance the natural beauty of the area while minimizing flooding damage in Dallas. Michael Van Valkenburgh Associates said they worked with government engineers to ensure the infrastructural soundness of the floodplain so that the park transforms flooding “from a natural disaster into a breathtaking spectacle.”
Related: Atlanta’s elevated Buckhead Park will connect a city separated by highways
1,000 additional acres of the Great Trinity Forest have already been developed into a golf club, the Texas Horse Park, and the Trinity River Audubon Center
This sounds more like a State Park and forest in size then a in-city Park? But then guess everything is Bigger in Texas? Even a new city Park. Most larger city Parks are 1000-2000 acre size to manage. Some have zoos, lakes, lagoons to forest and made to be used. I saw no slideshow on my phone.
I can understand preserving a forest in Texas and if in a flood plain too. It's a win win. But then Dallas will have to maintain and protect it, to having Park employees. Sounds awesome, but is it to become something for tourist with attractions? To become a money maker for the city?
If much of the area is prone to flooding? It will need restoration in maintenance? But still sounds and looks great. Just such size really cuts the city? But it is there already just getting a major make-over.
If the stitch in Atlanta goes through, then it probably be one of the biggest projects in the entire nation in the next 2 years. Plus plans for another 1,000 footer (though it seems that it will be more around 900-950 ft, but we'll see) are underway.
Wait what? There's a 1k footer in the works in Atlanta? I mean, I know of Opus Place which is a 920 foot residential tower planned in Midtown, but didn't know there was a supertall behind the scenes.
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