Development Option Theory

The real option theory of land development was a hot topic in the mid 2000’s, as the volatility of the real estate market peaked. Now that we have a break from the U.S. housing bubble and financial crisis, it’s worth talking about how we might decrease the volatility of the development market over time. Urbanism…

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Atlanta, AARP, DPZ Attack Challenges of Aging in Place

The New Urbanist mantra for neighborhood planning is to go for compact, connected, and complete. Well, one critical component of completeness, that of making communities comfortable – and practical – for residents of all ages, has been sort of assumed by NU planners. Yet it’s taken an effort by the nation’s primary advocacy group for…

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Gluttony and Glut: Finding the New Normal

How serious is the implosion of the once-booming urban condo market? And what does the downturn say about the prospects for housing in urban centers? A piece in the business section of the Atlanta Journal-Constitution seems to say it all. Desperate to unload some units in “a stagnant market,” says the sub-headline, an Atlantic Station  developer…

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