Explosive growth of Houston’s “Suburban Marketplace” centers focus of ULI conference
Real estate development leaders attending a recent Urban Land Institute (ULI) conference experienced one of the nation’s most vigorous suburban centers firsthand.
The Energy Corridor is becoming a model for what the ULI calls a Suburban Marketplace, the focus of a conference co-chaired by David Hightower, Board President of The Energy Corridor District and EVP/Chief Development Officer for Wolff Companies.
Builders, developers, real estate brokers and others took a tour of The Energy Corridor’s fast-developing center for work and living led by Clark Martinson, General Manager of The Energy Corridor District. The finale was a hard-hat tour of Energy Center 3, 4 and 5 now under construction.
Conference keynote speaker John Burns, Chairman/CEO of John Burns Real Estate Consulting Group in Irvine, California, told the ULI group that Houston has more building starts than the entire state of California. And, said Burns, a lot more housing starts are coming, whether single- or multi-family.
“The opportunity to create highly livable suburban centers where people live and work is changing the notion of urban planning,” says Martinson. “The Energy Corridor District is trying to facilitate growth that incorporates mobility solutions and connectivity that can help make our suburban marketplace more of a community.”