Metros seeing the largest boom in construction, 2014-2015 (live, population, Atlanta)
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It's really going to be interesting to see what Boston looks like come the end of 2017/early 2018 once a lot of the big projects are done. Millennium Tower, Four Seasons Tower, the Garden Towers, Copley Square Tower, etc. Projects are going on all over the city, South Boston, Fenway, Back Back, DTX, South End, Seaport, etc.
I feel like most US cities, both large and small, have a lot going on. Times are good right now for almost everyone.
Agree 100% with the bolded part, Urban living is getting very popular again.
As far as Boston is concerned, I would love to see a skyline rendering with all the major projects either under construction or approved once built. The following will change the skyline considerably:
Four Seasons Tower: 700 feet (Under construction)
Millennium Tower: 685 feet (Under construction)
Avalon North Station: 415 feet (Under construction)
Copley Place Tower: 625 feet (Groundbreaking Fall 2015, foundation work already started)
TD Garden Towers: 600 feet (Ground breaking Winter 2015)
Government Center Garage Towers: 580 feet (Expected Groundbreaking Winter 2015)
Winthrop Street Garage Tower: 780 feet (Under review)
South Station Tower: 621 feet (Approved, no word on groundbreaking)
Harbor Garage Tower: 600 feet (Under review)
Plus an areal rendering with all the smaller mid rise stuff would be cool also.
Wow at Denver and Austin. They have a lot of projects for their metro sizes. Tampa, Baltimore, and Denver metros are almost equal in population but Denver has twice as much building going on.
Miami is beating out cities much bigger, such as Chicago and Los Angeles.
Phoenix and Philadelphia are under performing. Many metros half their size are building just as many projects.
Wow at Denver and Austin. They have a lot of projects for their metro sizes. Tampa, Baltimore, and Denver metros are almost equal in population but Denver has twice as much building going on.
Miami is beating out cities much bigger, such as Chicago and Los Angeles.
Phoenix and Philadelphia are under performing. Many metros half their size are building just as many projects.
Phoenix hasn't fully recovered from the recession. During that time they overbuilt, especially single and multifamily residential, and retail. Philadelphia hasn't seen a boom in many years, and probably won't for a while. However, Philadelphia is experiencing much more gentrification than Phoenix. New businesses are attracted to Philadelphia's urban environment, diverse cultural attractions, and down to earth vibe compared to larger cities. Phoenix is a nice place in my opinion, but it needs some help in the urban department.
Phoenix hasn't fully recovered from the recession. During that time they overbuilt, especially single and multifamily residential, and retail. Philadelphia hasn't seen a boom in many years, and probably won't for a while. However, Philadelphia is experiencing much more gentrification than Phoenix. New businesses are attracted to Philadelphia's urban environment, diverse cultural attractions, and down to earth vibe compared to larger cities. Phoenix is a nice place in my opinion, but it needs some help in the urban department.
Ehhh, the city of Philadelphia is definitely arguably booming. The numbers posted in the OP are metro #'s, not just city numbers. The Philly metro area is under-performing but the city is seeing a ton of construction.
Wow at Denver and Austin. They have a lot of projects for their metro sizes. Tampa, Baltimore, and Denver metros are almost equal in population but Denver has twice as much building going on.
Miami is beating out cities much bigger, such as Chicago and Los Angeles.
Phoenix and Philadelphia are under performing. Many metros half their size are building just as many projects.
Miami the city proper currently has 15 skyscrapers under construction over 500+ feet. I think that $2.9 Billion for the metro is too low. The entire metro is exploding with highrises.
Location: East Central Pennsylvania/ Chicago for 6yrs.
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I think it should be noted that the list outside of NYC. Boosted by the worlds wealthy investment AS the WORLD'S CITY. The rest of the TOP performers are SUNBELT CITIES. Severe winters in the Midwest and East, certainly helped TH continued exodus to the Sunbelt and even mild pacific Northeast.
Northern cities were hit hard by the CRASH and cities like Phoenix and Las Vegas that were hugely overbuilt. Cities In boom cycles when the crash happened. More recently rebounded. But Northern cities are not over-speculating again in building booms as before. Also most Northern cities have most improvement in their cores.
It is those from the North, UPPER-Midwest and East moving south that fuel the need for housing In the sunbelt. Miami is also like NYC fueled further by international wealthy investment. Other cities in the North get far less of.
Cities like Chicago WERE in a BOOM Downtown when the Crash hit cancelling 3 SuperTalls alone. One started was to be 2000ft. It has rebounded last few years. But not quite pre-crash levels. Gentrification though continues of Young Urban Professionals.
But given the Core expansion in Many Northern cities. Chicago, Philadelphia, DC and Boston. Their CORES ALONE can be called in degrees of booming again. Surely EXPANSION. Just not on Sunbelt and mild winter weather cities.
A lot of older Northern cities investment is in rehabbing existing housing into fully upgraded Real Estate in Gentrification. Even re-use of Their core areas older stock.... along with new.
Not sure how much rehab gentrification is added in as new construction numbers??
Gentrification will serve these cities well and save many of them.
I think it should be noted that the list outside of NYC. Boosted by the worlds wealthy investment AS the WORLD'S CITY. The rest of the TOP performers are SUNBELT CITIES. Severe winters in the Midwest and East, certainly helped TH continued exodus to the Sunbelt and even mild pacific Northeast.
Northern cities were hit hard by the CRASH...
Boston is...
a) Not NYC
b) Northern
....and
c) Doing very well right now
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