2023 Winter Issue - 58

District House, a
75,000-square-foot
(7,000 sq m) mixed-use
development incorporating
mid-rise condominiums and
ground-floor retail in Oak
Park, Illinois, exemplifies
how green infrastructure
can add value, biodiversity,
and resilience to any
building.
Since 1970, wildlife populations have declined by
68 percent. Between 1992 and 2014, economic capital
rose by 13 percent per person even as the stock
of natural capital fell by 40 percent. Both trends
coincided with rapid growth of urban areas, which
have more than doubled in size in the past 30 years.
Although the real estate sector played a major role
in creating this environmental crisis, the ULI Greenprint
Center for Building Performance and the Jacobs
Engineering Group argue in a new joint report that
advances in technology and environmental science
mean that the industry now has an opportunity to be
part of the solution. The report, Nature Positive and
Net Zero: The Ecology of Real Estate, offers a comprehensive
view of how some sustainability-focused
developers and asset managers are developing properties
in ways that enhance biodiversity.
The authors have both bad news and good news
about developing with biodiversity in mind. The bad
56
URBAN LAND WINTER 2023
news is that projects that include a biodiversity component
are a lot more complex to design and build
than projects that simply limit carbon emissions.
The good news is that it is now not only possible
to build greener, healthier projects, but also that
many of the suggested measures can even make the
owner money. Several developers told the authors
that building for biodiversity not only has lowered
their environmental risks, but also has enhanced the
attractiveness and value of their properties.
Carrots and Sticks
A number of factors are encouraging developers to try
to bring Mother Nature on as a partner.
On the carrot side, some governments are offering
incentives to build green. In Singapore, for example,
the government covers 50 percent of the cost of
installing green roofs and walls. Using both the subsidy
and rules that require replacement of any greenMARTY
PETERS

2023 Winter Issue

Table of Contents for the Digital Edition of 2023 Winter Issue

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