E-S-G. If you haven’t heard that term before, it stands for Environmental, Social, and Governance. It’s a framework that investors use to help them decide whether or not to put money into a company. Over the last 20 years, investors have increasingly embraced the “E” in ESG, and ESG funds are now consistently driving strong returns. In fact, 2020 was the biggest year for ESG-investing yet. With the events of 2020, the “S” of ESG —which includes some of society’s toughest problems, like economic opportunity and racial inequity —has come to the forefront. Investors are, more and more, pursuing socially-minded ESG investments. And this pivot has huge implications for real estate, as investors are now ready and willing to lend capital to real estate companies that are pursuing projects with real social and racial impact. But what do those projects look like,and how can real estate transform the development process to achieve them? As we’ve explored throughout this season of Ci...
In the early 20th century, many U.S. factories were located in urban cores, where workers could easily access their jobs. But the benefit of proximity also meant workers lived near loud, polluting factories. And as we know from the history of zoning in the U.S., low-income people frequently had no option but to live in neighborhoods built around intense industrial use. The consequences of those land use decisions are felt most severely today by communities of color, who continue to suffer from higher rates of health issues like asthma and cancer. So bringing manufacturing back to urban neighborhoods — especially neighborhoods that may have been exposed to the harms of the industry — may seem fraught. But it also offers an opportunity to right some of these historic wrongs. In this week’s episode of City of the Future, we explore the idea of bringing a new generation of cleaner, greener manufacturing facilities back into our urban cores. We talk to folks at Buffalo’s Northland Wo...
Innovation ecosystems — places where companies and anchor institutions cluster and connect with startups, incubators, and smaller accelerators — are far from a new urban trend. As technology has become core to our economy in the past few decades, big coastal cities like Boston, San Francisco, and Seattle have become big tech innovation ecosystems, attracting more and more talented workers, startups, and investment capital from across the country and the world every year. Despite all the growth spurred by these tech-based innovation ecosystems, the resources and the capital haven't been shared equitably with existing communities. Additionally, as we’ve seen in these big coastal cities, the creation of housing hasn’t kept up with the influx of workers — causing prices to skyrocket and creating new challenges for lower-income groups and people of color. But there’s a new global trend happening to intentionally plan innovation ecosystems in a way that still brings the advantages o...
Cities throughout the U.S. (and around the world) are struggling with the many issues that come with neighborhood growth and displacement. But what if, instead of being negatively impacted by development, residents benefited from it instead? In this episode — part two of our two-part series on new models for wealth-building — we explore “neighborhood REITS,” a model that helps community members invest in local development projects. This innovative approach can help folks participate in their own communities’ growth, andas we see through the work of Albina Vision,it can also potentially begin to redress some of the racial inequities that have been baked into our housing system for decades. In this episode: [00:00 - 05:30] Local Portland artist Cleo Davis shares the struggles of gentrification that destroyed the legacy of his community in the historically Black neighborhood of Albina. [06:16 - 13:07] Marc Norman, associate professor in affordable housing, breaks down a new wealth...
Cities across the U.S. are suffering from dire housing crises. Housing supply is low, and prices are high —in some cities, sky high. And wages and income aren't keeping up. Many struggle to make rent, let alone save for a home. So it’s no wonder that affordable housing programs often focus on getting people into homes —people need help now. But we also need long-term solutions that could help renters generate wealth they could pass on to their families and children. In other words, as essential as affordable housing is, it isn't enough on its own to close the wealth gap, which in the U.S. is particularly stark between Black and White Americans. In the first episode of our new season of City of the Future, we talk to the founders of Esusu and Portland’s Community Investment Trust and explore new economic models that could help renters, particularly immigrants and new arrivals, become home or partial building owners — and have the opportunity to access multi-generational wealth a...
