Downtown Rebound: Downtown residential development swells. (Inner Sanctums).(Brief Article)(Statistical Data Included)(Industry Overview)

From: Builder | Date: January 1, 2002 | Copyright information

THE CONCEPT OF CITY RESURGENCE isn't just talk. The past decade saw an average of about 250,000 permits issued each year for new housing units in central cities, representing more than 20 percent of the total residential permits issued nationwide. Most of the permits issued within core cities were for single-family development.

"Most downtowns have the basic ingredients: old warehouse districts that are sitting empty; all the necessary infrastructure, including roads, sidewalks, lighting, sewers, electricity, and water; and easy connection to mass transit," says Robert Lang, ...

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