ULI FOOD AND REAL ESTATE FORUM IN SOUTHERN CALIFORNIA: The Intersection of Food and Real Estate

Transcription

1 ULI FOOD AND REAL ESTATE FORUM IN SOUTHERN CALIFORNIA: The Intersection of Food and Real Estate Images: (Chet Frohlich, 2015; Vithaya Photography; Timothy Hursley) ULI FOOD AND REAL ESTATE FORUM: SOUTHERN CALIFORNIA uli.org/food

2 ULI FOOD AND REAL ESTATE PROJECT (J Ashley Photography) (J Ashley Photography) PROJECT PARTNERS Leveraging the power of ULI s global networks to shape projects and places in ways that improve the health of people and communities. Dedicated to creating healthy, resilient, and high performance communities around the world. ULI FOOD AND REAL ESTATE FORUM: SOUTHERN CALIFORNIA uli.org/food

3 ULI FOOD AND REAL ESTATE PROJECT REPORT (Donny Davis) Key question How can a focus on food within real estate projects translate into enhancements to health, environmental sustainability, and the bottom line? Activities Convenings - forums Seminal report Research on state of practice Local gatherings Cultivating Development: Trends and Opportunities at the Intersection of Food and Real Estate People: Food, Health, Social Equity, and Real Estate Planet: The Links among Food, Real Estate, and the Environment Profit: Recognizing the Economic Value of Food in Real Estate Development Eight case studies profiling development projects that include food as a focus ULI FOOD AND REAL ESTATE FORUM: SOUTHERN CALIFORNIA uli.org/food

4 CHANGING NATURE OF AGRICULTURE 18 th & 19 th Century 21 st Century

5 CHANGING NATURE OF FOOD

6 PEOPLE 35% PLANET 1,500 PROFIT $43b Of adults are obese or overweight (1 in 3 adolescents & children) Miles food travels from farm to table, on average Profit from organic foods, growing 8% faster than the food market overall (2015) 16% Of people have trouble finding healthy food in their communities 18% of GHG emissions are caused by meat heavy diets 288% Increase in food hubs supporting local production and distribution ( ) ULI FOOD AND REAL ESTATE FORUM: SOUTHERN CALIFORNIA uli.org/food

7 WHY THE GROWING INTEREST IN FOOD? Growing interest in healthy and locally-produced food Consumer awareness of green and sustainable practices We all eat 3 times a day You can t eat online Preferences for experiences over things Growing, preparing and eating food can all be social activities

8 FOOD-CENTRIC DEVELOPMENT TYPES AGRIHOODS + COMMUNITY FARMS FOOD-CENTERED MIXED-USE DEVELOPMENT FOOD-CENTRIC RESIDENTIAL DEVELOPMENT FOOD HUBS + CULINARY INCUBATORS NEXT- GENERATION URBAN MARKETS INNOVATIONS + INNOVATORS Residential Working farm Restaurants Food stores Mixed-use Community gardens Restaurants Residential Regional processing Distribution centers Workforce development Food halls Workforce Development Mixed-use developments Sustainability Access to healthy food Economic development ULI FOOD AND REAL ESTATE FORUM: SOUTHERN CALIFORNIA uli.org/food

9 DEVELOPMENT TEAM Urban Ventures LLC and Perry-Rose LLC ARIA DENVER DENVER, CO PROJECT TYPE Mixed use PROJECT SIZE 17.5 acres (7.1 ha); 400 residential units planned; 30,000 square feet (2,787 sq m) of commercial space FEATURES AND INNOVATIONS: 1.25-acre (0.5 ha) production garden Pay-what-you-can farm stand Permaculture pocket gardens 1,800-square-foot (167 sq m) greenhouse People want to be part of a larger story. The production garden at Aria Denver grants residents access to fresh produce and facilitates social interaction through a variety of classes and community events. On top of that, it makes a positive difference in terms of the marketability of the project. Susan Powers, President, Urban Ventures Shared kitchens in cohousing units Participation in Cultivate Health partnership (Urban Ventures; Mariel Beaudoin) ULI FOOD AND REAL ESTATE FORUM: SOUTHERN CALIFORNIA uli.org/food

10 UNION MARKET WASHINGTON, D.C. DEVELOPMENT TEAM EDENS PROJECT TYPE Food hall/mixed use PROJECT SIZE 22,000 square feet (2,044 sq m) of retail space, 12,000-square-foot (1,115 sq m) event venue; 85,820- square-foot (7,973 sq m) parcel FEATURES AND INNOVATIONS: Social isolation and loneliness are becoming epidemics in the United States. People need community, and all community starts around the table. The real estate industry has the power to create spaces that foster community links and promote social interaction. Jodie W. McLean, Chief Executive Officer, EDENS Indoor food hall Support for local food entrepreneurs Weekly farmers market Food-oriented events (Joe Flood) CULTIVATING DEVELOPMENT: TRENDS AND OPPORTUNITIES AT THE INTERSECTION OF FOOD AND REAL ESTATE uli.org/food

11 KEY TAKEAWAYS Investments in food-related enterprises within the context of development projects can support a developer s bottom line, while also advancing health and environmental goals. Projects at the intersection of food and real estate require innovation, creativity, and new business models to be successful. Projects that promote public and environmental health via innovative approaches to food require cross-sector partnerships. Each group brings something unique to the table. (Timothy Hursley) (J Ashley Photography) Food amenities can help create a sense of attachment, adding value, and fostering stronger social ties. (Chelsea Market) CULTIVATING DEVELOPMENT: TRENDS AND OPPORTUNITIES AT THE INTERSECTION OF FOOD AND REAL ESTATE uli.org/food

12 Connect with us uli.org/health uli.org/food THANK YOU (Chet Frohlich, 2015) CULTIVATING DEVELOPMENT: TRENDS AND OPPORTUNITIES AT THE INTERSECTION OF FOOD AND REAL ESTATE uli.org/food