Planned Densification

I’m pleased to share another article in Urban Land…“Systematic Density for Dummies: Arrested Development Generates Losses That Accrue.” Markets change. Buildings don’t. They could. Some should. This article is a revised and updated version (with a touch of humor) of my 2009 Urban Land article that explores the issue of asynchrony—which happens when fixed-assets and project feasibilities are out-of-sync with their host markets as demand and values change. You can read the 2009 version here: With this 2023 update, I acknowledge real estate development’s challenge of limited functional control of industry processes as a constraint from achieving better outcomes for the public and private sectors. Many betterment programs—such as urbanism, smart growth, the 15 minute…

Azusa Street & SpiritWalk Report

By Mark Smith – Our Azusa Street & SpiritWalk report is a strategic plan for cultural assets in downtown Los Angeles. The report presents tactics to achieve goals of cultural preservation, historical exposition, artistic expression, urban placemaking, entrepreneurship, and economic development. The Azusa Street & SpiritWalk report has been funded by the U.S. Economic Development Administration, the Tom Bradley Legacy Foundation at UCLA, and the Little Tokyo Service Center. Summary of Azusa Street & SpiritWalk Report Azusa Street & SpiritWalk Report

Seeking the Market

– Fundamental cause missing in sprawl literature – – Fixed assets in changing markets – – Chronic sprawl is in part market inefficiency – – Development processes and techniques contribute to sprawl –  – Solution is pre enabling densification – – Many factors said to cause sprawl might be considered demand generators – – Excessive sprawl is not responsive to the market – – Implications of business as usual? Another generation of development that will contribute to sprawl – . The sprawl conversation does not include a fundamental cause, which is the fixed nature of real estate assets and their relationship to evolving host markets. . Coevolution is Needed in Key Locations The inception of the problem is that…