Transcript Mixed use real estate

Bucharest Ilfov Regional Development Agency (BIRDA)
Planning, Programming, Monitoring & Projects Portfolio Department
Expert Catalin Lacatusu
The Urban Mixed-Use Reality
Summary
• When. Bucharest urban sprawl
• Why. Bucharest’s ups and downs
• Who. The developers
• How ? Examples of new and old to new real estate
- Mixed use real estate
- Mixed use residential complexes
- Reconversion of old industrial platforms into mixed use functions
• Now what?
Bucharest Ilfov SUMP and the the city in the climate change context
Bucharest Ilfov – Urban Sprawl. 2000-2015
+ 9137 per
+ 115441 *
+ 23922 ha
The evolution of population, the number of existing households at the end of the year and the build up area /urban mass (2005-2015)
Source: Bucharest Ilfov Regional Develoment Plan 2014-2020 and National Statistic Institute
Bucharest: Ups and Downs
Downs
UPs
Market factors
 GDP ( ~ 25% of Romania)
 Average salary (income)
 Numbers of companies and corporates + innovation
 Number of SME’s
 Purchasing power
 Number of people with high education
 Life expectancy
 Intraregional and interregional migration
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Intravilan (built-up area)
Urban sprawl
Retrocessions of land and buildings
New building stock ( total build area)
Number of Shopping centers & Supermarkets
Number of office buildings
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Number of cars ( 1,1 mil cars in 2015)
Congestions: Car average speed ( ~ 14kmph)
CO2 + dust from traffic and constructions
Green spaces but under 26 sqm/per
Number of flights and passangers
 Population
 Population density
 Household size
 Surface Public transport vehicles number[ tram, trolley, bus]
 Surface Public transport utilisation share [ tram, trolley, bus]
 Metro public transport usage share (constant)
Source: Bucharest Ilfov Regional Develoment Plan 2014-2020 and National Statistic Institute
Who & How
Examples
Mixed use real estate: Baneasa
Mixed use residential complexes:
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Cosmopolis Residential Complex
•
Stejarii Residential Club [The Oaks] + Stejarii Country Club
Reconversion of old industrial platforms into mixed use functions
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Old UMEB to AFI Palace Cotroceni
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Old Industrial Pipera to new Pipera
•
Novo Park Pipera
Mixed use real estate: Baneasa (224 ha)
Real estate functions:
• Shopping center – approx. 51 ha;
• Residential area, ​approx. 135 ha
• Office and services area on a land area - ​approx. 15 ha;
• Green area, parks and landscaped - approx. 15 ha;
• Public utilities management area - approx. 3 hectares
• Public space for public and private streets, parks, lakes, area
- approx. 30% of the total area of ​the land.
Aerial view :
https://www.youtube.com/watch?v=ymOQfVaYcPc&t=353s
Source : National Cadaster Authority- INIS Viewer;
Baneasa Shopping city features/ Functions:
• Big Retail Units (IKEA, Brico Depot) & Small Retail units
• Supermarket
• Entertainment: Cinema , Theatre., Casinos, Bowling, Shooting pool,
children playground,
• Cafes and restaurants
• Services:
medical services ( eye exams, dental consultation, pharmacies)
banking services,
tourism services
Source: www.baneasa.ro
Mixed use residential complex: Cosmopolis residential complex
Surface: 90 ha : 40% residential / 60% other functions
Residential (apartments and villas)
Education : kindergarten, primary school in the future
Social & collective services: pharmacy, baby shop, two beauty salons, dry cl
eaning and tailoring clothes, pet shop and veterinary clinic
Big retail : Supermarket, and a future mall inside the residential complex
Indoor & Outdoor Sport and Recreation
indoor gym ,outdoor basketball, football and tennis court,
outdoor fitness equipment and ping-pong ,
seven public pools for adults , one pool for children up to 4 years,
center for artistic activities :piano , guitar, percussion, street dance, ballet, si
nging and theater.
Source:
http://cosmopolis.ro/en/gallery/
Green spaces, free pedestrian and walkways
Pedestrian walkway, trail running for jogging or cycling
a beach and a wonderful beach bar on the natural lake.
two green parks and two large playgrounds.
Official video https://www.youtube.com/watch?v=Qpt2Es-aMP8#t=32
Restaurants and cafes
Aerial view: https://www.youtube.com/watch?v=jh_a81JfSGc
Transport to the closest metro stations ( 30 min pace)
Mixed use residential complex: Stejarii Residential Club [The Oaks] + Stejarii Country Club
Stejarii residential club
Residential area of 8 buildings with a total of 285 rentable
apartments surrounded by a 200 ha oak forest
Amenities: Business center, Concierge, Kindergarten, Small retail
shops, Laundry service and handyman, green areas, private park ,
playground & playroom
Stejarii country club
22,000 sqm, includes a fitness center, aerobic and cycling, indoor
and outdoor tennis court, indoor and outdoor pools, sauna, jacuzzi,
squash courts, a shiseido SPA, corporate and social events
(ballroom and a restaurant
http://www.stejarii.ro/gallery/exterior-1
Reconversion of old industrial platforms into mixed use functions
AFI PALACE COTROCENI + AFI PARK
The biggest complex of retail and business in Romania
Good accessibility: metro station (300m) , tram and bus lines
AFI PALACE COTROCENI SHOPPING MALL
Plot size: 104,000 m² - Gross Built-Up Area : 220,000 m²
Parking Spaces: 2,500 (under and above ground)
Features :
• 300 retail units
• 1 supermarket
• Entertainment: Cinema ,IMAX, Casinos, bowling
• 2 children playground, ice rink
• Cafes and restaurants
Source: http://afi-europe.eu/Projects/AFIPalaceCotroceni/Pages/default.aspx
Source : http://afi-europe.eu/Projects/AFIPark/Pages/default.aspx
Aerial view of the retail and businnes complex
https://www.youtube.com/watch?v=cXfVkk7hGE0
https://www.youtube.com/watch?v=cXfVkk7hGE0
AFI PARK
10 above ground office floors and 450 dedicated parking places.
