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In Miami, TOD stands for trail-oriented development, as a newly designated linear urban park is spurring building along its path.
Ludlam Park, a corridor that had been intended for railway operations but went unused, was designated public space last year. Developers are now jumping ahead with projects — but meeting some resistance along the way.
The 6.2-mile linear park will run between Dadeland Mall and Miami International Airport, near 69th Avenue. Henry Flagler’s Florida East Coast Railway had initially staked out the property decades ago. But as it went unused, a coalition called Friends of Ludlam Trail, largely made up of bike and pedestrian advocates,…
Read the full story here.
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Top Stories on Bisnow.com
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Thursday Is Bring A Girl To CRE Day
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According to the Commercial Real Estate Women Network — a group founded in 1989 that now has some 12,000 members — only 35% of CRE professionals are female. The group aims to boost that figure by organizing "Bring a Girl to CRE Day" this Thursday, April 25. It's the same… Read Full Story
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As Fund Managers Wait For New OZ Rules, An Industrial Park In Martin County Sits Ready To Go
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Florida Commerce Park |
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Across the country, hundreds of thousands of properties fall within the 8,700 census tracts designated as opportunity zones , but most projects have years of preparation to do before they can capitalize on the program's full tax advantages.
However, a small fraction of OZ projects are set to launch and benefit investors right now, because they… Read Full Story
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'Upscale Co-Living' Will Occupy 6 Floors At Gables Station
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Upscale co-living might sound like an oxymoron, but Ollie has tested the concept in Long Island City and Manhattan, and is bringing it to Coral Gables, where it is filling space in an ambitious new mixed-use, transit-oriented development project.
The company touts an “all-inclusive living experience” that combines furnished… Read Full Story
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Without Resiliency, Your Building Might Get Wrecked
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As climate change seemingly spawns more violent conditions , strategies to build more resilient properties are gaining traction. Resiliency, the effort to keep the environment from impacting buildings and communities, is starting to pop up in initial design as well as in retrofits after a disaster. "To counter the risk from extreme climate events, developers have two choices — move to higher, more temperate ground or build for climate resilience," Paladino and Co. Division Leader Kim Pexton said. Read the full story here.
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PODCAST: Listen To Bisnow's 'Let's Have A Drink' NYC: Knotel CEO Amol Sarva
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Bisnow has a new podcast series, "Let’s Have A Drink," where we sit down with the personalities who shape New York City real estate — the most cutthroat, challenging and thrilling market in the world. Hosted by Bisnow reporter Miriam Hall, we examine the deals, the disappointments and, of course, drinks of choice. You can listen on iTunes and Spotify. In our fifth episode, we sit down with flexible workspace provider Knotel's co-founder, Amol Sarva, at Gather, a Knotel location in Chelsea. We talk about creating diversity in top management, building a company from scratch and why Knotel’s focus is on large companies. “The biggest companies in the world are way bigger today than they were 10 years ago, or 20 years ago — because technology and globalization has been making them bigger,” he said. “So the economy is increasingly concentrated with people working in giant companies. And yet [many coworking companies] are building a business that's designed for the two-person dog walking outfit.” Read the full story here.
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The World’s Second Biggest Retail Owner Is Kicking Tenants Out
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Legendary GE Chief Executive Jack Welch used to fire the worst-performing 10% of his workforce, a policy that big corporates like Amazon follow to this day. The world’s second largest retail owner does the same with underperforming tenants.
At Bisnow London’s Retail: An Industry In Flux event, Unibail-Rodamco-Westfield Chief Financial Officer Jaap Tonckens explained how, as counterintuitive as it might seem in a world where retailers are closing stores at an unprecedented rate, the landlord is looking to cull retailers that don’t add anything to its centres. Read the full story here.
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In Active-Shooter Events, Building Managers And Owners Are The Predominant Legal Targets
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Over a span of two decades, close to 1,000 people have lost their lives in active-shooter or aggressor events inside schools, buildings, parks and other public areas. While the shooters face criminal charges, they aren’t the ones landing in civil court to cover damages. Defendant X in much of the high-stakes litigation after live shootings is the property owner or building manager where the crime took place. Because of the frequency of litigation and changing attitudes toward shootings, building owners are more frequently being tasked with not only trying to prevent attacks, but also covering the legal and financial risks before anyone fires the first shot. Read the full story here.
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