Where to Build: At Railway Stations
The Wall Street Journal is probably being bought by Fox so it is going all trendy and youtubular with videos and covering issues like this: The hottest development spots are no longer raw land but next to the local train stations. (we have covered this before) They continue: Demographic and lifestyle shifts are among the primary reasons many cities and developers are willing to bet on transit-oriented development. A growing number of households include singles and retiring baby boomers who are opting to live in smaller homes in urban areas.
"I think we have a collision of things going on -- a desire to revitalize our cities connecting with the growth of smaller households that are desiring denser and more-convenient living choices," says William Millar, president of the American Public Transportation Association, a nonprofit advocacy group in Washington, D.C. "This isn't to say that the traditional suburb is going away," he says, but there will be more housing built "for this demographic who desire walkable communities with easy access to transportation." ::Wall Street Journal