Adrian Ellis moderated the session Investments in the Arts, Entertainment and Open Space — Catalysts for Urban Redevelopment at the CREW Network Fall Leadership Summit in New York.
Session speakers reflected on the growing trend of arts districts and urban parks breathing life back into under-utilized urban sectors. The panelists explored examples of the success of this development trend, what key cities did, how they got the right players on board and the funding to make it happen. How does this affect the real estate market? How can cultural centers contribute to a city and how can they drive demand for higher commercial real estate values in and around these sectors?
Highlighted projects: Klyde Warren Park and the Dallas Arts District, the Playhouse Square project in Cleveland and the New York City Highline, the Hudson Yards and DUMBO, Brooklyn.
MODERATOR: Adrian Ellis, AEA Consulting
Kim Vincent Butler, Hall Group
Patricia Gaul, Playhouse Square Foundation
Jared Della Valle, Alloy