Browse Tag: smart growth

NAR Workforce Housing Forum: Baltimore’s Miller’s Court

A slide from Donald Manekin's presentation on Miller's Court development in BaltimoreCommercial developer Donald Manekin wanted to see how commercial real estate could have a social return as well as an economic return.  To get there, he set about redeveloping long-vacant, functionally obsolescent historical structures into “vibrant facilities that would benefit end-users and the communities that surround them”.

In his recent presentation to NAR’s Workforce Housing Forum, Donald went into deep detail on his Miller’s Court development, where the urban community of Baltimore faced the problem of recruiting teachers for its schools, but had little in the way of smart, sustainable multifamily development that would attract the educated tenants needed to fill those roles and ultimately become Baltimore homeowners and property taxpayers.  Using an 1877-built tin can factory structure darkened from 1992 to 2007.

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NAR Smart Growth Grants: Get Smart About Commercial Property In Your Community

NAR Database Growth 2007

Smart Growth is important stuff.  The commercial property market and the land use decisions that go with it loom very large in the balance of a community’s economic health.  Growth needs to be managed intelligently to maintain that balance, and that takes experts in commercial property engaging the community at large, shaping that balance among stakeholders.

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