The last day of class, we discussed about adaptive reuse, redevelopment, and transportation.
We begun our discussion with transportation issue, in recent years, high speed train has came up as next generation of public transportation because of several reasons. Environmental y, public transportation system provides better chance to reduce gas emission mostly caused by automobile. One more thing that makes it more controversial is that high speed train is going to be part of government stimulus package, in reality, there are clear pros and cons, as one of article note that constructing railway infrastructure requires massive amount of fund which is going to be tax burden soon or later, however, at the same time, job creation related to construction also expect to be huge which will give positive influence on economy locally or broadly.
We begun our discussion with transportation issue, in recent years, high speed train has came up as next generation of public transportation because of several reasons. Environmental y, public transportation system provides better chance to reduce gas emission mostly caused by automobile. One more thing that makes it more controversial is that high speed train is going to be part of government stimulus package, in reality, there are clear pros and cons, as one of article note that constructing railway infrastructure requires massive amount of fund which is going to be tax burden soon or later, however, at the same time, job creation related to construction also expect to be huge which will give positive influence on economy locally or broadly.
The next issue that we discussed was recycling building. One of advantage on recycling building is that building would be able to get extra point in the LEED qualification process, on the other hand, energy efficiency stand point, recycling building never be able to get better energy efficiency than brand new buildings.
We also discussed about many case of adaptive reuse, recently, a lot of reuse project are under construction. From the developer perspective, it is pretty attractive buying old historical building and transforming into new structure, one thing that came up my mind was the Montgomery plaza case. The Montgomery was built in 1928 and completely remodeled couple of times because of flood and hurricane, it had been unoccupied for a while, now it has turned into mixed use complex. We might don’t know the consequence yet, however, to me, it’s pretty good example for adaptive reuse.
We also discussed about many case of adaptive reuse, recently, a lot of reuse project are under construction. From the developer perspective, it is pretty attractive buying old historical building and transforming into new structure, one thing that came up my mind was the Montgomery plaza case. The Montgomery was built in 1928 and completely remodeled couple of times because of flood and hurricane, it had been unoccupied for a while, now it has turned into mixed use complex. We might don’t know the consequence yet, however, to me, it’s pretty good example for adaptive reuse.
Technology change our normal life style, such as consumer spending habits, significantly within a short period of time, in the same context, we touched the issue how technology change our working environment and, furthermore, how this change could effect on real estate trend for the future. What if everyone could work at home instead of office using broadband technology, remaining office space would be overburden for real estate market and impact in local economy would be huge.
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