Urban Land Magazine Again Touts Small Development

After its cover story on the wisdom of small-scale development (the issue also included an article profiling 10 small-scale infill housing projects, and another article on small-scale adaptive reuse), Urban Land magazine returns to the topic in this week's email newsletter with an article titled "Small & Smart" by Kristina Kessler: "Though small mixed-use infill projects do not fit most institutional investor business models, there is a market for compact, mixed-use design and smaller housing space.  With some 3 million acres (1.2 million ha) of greyfield sites becoming available for redevelopment and some 20 million attached housing units needed by 2025, this project type is being increasingly favored by the planning and development industry for its scale and innovative design.  Contemporary urban infill housing can weave new units into existing urban environments, with street-level uses ranging from retail space and offices to clinics, and even a Walgreens store.  A number of municipalities are turning their focus toward redevelopment and infill and partnering with smaller lenders and borrowers."  Full article here (requires ULI membership).