If we could be in two places at once, we surely would have attended the Urban Land Institute’s Urban Marketplace in Philadelphia last week. Christopher Leinberger of the Brookings Institution and a co-founder of Arcadia Land Co. said that after years of sprawl and ‘exurbs,’ transit-oriented development is the next new/old thing. “The pendulum has swung,” he said. “You better adjust.”
The Philadelphia Business Journal’s Natalie Kostelni reported off of the event that “development going forward will focus more on walkable, urban cities and communities that are linked to mass transit, preferably trains as opposed to buses…[while] land development prior to the industrial economy, which peaked in 1970, focused on linking communities with transit since most people couldn’t afford a vehicle and most lived near where they worked.
--- Nick Fasulo is an account coordinator at Solomon McCown & Company. He can be reached by email at nfasulo@solomonmccown.com
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