The Impact of Real Estate Development on Urban Renewal
From traffic congestion to diminished employment opportunities to fragmented development to limited housing to overall ineffective city functioning, urban decay has disastrous contexts. Thus, renewal is in order, and it Bradley Ransome says that the way to accomplish this is through residential and commercial real estate development. Proper construction planning is the key to establishing a sustainable society. However, today's renewal projects still seem only deeply considered at the project level. To move urban communities forward in holistically beneficial ways, developers and their teams must look more profoundly at the area scale, coordinating projects to bring comprehensive benefits at the macro level. Types of Real Estate Development for Urban Areas Redevelopment and rehabilitation are the primary types of real estate projects aimed at revitalizing built-up areas. But each has its pros and cons. The former is great for attracting market investment to e...