Last week I questioned whether or not there truly is the ‘pent-up demand’ for so-called ‘urban lifestyle projects.’ Just so happens to this morning I heard this NPR story making the case that there is indeed such pent-up demand. Audio isn’t available until 12p, but here’s a sample of guest Christopher Leinberger’s work:
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There is pent-up market demand for the alternative to drivable sub-urbanism that is readily apparent and we in real estate are re-tooling how we design, plan, regulate and finance to serve these markets. There has been much accomplished in this regard over the past decade, led by real estate developers, political and civic leaders, organizations such as Urban Land Institute, Congress of the New Urbanism, Smart Growth America and my home organizations, the University of Michigan, Brookings Institution, Arcadia Land Company and LOCUS.
Working with many like-minded people and institutions, we are all formulating and implementing the next American Dream.