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May 20, 2021

'We've Got Plans All Over The Place' — Houston Is Growing Without A Comprehensive Road Map

[Digital Summit] Will life sciences follow in healthcare’s footsteps to bring major economic growth to Houston? Find out May 27

The greater Houston area is expected to grow by millions of people in the next decade and a half, creating more need for housing, infrastructure and services. 

Efforts to address the projected growth have resulted in a patchwork of initiatives aiming to improve walkability, transit and quality of life, but experts say that the city still lacks a big-picture plan that can weave it all together.

“Zoning is not the problem. Everybody talks about zoning. The problem is, we don't have a plan,” University of Houston Professor of Architecture Bruce Race said.

'We've Got Plans All Over The Place' — Houston Is Growing Without A Comprehensive Road Map

The city of Houston’s population was about 2.3 million people in 2020, according to estimates by the U.S. Census Bureau. The city itself encompasses around 670 square miles, making it markedly less dense than other major U.S. cities.The broader 

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The Hospitality Industry Is On Its Way Back, And Investors Are Returning As Well

The coronavirus pandemic put much of the economy on ice in 2020, especially the hospitality industry, but this year a thaw began, and investors are ready to start buying hotels again.

The Hunter Hotel Investment Conference was held last week in Atlanta, attracting more than 1,100 participants, according to NewcrestImage CEO and Chairman Mehul Patel. And the mood was buoyant.

“They were all looking for investment opportunities,” he said.

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The Innovators: Placer.ai

 

Artificial intelligence is transforming commercial real estate, and Placer.ai, a startup founded in 2019 that secured $50M Series B funding in April, is part of that wave. 

The company provides insights about consumer foot traffic for frequently visited places like retail stores by using mobility data harvested from aggregated cellphone signals, on devices many people carry when shopping or running errands. 

Only two years old, Placer.ai's client roster includes Boston Properties, Tishman Speyer, Regency Centers, Planet Fitness and Macerich, and the company is providing a window into people’s movements in the built environment previously unseen before AI’s advancement. 

“The idea is to be able to research anything you can draw a polygon around,” Placer.ai CEO and co-founder Noam Ben-Zvi said.

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