“A sustainable community effort consists of a long-term, integrated, systems approachto developing and achieving a healthy community by jointly addressing environmental, economic and social issues.
Fostering a strong sense of community and building partnerships and consensus among key stakeholders are also important elements of such efforts”
Beth Lachman, Critical Technologies Institute, April 1977
This week, we will review the basics of a sustainable real estate development project.
Interesting Statistics as per BUILDER Magazine:
• By 2030, ½ of the buildings in the USA will be built after 2000
• 40% of the total new office space nationwide is located in the suburbs
• 12,400 avg vehicle miles traveled per household in 1969
• 21,200 avg vehicle miles traveled per household in 2001
• US Population:
in 2005 295 million
in 2035 378 million
in 2050 420 million
85 million metric tons of carbon dioxide that could be eliminated annually
between now and the year 2030 by shifting 60% of new land development to compact growth
$250 billion cumulative fuel cost savings that would be achieved with a 60% shift toward
compact growth patterns by 2030
The above statistics indicate the need for to use existing infrastructure for future land development projects.
Mixed use projects and higher density housing may become the norm for infill and re-development initiatives.
The only factor which regulators fail to consider as local communities guide growth patterns is the cost of land.
Land is the primary variable in the financial success of a project – including a sustainable project.
Let’s explore sustainability.
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