- Written by Alex Carrick
A WAVE OF RESIDENTIAL DEMAND IN CITY CORES HAS BEEN LAUNCHED BY THE YOUNG AND THE ELDERLY.
Adecade or two ago, urban planners were most concerned about “the donut.” That’s how they described what was happening in major cities. Nearly everyone was moving to the suburbs, and the center was being hollowed out. Once workers left their jobs at the end of the day, downtown cores were turning into ghost towns.
There were outcries of alarm. What to do about the situation? Surely it wasn’t healthy. Guess what? Political, economic and demographic factors have combined to reverse that trend. Much of a city's nutritional value is at the former “hole in the middle.” Many would argue it’s where lifestyles have taken their biggest leap forward. The first wave of change occurred when crime-fighting mayors turned downtown living into a safer experience.