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Urban sustainability has become a political and social agenda of global significance, of which real estate is an integral dimension. Sustainable urban development includes much more than ‘green building’ standards, yet in practice, other aspects such land use plans and locations are often overlooked. This book demonstrates that the issue of sustainable development stretches far beyond the hitherto dominating agenda based on ‘green’ (i.e. environmentally and ecologically sustainable) buildings. In doing so, it presents a novel framework based on the concept of economic sustainability of real estate locations, drawing connections with the global financial crisis and housing price bubble discourse. It argues for the need to better integrate social, cultural and economic dimensions into the real estate sustainability agenda. It also explores the role of location, and especially the image aspect therein. Trends in consumer choice are important to the way these dimensions are appreciated in decisions about investment, development, valuation and other activities of the production, consumption and governance of the built environment. This book will be of interest to private and public sector practitioners of real estate valuation as well as scholars of urban studies, geography, economics, urban planning and environmental studies.
This edited collection broadens the definition of sustainable real estate based on industry trends, research, and the Paris Climate Agreements. Discussions encompass existing and new buildings throughout their life cycle, the financing of their development and operations, and their impact on the surrounding environments and communities. This broader perspective provides a better understanding of the interconnected nature of the environmental, societal, communal, political, and financial issues affecting sustainable real estate, revealing the wide-ranging impact of practitioners' decisions on the sustainable real estate system. Bringing together carefully selected articles from leading global academic and practitioner experts from urban planning, design, construction, and finance, this collection brings to light new opportunities and innovative transdisciplinary solutions to as-yet unresolved problems.
This book is a comprehensive treatment of the twin processes of planning and development and is the only book to bring the two fields together in a single text.
Sustainable Real Estate in the Developing World offers a perfect and ideal synthesis of works that examine sustainability within various facets of real estate and urban development in the developing world. A must-read for academics, researchers, policy-makers and students in all the built environment disciplines.
The role of real estate in our cities is crucial to building sustainable and resilient urban futures. Smart Urban Regeneration brings together institutional, planning and real estate insights into an innovative regeneration framework for academics, students and property professionals. Starting by identifying key urban issues within the historical urban and planning backdrop, the book goes on to explore future visions, the role of institutions and key mechanisms for smart urban regeneration. Throughout the book, international case studies and discussion questions help to draw out global implications for urban stakeholders. Real estate professionals face a real challenge to build visionary developments which resonate locally yet mitigate climate change and curb sprawl, and foster biodiversity. By avoiding the dangers of speculative excess on one side and complacency on the other, Smart Urban Regeneration shows how transformation aspirations can be achieved sustainably. Academics, students and professionals who are involved in real estate, urban planning, property investment, community development and sustainability will find this book an essential guide to smart urban regeneration investment.
The book reflects on how intelligent urban regeneration can be an extraordinary driver of sustainable social and economic progress. It provides a friendly, evergreen and flexible thinking methodology that can serve as a reference guide to address a wide range of initiatives creating the conditions to thrive in an increasingly selective, rapidly changing and unpredictable market context. The book throws light on the importance of adopting an open approach based on collaboration, crafting strong visions, developing appealing value propositions, embracing a modern leadership style and setting-up highly effective multi-disciplinary team for the execution. It illustrates how standard approaches should be re-designed, business models innovated and processes re-engineered to guarantee better alignment between supply and demand of real estate as markets shift and new differentiators emerge among competitors. The book makes clear that creating a vibrant urban ecosystem requires a gradual shift of focus from built-environment investment to socio-economic output. It targets a wide audience of private and public sector professionals active in urban regeneration and real estate development.
Advance Praise for Dynamic Urban Design “Finally, in one book a complete guide to the theory, practice, and potential of urban design by one of Canada’s preeminent urban designers.” —David R. Witty, former dean, School of Architecture, University of Manitoba, Canada “Michael von Hausen has given us a clear and hopeful path to the creation of a sustainable urbanism, one that will be inspiring and instructive to practitioners, students, and all those who are focused on the most fundamental issue of our time.” —Jim Adams, architect and principal, McCann Adams Studio, Austin, Texas “Dynamic Urban Design establishes Michael von Hausen as a sustainable urban design authority. Sharing insights taken from six millennia ... von Hausen articulates a clearly understandable and masterfully illustrated process.” —Kevin Harris, architect and principal, Kevin Harris Architect, Baton Rouge, Louisiana Whether we are practicing urban designers or interested citizens, virtually all of us want to live in communities that are safe, attractive, and healthy. Yet our good intentions face conflicting goals. How are we going to improve community health, reduce crime, and improve mobility in cities while at the same time expanding our cities to accommodate growth? How are we going to do all this with seemingly limited financial resources? How do we do more with less, live within our means, and still create a higher quality of life? The list of challenges is almost endless. Urban design is emerging as a critical interface that brings various professions together to address these challenges and improve our communities. For future human survival and quality of life, the world needs a more inclusive, rigorous, socially inspired, and comprehensive urban design model integrated with sustainable development. This book delivers that model—a reference guide for doing it right.
This Second Edition arms real estate professionals with a comprehensive approach to the economic factors that both define and affect modern urban areas. The text considers the economics of cities as a whole, instead of separating them. Emphasis is placed on economic theory and empirical studies that are based in economic theory. The book also explores the policy lessons that can be drawn from the use of economics to understand urban areas. Real estate professionals will find new coverage of urban areas around the world to provide a global perspective.
This book provides a deep insight into urban regeneration schemes and explores the parameters of what is deemed a sustainable development, before appraising existing schemes’ evaluation models for the sustainable return on investment. The authors present a new practical evaluation tool that suggests quantifiable benefits for all urban regeneration stakeholders. This new method enables the gauging of the full sustainable impact, from a given outlay of money invested in a housing-led urban regeneration scheme, through an evidence-based proof and can be used to: Better fulfil sustainability criteria in terms of all three aspects of the triple bottom line and contribute in a more sustainable way to address the United Nation’s Sustainable Development Goal 11 Reduce financial waste and plug the gap created by the recent economic shortfall which is impacting on housing associations, tenants and communities alike Evaluate historical housing-led urban regeneration schemes and model future schemes. The method can be used as a strategic decision making or management tool, with schemes being able to be planned in, prioritised or carried out in a targeted and strategic manner; and it can be used for modelling purposes, for publicity purposes and alongside existing tools. This book provides a unique method of fully and sustainably evaluating housing-led urban regeneration schemes, useful for planners, strategic management, local authorities, housing associations, the construction industry and built environment students alike.