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City Living
The Good Business Sense of Urban Redevelopment
The Satori, slated for downtown Fort Lauderdale |
Joel Altman
Chairman, Altman Cos.
Boca Raton
Ask developer Joel Altman what’s driving urban redevelopment lately, and he’ll tell you: Good business sense. Creating the infrastructure to keep up with sprawl is getting more expensive, so developers are looking to build residential construction around existing infrastructure closer to city centers. That’s the key as well, he says, to successful affordable housing.
Altman Cos. developed the mixed-use Symphony in downtown Fort Lauderdale with the Abdo Cos. |
The Astor, under construction in downtown Delray Beach |