The process of real estate development is critical to urban life. Without it, we’d have no homes, no stores, no community centers. But development isn’t working for everyone. All too often, new projects advance without sufficient concern for affordability, economic opportunity, or long-term vibrancy. But as Sidewalk Labs' Head of Urban Development Alison Novak tells us, 2020 made a lot of people pause and ask: “What am I doing, and how am I impacting the world?” Real estate developers are no exception. Today, the industry is at a tipping point, and many developers are asking themselves how they can do better — while still making money. This season of City of the Future will be all about the ideas and innovations that could lead to more equitable development. But before we can understand how development could become more inclusive in the future, we have to understand how it works today. So, in this bonus episode, Alison helps us dig into the financials, the planning documents, a...
The pandemic has forced us to reexamine and reimagine how we use one of our most precious public spaces: our streets. From outdoor dining to expanded bike lanes, cities have been re-designing streets so they can be better shared by all — drivers, bicyclists, and pedestrians alike. But could we take this idea even further? What if we could use design and technology to make our streets more flexible? So they could change use according to the season, the week, or even the hour? In our season finale, we explore a future where city streets can do just that —and better respond to all of our needs. In this episode: [0:01 - 6:44] We meet with transit guru Gridlock Sam to talk about the history of political battles over New York City streets and the recent changes in response to Covid [6:54 - 11:18] Aspen Director of Parking & Downtown Services Mitch Osur and Coord Head of Policy & Partnerships Dawn Miller explain how data is allowing cities to solve problems like traffic and curb congesti...
For about a century, architects and developers have dreamed of the promise of factory-based construction —after all, if Henry Ford revolutionized the auto industry with assembly lines, why shouldn’t we be able to make buildings in factories, too? But, in North America at least, almost every attempt to revolutionize this industry has failed. But now, thanks to innovations in design, materials, and machinery — and a green wave taking over the industry — factory-based construction could be an idea whose time has finally come. In this episode: [0:01 - 3:11] We take a fun trip back in time to Expo 67 and explore why the influential prefabricated concrete building Habitat 67 was just too ahead of its time. [3:35 - 8:26] Northeastern University architecture professor Ivan Rupnik relays the history of factory-based construction, including Operation Breakthrough, the U.S.’s initiative to out-build the Soviet Union during the Cold War [8:46 - 16:28] Sidewalk Labs Director of Product Desi...
In an era of remote work, when people can work from anywhere, where will they choose to live? And what can cities do to set themselves apart from the competition? In this episode, we look at the ways remote work could change not just the way we live in cities — but which cities we live in, too. In this episode: [0:01 - 4:47] Tulsa Remote community manager Taylor Allen tells her story of moving from Florida to Tulsa, Oklahoma, sight unseen [7:09 - 11:00] Professor of Urban Economics Richard Florida on why the future of economic development is about talent [12:02 - 14:06] Digital transformation adviser Anett Numa on how Estonia became one of the most digitally enabled countries in the world [14:12 - 16:23] Topia Chief Product Officer Sten Tamkivi on what kinds of factors draw people to specific cities [16:36 - 18:22] Topia Director of Product Management Chantel Rowe shows Estonia’s digital infrastructure in action —and how it made her move to the country easy [19:43 - 22:59] Taylor...
Generative design is the process of automatically producing thousands of designs based on goals and constraints you feed into a computer. In this episode, we ask: could you apply generative design to something as complex as the urban planning process? Could it reveal better designs for buildings, neighborhoods, districts — showing us options we didn’t even know were possible? And, in the future, could this new emerging field even empower urban development teams to create better, more human cities? In this episode: [0:06 - 4:13] Hosts Vanessa Quirk and Eric Jaffe on the unintended consequences of the 1915 Equitable Building (the “monstrosity” that influenced New York City’s first zoning laws) [4:15 - 11:42] Sidewalk Labs’ Senior Product Manager Violet Whitney and Senior Design Lead Brian Ho on Delve, a product that uses generative design to reveal unexplored urban design options for any given development project [11:43 - 18:13] Carnegie Mellon University’s Associate Professor ...