land Management<p>​<img src="/SiteCollectionImages/Misc.%20Banner%20Images/CSR/Urban-Access.jpg" alt="" style="margin:5px;" /></p>land Management00

 

 

Land Management & Design for Urban AccessLand Management & Design for Urban AccessLand Management & Design for Urban Access1

 

 

Land Management and Design for Urban Access content<h2 style="color:#478299;font-family:ff-tisa-web-pro, sans-serif;font-size:2rem;font-style:italic;">Land Management</h2><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Promoting remediation and responsible land use during building operations, development and demolition; respecting the ways local communities want to use land (agriculture, housing, greenspace, etc.)</p><p> </p><h2 style="color:#478299;font-family:ff-tisa-web-pro, sans-serif;font-size:2rem;font-style:italic;">Design For Urban Access</h2><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Incorporating access to green space, grocery stores, banks and other basic services in new developments; making investments and developing partnerships to improve access to basic services at existing properties; designing for walkability and access to public transit; making investments and developing partnerships to promote walkability, public transit and other sustainable transportation at existing properties.</p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Forest City develops dynamic properties and communities that invigorate the local and regional economies where we operate. By developing in urban areas with existing infrastructure, our projects protect greenspace and preserve habitat and natural resources while providing local neighborhoods with a variety of amenities. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Many of our projects involve older properties and neighborhoods that have fallen into disuse or disrepair over time. These locations have a large potential for significant economic growth under the right circumstances. The sustainability of these redeveloped areas depends upon effective design and use of the land we develop. In addition to adhering to our green building strategies, we actively pursue partnerships with public entities for these types of projects and integrate affordable housing into many of our developments. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">We also approach our developments in a way that enhances community connectivity to neighborhood services and amenities, such as food and retail stores, banks and medical facilities. These design considerations help us create desirable places to live, work and shop in urban environments and help our neighborhoods outperform comparable properties in a variety of ways. For example, a study conducted in 2015 revealed that The Yards scored higher than the Washington, D.C., market average in several characteristics, including convenience to employment, access to entertainment and retail, safety perception and access to parks and trails. Overall, the accessible design of The Yards allows the neighborhood to boast a higher Walk Score (93) than other areas in the District.</p><p> </p><h2 style="color:#478299;font-family:ff-tisa-web-pro, sans-serif;font-size:2rem;font-style:italic;">Public/Private Partnerships</h2><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">Our commitment to creating communities and revitalizing cities — not just developing real estate – means that we often engage in public/private partnerships to achieve long-term, shared goals. By building mutually beneficial relationships with public entities, community groups, financial institutions and others, we are able to achieve greater long-term, positive impact together than the individual stakeholders could individually. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;"> There continues to be a strong trend toward urban redevelopment through mixed-use neighborhoods in densely populated areas, particularly in our core markets. Many of the cities where we operate have sustainability plans with aggressive long-term goals. We tailor our approach to each development with this long view in mind, and we seek mutually beneficial partnerships with leaders who share a common vision of creating sustained economic growth in their cities. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;"> We recognize that true community building requires a long-term commitment, and we approach investment in our core urban markets with long-term ownership and management in mind. We invest on an ongoing basis in the growth and success of these neighborhoods, and we approach each project as an asset that will remain in our portfolio for years to come.</p><p> </p><h2 style="color:#478299;font-family:ff-tisa-web-pro, sans-serif;font-size:2rem;font-style:italic;">Affordable Housing</h2><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;">As a company focused on core urban markets, Forest City embraces affordable housing as an important component of our work and for the direct social and economic value provided to the community, including stronger social diversity and enhanced access to jobs and upward mobility for low-income families. Our continued commitment to affordable housing strengthens Forest City's ties to cities and other public entities, many of which have goals for expanding access to affordable housing in their regions. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;"> By strategically locating Forest City properties in dense urban environments, we help our tenants, residents and visitors more efficiently manage their daily commutes to where they live, work and shop. Through careful planning and a focus on transit-oriented design, we enhance the walkability of our communities by maximizing pedestrian accessibility to various amenities, including grocery stores, post offices, restaurants and entertainment venues. </p><p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;"> We also locate many of our developments at or near sources of public transportation to reduce car dependency when traveling to and from a Forest City property. These activities drastically limit GHG emissions from transportation surrounding our buildings and minimize the amount of valuable real estate required for parking structures. We also provide bicycle storage and access to bike and car share services, as well as electric vehicle charging stations and preferred parking for low-emission vehicles. Our efforts to minimize tenant and resident dependency on car travel shows in the walkability scores of our portfolio, which receives a cumulative Walk Score of 74, meaning that most errands from our properties can be accomplished on foot. In 2015, 36 percent of our portfolio (for which a Walk Score could be generated) received a Walk Score of 90 or higher, meaning that daily life can be accomplished without a car. </p> <p style="color:#626366;line-height:1.75;font-family:proxima-nova, sans-serif;font-size:1.6rem;font-style:normal;"> Providing a sense of community and connection to each development is highly important to our tenants' and residents' satisfaction. We intentionally plan our facilities with plenty of access to the outdoors and green space in mind, which can take the form of community parks or rooftop amenity spaces.</p>Land Management & Design for Urban AccessLand Management and Design for Urban Access content0Generic Page Content Text0