A ULI Advisory Services Panel Report
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Frankfurt and Offenbach Germany May 3–8, 2015 Advisory ServicesReport Panel A ULI Frankfurt and Offenbach, Germany Connecting and Collaborating: Building a Better Future Together May 3–8, 2015 Advisory Services Panel Report A ULI A ULI About the Urban Land Institute THE MISSION OF THE URBAN LAND INSTITUTE is ■■ Sustaining a diverse global network of local practice to provide leadership in the responsible use of land and in and advisory efforts that address current and future creating and sustaining thriving communities worldwide. challenges. ULI is committed to Established in 1936, the Institute today has more than ■■ Bringing together leaders from across the fields of real 35,000 members worldwide, representing the entire spec- estate and land use policy to exchange best practices trum of the land use and development disciplines. Profes- and serve community needs; sionals represented include developers, builders, property owners, investors, architects, public officials, planners, ■■ Fostering collaboration within and beyond ULI’s real estate brokers, appraisers, attorneys, engineers, membership through mentoring, dialogue, and problem financiers, academics, students, and librarians. solving; ULI relies heavily on the experience of its members. It is ■■ Exploring issues of urbanization, conservation, regen- through member involvement and information resources eration, land use, capital formation, and sustainable that ULI has been able to set standards of excellence in development; development practice. The Institute has long been rec- ■■ Advancing land use policies and design practices that ognized as one of the world’s most respected and widely respect the uniqueness of both the built and natural quoted sources of objective information on urban planning, environments; growth, and development. ■■ Sharing knowledge through education, applied research, publishing, and electronic media; and © 2015 by the Urban Land Institute 1025 Thomas Jefferson Street, NW Suite 500 West Washington, DC 20007-5201 All rights reserved. Reproduction or use of the whole or any part of the contents without written permission of the copy- right holder is prohibited. 2 A ULI Advisory Services Panel Report About ULI Advisory Services THE GOAL OF THE ULI ADVISORY SERVICES program and to provide recommendations in a compressed amount is to bring the finest expertise in the real estate field to of time. bear on complex land use planning and development proj- A major strength of the program is ULI’s unique ability ects, programs, and policies. Since 1947, this program to draw on the knowledge and expertise of its members, has assembled well over 600 ULI-member teams to help including land developers and owners, public officials, sponsors find creative, practical solutions for issues such academics, representatives of financial institutions, and as downtown redevelopment, land management strate- others. In fulfillment of the mission of the Urban Land gies, evaluation of development potential, growth manage- Institute, this Advisory Services panel report is intended to ment, community revitalization, brownfield redevelopment, provide objective advice that will promote the responsible military base reuse, provision of low-cost and affordable use of land to enhance the environment. housing, and asset management strategies, among other matters. A wide variety of public, private, and nonprofit or- ULI Program Staff ganizations have contracted for ULI’s advisory services. Gayle Berens Each panel team is composed of highly qualified profession- Senior Vice President, Education and Advisory Group als who volunteer their time to ULI. They are chosen for their Thomas W. Eitler knowledge of the panel topic and screened to ensure their Vice President, Advisory Services objectivity. ULI’s interdisciplinary panel teams provide a holis- Beth Silverman tic look at development problems. A respected ULI member Director, Education and Advisory Group who has previous panel experience chairs each panel. Daniel Lobo The agenda for a five-day panel assignment is intensive. Director, Awards and Publications It includes an in-depth briefing day composed of a tour of the site and meetings with sponsor representatives; a day Carly Bushong of hour-long interviews of typically 50 to 75 key commu- Senior Associate, Advisory Services nity representatives; and two days of formulating recom- Kathryn Craig mendations. Long nights of discussion precede the panel’s Senior Associate, Education and Advisory Group conclusions. On the final day on site, the panel makes an oral presentation of its findings and conclusions to the James A. Mulligan sponsor. A written report is prepared and published. Senior Editor Laura Glassman, Publications Professionals LLC Because the sponsoring entities are responsible for Manuscript Editor significant preparation before the panel’s visit, including sending extensive briefing materials to each member and Betsy Van Buskirk arranging for the panel to meet with key local community Creative Director members and stakeholders in the project under consider- Craig Chapman ation, participants in ULI’s five-day panel assignments are Senior Director, Publishing Operations able to make accurate assessments of a sponsor’s issues Frankfurt and Offenbach, Germany, May 3–8, 2015 3 Acknowledgments ON BEHALF OF ULI, THE PANEL THANKS the part- ULI team to the challenge. These local ULI representatives ners and supporters in Frankfurt and Offenbach, Germany, can provide the cities of Frankfurt and Offenbach with for making this panel possible. Thanks to the city of Offen- access to the same broad and deep land use experience bach am Main, represented by Horst Schneider, first mayor and expertise as the panel 365 days a year, and they are of Offenbach am Main; and the city of Frankfurt am Main, all located in the region. represented by Olaf Cunitz, deputy mayor of Frankfurt am In addition, the panel offers a final thank you to all of those Main, for their personal support, as well as the support of who were part of the interview process. Many people con- their teams, in particular. They had the task of pulling to- tributed their time to help us better understand the various gether all the information the panel needed over the past perspectives important to these communities and our several months. This report would not have been possible recommendations. You believe in the future of this region. without their active participation. The panel hopes that we have captured your enthusiasm Support for this panel was provided by DIC-Asset AG, Groß for the metropolitan area and represented the strength & Partner Grundstücksentwicklungsgesellschaft mbH, of its economic vitality and high-level cultural locals and Meijer Realty Partner Deutschland GmbH, OFB Projektent- events in the recommendations. The panel believes this is wicklung GmbH, and SEB Investment GmbH. an important turning point in the future of the region, and we are grateful to be part of that process. The panel also thanks the national council; Claudia Gotz, executive director of ULI Germany; and the local team, Christine Freeman, head of events, and Michael Müller, manager, event programs and community outreach, who helped recruit the cities and sponsors and connected the 4 A ULI Advisory Services Panel Report Contents ULI Panel and Project Staff ...............................................................................................................................6 Foreword: The Panel’s Assignment ...................................................................................................................7 Global Context, Local Analysis, and Assessment ..............................................................................................11 Urban Characteristics and Opportunities ..........................................................................................................13 Drivers for Investment and Collaboration .........................................................................................................18 Land Use Proposal and Delivery Recommendations .........................................................................................21 Conclusion ....................................................................................................................................................24 About the Panel .............................................................................................................................................25 Frankfurt and Offenbach, Germany, May 3–8, 2015 5 ULI Panel and Project Staff Panel Chair Trini Rodriguez Principal William P. Kistler Parker Rodriguez Inc. Managing Partner Alexandria, Virginia Urban Innovation Network London, United Kingdom Christiane Thalgott Stadtbaurätin München I.R. Panel Members Munich, Germany Tim-Philipp Brendel Bob van der Zande Dipl.-Ing. Architekt AKHH/ZT Director Residential Markets Geschäftsleitender Gesellschafter/Managing Director Development Corporation City of Amsterdam Hamburg, Germany Amsterdam, Netherlands Christopher Choa Principal/Design Director ULI Project Staff AECOM Gayle Berens London, United Kingdom Senior Vice President, Education and Advisory Group Washington, D.C. Rui Ramos Pinto Coelho Executive Director Claudia C. Gotz Invest Lisboa Executive Director, ULI Germany Lisbon, Portugal Frankfurt, Germany Bernhard H. Hansen Alison Johnson Member of the Advisory Board Program Manager ULI Germany Washington, D.C. Frankfurt, Germany Carly Bushong Alan Razak Senior Associate,