LEED Gold Core & Shell Certification.
• AFI Park 1 - GBA of 20,000 m²
• AFI Park 2 - GBA is 19,250 m²
• AFI Park 3 - GBA of 19,750 m²
Source : http://afi-europe.eu/Projects/AFIPark/Pages/default.aspx
Reconversion of old industrial platforms into mixed use functions: PIPERA
Pipera
M
Source: google maps
The Pipera Platform. Source: Google maps
Aerial view of the Sky tower, Promenada Shopping Center and the rehabilitated Pipera Platform (min: 1:40-1:55)
https://www.youtube.com/watch?v=hvWMc0889kI
Aerial view south of Bucharest (Berceni) 60 sec
https://www.youtube.com/watch?v=YMrpiFGQ_Po
Mixed use buildings : Novo Park Pipera
Novo Park – 7 office buildings - on the former Pipera Platform.
Business park:’s amenities:
• Starbucks
• Two high-quality canteen operators and cafés
• Fitness club
https://www.novo-park.ro/en/description/
AREA : Within a walking distance : a shopping center, several restaurants and coffee shops, a gym with pool, pharmacies and residential buildings
Bucharest Ilfov Sustainable Urban Mobility Plan (SUMP)
Travel Distance for Trips over 1km for Bucharest and Ilfov
Modal Split of Trips in Bucharest-Ilfov Region
Source: BI-SUMP. Travel Habits Survey 2014. , Rom Transportation Engineering & Avensa
Source: Enhanced spatial planning – World Bank for Ministry of Regional Development
Bucharest Ilfov Sustainable Urban Mobility Plan (SUMP)
Distribution of daily trips in the Bucharest-Ilfov region by type
Source: BI-SUMP. Travel Habits Survey 2014. , Rom Transportation Engineering & Avensa
Total Daily trips by mode
Bucharest Ilfov Sustainable Urban Mobility Plan (SUMP)
Mode by Intrazonal ( < 1 km) vs. Interzonal ( > 1km)
Source: BI-SUMP. Travel Habits Survey 2014. , Rom Transportation Engineering & Avensa
Bucharest in the context of climate change
Distribution of New Building Stock under BAU Option
Source: World Ban Team
Romania Climate Change and Low Carbon Green Growth Program + A technical assessment of the energz and emission impacts of alternative development patterns in the
Bucharest-Ilfov Region – The World Bank
Bucharest in the context of climate change
Distribution of New Building Stock under Low Carbon Option, 2050
Source: World Bank team
Romania Climate Change and Low Carbon Green Growth Program + A technical assessment of the energz and emission
impacts of alternative development patterns in the Bucharest-Ilfov Region – The World Bank
Bucharest in the context of climate change
Comparison of Buildings, Transport and Solid Waste Emissions
in BAU and Low Carbon Scenarios (Tonnes CO2e)
Changes in Key Metrics Relative to Current Baseline Conditions in
Bucharest
Romania Climate Change and Low Carbon Green Growth Program + A technical assessment of the energz and emission impacts of alternative development patterns in the
Bucharest-Ilfov Region – The World Bank
What next?
Future Context
Good market & social factors
Estate market opportunity to mature
Economical growth
Demand for housing and quality life
Financial incentives [First House credit]
Dynamic economic structure
Easy access to opportunities for people
Easy access to labor and markets for companies
Conclusions
People prefer aesthetically pleasing locations
Learning from each other
Taxes on unused or under use land
Clear inventory of all land parcels within the city.
Integrate Shopping centers with Housing and Education
More than 30 % of the available floor area for economic uses.
Reduce the distance to ameneties
Reduces the share of low rise residential development
Restrictive amendments in spatial and urban planning law to
regulate urban sprawl
Municipality should address negative market externalities (such
as congestion, pollution, and the rise in land prices and rents).
Thank you!
Mr. Cătălin Lăcătuşu
Planning, Programming, Monitoring & Projects Portfolio Expert
Mobile: +40754 24 55 22
E-mail: [email protected]
Bucuresti - Ilfov Regional Develoment Agency
163’ Mihai Eminescu Street, District 2, Bucharest
Phone: 021/315 96 59
Fax:
021/315 96 65
http://www.adrbi.ro
http://www.regioadrbi.ro