{"id":1004133682,"date":"2015-12-17T09:01:51","date_gmt":"2015-12-17T17:01:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004133682"},"modified":"2022-11-30T12:21:18","modified_gmt":"2022-11-30T20:21:18","slug":"innovation-districts-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/innovation-districts-on-the-rise\/","title":{"rendered":"Innovation Districts on the Rise"},"content":{"rendered":"<p>By Alex Lopez, Associate Editor<\/p>\n<div id=\"attachment_1004133683\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Cortex-Master-Plan-St.-Louis.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004133683\" data-attachment-id=\"1004133683\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/innovation-districts-on-the-rise\/cortex-master-plan-st-louis\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Cortex-Master-Plan-St.-Louis.jpg\" data-orig-size=\"482,284\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexander Lopez&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1450195822&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Cortex Master Plan, St. Louis\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Cortex Master Plan (Innovation District), St. Louis&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Cortex-Master-Plan-St.-Louis.jpg?w=482\" class=\"size-medium wp-image-1004133683\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Cortex-Master-Plan-St.-Louis.jpg\" alt=\"Cortex Master Plan (Innovation District), St. Louis\" width=\"300\" height=\"177\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Cortex-Master-Plan-St.-Louis.jpg 482w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Cortex-Master-Plan-St.-Louis.jpg?resize=300,177 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004133683\" class=\"wp-caption-text\">Cortex Master Plan (Innovation District), St. Louis<\/p><\/div>\n<p>A new urban model is emerging giving birth to \u201cinnovation districts.\u201d By definition these geographic areas are where leading-edge institutions and companies cluster and connect with start-ups, business incubators and accelerators. These areas are also physically compact, transit-accessible, and technically wired and they offer mixed-use housing, office and retail for all inhabitants.<\/p>\n<p>The trend can be traced back to locales such as\u00a0Silicon Valley and\u00a0is expanding into more areas while becoming a driver of the real estate sector. \u201cInnovation districts are the manifestation of mega-trends altering the location preferences of people and firms and, in the process, re-conceiving the very link between economy shaping, place making and social networking according to a Brookings Institution white paper <a href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=http-3A__www.brookings.edu_about_programs_metro_innovation-2Ddistricts&amp;d=AwMFJg&amp;c=011sAuWmEGuAVOWaydfJsXUtF8vM85JvnaIeBF_SZL4&amp;r=4WCKhcLRzFrnpw-uUiZ3L8R-SgAw391yXVMWOFfPJiA&amp;m=P8pr21zyfpAmB9yWTNdSSq05ZZmKC4cWW3HRbGi8AQ8&amp;s=BY8BIGNH12VHo0426uJ64lpmuwLo1KtN0xF4us3WifE&amp;e=\" target=\"_blank\" rel=\"noopener\">The Rise of Innovation Districts<\/a>.<\/p>\n<div id=\"attachment_1004133684\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/District-Hall-Boston.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004133684\" data-attachment-id=\"1004133684\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/innovation-districts-on-the-rise\/district-hall-boston\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/District-Hall-Boston.jpg\" data-orig-size=\"480,288\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexander Lopez&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1450195778&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"District Hall, Boston\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;District Hall (Boston&#8217;s Innovation District Hub)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/District-Hall-Boston.jpg?w=480\" class=\"size-medium wp-image-1004133684\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/District-Hall-Boston.jpg\" alt=\"District Hall (Boston's Innovation District Hub)\" width=\"300\" height=\"180\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/District-Hall-Boston.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/District-Hall-Boston.jpg?resize=300,180 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004133684\" class=\"wp-caption-text\">District Hall (Boston&#8217;s Innovation District Hub)<\/p><\/div>\n<p>At MIPIM 2016, one of the world\u2019s leading real estate market, conference and networking events, a session titled &#8220;Innovation Districts:\u00a0A New Urban Development Model Emerging in the United States&#8221; will examine research findings on the creation of innovative urban developments conducted by Brookings Institution, a private nonprofit organization devoted to independent research and innovative policy solutions. The panel, which was made possible by sponsor Lennar International, will focus on the heightened clustering of anchor institutions, companies and startups in small geographic areas of central cities, which are emerging across the United States, Europe, and other global regions.<\/p>\n<p>&#8220;Lennar has worked with the Brookings Institution for years as they\u2019ve developed their thinking behind what makes innovation districts in urban areas engines of progress and jobs producers of consequence,\u201d said Chris Marlin, president of Lennar International. \u201cWe are thrilled to bring this thinking\u2014and the imaginations and intellects of Bruce Katz and our panel\u2014to the MIPIM experience this year. It won\u2019t disappoint.&#8221;<\/p>\n<p>The conference session will examine three innovation districts and how a diverse set of city builders and investors are altering\u00a0the way\u00a0they design and develop districts to realize their full innovation potential.<\/p>\n<p>\u201cThe rise of innovation districts in urban areas around the world is both predicated on smart real estate and design<\/p>\n<div id=\"attachment_1004133685\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/DetroitCoffeeGreatLakes.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004133685\" data-attachment-id=\"1004133685\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/innovation-districts-on-the-rise\/detroitcoffeegreatlakes\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/DetroitCoffeeGreatLakes.jpg\" data-orig-size=\"479,289\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexander Lopez&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1450195746&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"DetroitCoffeeGreatLakes\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Great Lake&#8217;s Coffee, Detroit Innovation District&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/DetroitCoffeeGreatLakes.jpg?w=479\" class=\"size-medium wp-image-1004133685\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/DetroitCoffeeGreatLakes.jpg\" alt=\"Great Lake's Coffee, Detroit Innovation District\" width=\"300\" height=\"181\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/DetroitCoffeeGreatLakes.jpg 479w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/DetroitCoffeeGreatLakes.jpg?resize=300,181 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004133685\" class=\"wp-caption-text\">Great Lake&#8217;s Coffee, Detroit Innovation District<\/p><\/div>\n<p>decisions and provides a tremendous opportunity for the real estate community going forward,\u201d said Bruce Katz, Brookings Institution vice president and co-author of <em>The Rise of Innovation Districts<\/em>. \u201cThese open-innovation economic hubs prosper when creative business, residential, and leisure spaces exist in close proximity; real estate is essential to their success.\u201d<\/p>\n<p>The \u201cInnovation Districts\u201d panel will take place on Wednesday, March 16<sup>th<\/sup> as part of MIPIM 2016 in Cannes, France, March 15-18, 2016, and will be moderated by Julie Wagner, nonresident senior fellow at the Brookings Institution and co-author of <em>The Rise of Innovation Districts<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Innovation districts are on the rise globally. Brookings Institution plans on shedding light on why. <\/p>\n","protected":false},"author":1375,"featured_media":1004133688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21752,21742],"tags":[],"class_list":["post-1004133682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-mixed-use","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Innovation Districts on the Rise - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/innovation-districts-on-the-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Innovation Districts on the Rise\" \/>\n<meta property=\"og:description\" content=\"Innovation districts are on the rise globally. 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