Mark Smith Discusses Planned Densification at USD
How can we expect to reduce sprawl if we don’t allow real estate in key locations to coevolve with market demand?
Mark Smith recently spoke at the University of San Diego about Planned Densification. In this clip from that talk (5:28), Smith explains asynchrony as an economic cause of sprawl, and as a barrier to coevolution.
Markets change–the evolution of market value in key locations is an important reason to pre enable densification. We call this the wedge. Here is a video animating typical market evolution circumstances with suburban development, which is also common with urban infill and redevelopment scenarios.
Markets Change Video (Continuous Loop)