Article entitled “Restoring Nature While Building” by Patrick Sisson appeared in the Square Feet column on in the Commercial Real Estate page of the March 16, 2022 New York Times.

This caught our eye: “People don’t have to use the word ‘sustainability” anymore because it’s expected, said Charles A. Birnbaum, founder and president of the Cultural Landscapes Foundation, and education and advocacy group.  “People expect a level of performance from their landscapes. There is a power of place there waiting to be unlocked.”

This information appealed to us because we have been looking for data on the positive financial impacts of green space on developments.   “A series of trends have made these projects more valuable, said Matt Norris, director of the Building Healthy Places Initiative at the Urban Land Institute.  For residents, the health benefits of outdoor access are more apparent, especially in the pandemic.  For developers, offices and homes next to parks can accrue up to 20 percent more value, and added green space can help projects earn community support and even unlock zoning incentives.”

Posted March 18, 2022