Chicago TOD Strategies: Sum Of Parts Equal, Greater Than The WholeOften times when we think of the concept of transit-oriented development (TOD), it's the "development" portion of the term that gets the most focus. While transit is the impetus for the concept, just read a series of news articles regarding TOD and one comes away thinking development is the driving force, with transit being just a benefit of the neighborhood. That's not to say development isn't important, because it is critical to creating housing units, businesses, jobs and other opportunities in the neighborhood. Moreover, development has a crucial responsibility to advance transformative change in the neighborhood that enhances livability for residents, vitality of businesses and overall prosperity of the community. As described below, a successful TOD will be predicated upon the interplay of three core elements: (1) development; (2) transit; and (3) transit-friendly amenities. A development must consider more than just what's contained within its property lines. The context of…Log In to Read Full Article
Brownfield Risk and Return
Would you parachute from an airplane for fun? If not for fun, would you jump for money? Your answer to these questions is based on an unconscious balancing of risk and reward. Some people would jump just for the thrill. Others wouldn’t do it for any amount of money. That… Read more
Momentum in Mantua: A Pro-Active Approach to Brownfield Redevelopment
Many communities struggle on their own to choose the “right strategy” by which to tackle thorny brownfield sites plaguing their communities. As any savvy brownfield redeveloper knows, there is no cookie-cutter approach to producing great brownfield redevelopments. There is, however, a consistent process or template communities can follow to maximize… Read more
Does Size Really Matter?
Analyzing brownfield deals over the past five years, one trend has become very obvious — size matters when it comes to brownfield transactions. While there are a number of deals that substantiate this trend, a few examples immediately come to mind with total investment based on complete build-out estimated to… Read more