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Betting on bedrooms near subways

From blog
Published on Mar 23, 2009

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by CareyBot

As developers jockey for position and figure out how to make money in this market, the chants of transit-orientated development continue, reports Globe St. -- and everyone is writing off the suburbs.

At yesterday's Urban Land Institute conference, "At The Crossroads: Transportation and Development," held at the Los Angeles Convention Center, Christopher B. Leinberger, a senior fellow at the Brookings Institution, speculated that after the market bottoms out, "the vast majority of building permits ... will probably be in urban environments and transit-oriented development ... Add to that formula increasing energy costs and "boredom with drivable suburbanism," Le