Development Magazine Spring 2010

Development - Ownership

vertical farm

First Look - Buildings That Grow Food 

Given the current economy, adaptive reuse of existing buildings is the new darling. Some older properties are refreshed with small retailers looking to save money, some become art galleries for starving artists, still others are just remade into more modern space. But there’s another, less common use – growing food.

auto charging station with car

First Look - Charge It Up 

With the anticipated arrival of the Chevy Volt in late 2010 and Nissan Leaf in 2012, parking garages there are gearing up for electric cars. Two or three years from now, competition could ensue from parking garages that provide charging stations and those that do not.

exterior of Eldridge Oaks

Eldridge Oaks - Taking Advantage of Site Constraints 

Transwestern wanted to take advantage of tightening office market conditions in Houston’s Energy Corridor and began searching for a development site in late 2006. In order to execute the development plan, the company needed a site that was suitable for a Class A office project that would be attractive to large, corporate users prevalent in the area.

130 Bloor Street in Canada

For Successful Adaptive Reuse, Find a Structure with ‘Good Bones’ 

Developers of successful adaptive reuse projects have a knack for finding creative solutions to transform aging structures to new, fresh uses in an exciting way. But according to architect Brian Curtner, those creative solutions are usually not a blinding flash of brilliance but depend on a careful analysis of the old buildings to fully appreciate their pluses and minuses.

Mound Advanced Technology Center

Mound Advanced Technology Center - An Innovation Driver 

Across the country there are high-stakes redevelopment projects mired in complicated issues, multi-faceted challenges and staggering complexity. And then there’s Mound Advanced Technology Center, a decommissioned DOE nuclear weapons facility located in the geographic center of Miamisburg, Ohio. It took a determined community with strong political leadership to prevent Mound from becoming a 306-acre brownfield with 2,500 jobs lost and gates permanently padlocked against future use.

view of a solar roof through the common area

Strategically Green: Solar's Sweet Spot 

The solar energy industry is currently in a “sweet spot,” created primarily by the combination of low material costs and relatively high financial incentives. This creates a unique opportunity for developers to increase the scope of their projects while adding significant value. There are several reasons why now is a great time to go solar.

El Bajio Industrial Park in Mexico

Expanding Markets: The Face of Sustainability in Mexico 

The occupancy of industrial parks in Mexico is closely linked to the U.S. economy, since the United States is by far Mexico’s most important partner in trade and investment. During 2009, the U.S. economy registered practically no growth, with an unemployment rate of 10 percent. This economic performance was reflected in Mexico’s Foreign Direct Investment inflows (FDI).

Wolverhampton high rise building in the UK

First Look - The Skyscraper's New Look 

A less costly, faster and greener way of building is getting increased attention from developers and investors in these economic times. According to the Modular Building Institute, the five billion dollar industry is poised to grow as economic pressures spur developers to trim costs.

night view of PNC Plaza in Pittsburgh

Three PNC Plaza - A Catalyst for Downtown Renaissance 

Just over 100 years ago, Pittsburgh was on the eve of a major transformation. The city’s famous steel industry was just finding its footing and by the early 1900s, Pittsburgh was a bustling metropolis with a lucrative manufacturing base. This strength lasted until the steel industry collapsed in the 1970s, leaving the city with a dramatically reduced population and a struggling economy. While the economy of the city has been able to rebound, much of the new development has occurred outside of the downtown area.

From the Archives: Development Ownership Articles from the Previous Issue

Sustainable Development Award

ProLogis and Forest City Covington Named 2009 Sustainable Development Award Winners 

ProLogis and Forest City Covington have been recognized as Sustainable Development Award winners, an annual honor given by NAIOP. Both companies were honored during NAIOP’s October meeting, Development ’09: The Annual Meeting for Commercial Real Estate, in Chicago.

Cool Springs V office building

Highwoods Properties: The People, the Plan, the Balance Sheet 

For Highwoods' success in adapting to changing market conditions, its quality of products and services, social consciousness, leadership in the real estate and general business communities and commitment and involvement in NAIOP, Highwoods has been selected as the Developer of the Year for 2009.