New Century Cities: Real Estate, Digital Technology and Design

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December 1, 2004
New Century Cities: Real Estate, Digital Technology and Design
Session 6: Reflection
Discussion Issues
These discussion areas synthesize some of the key issues that have been raised over the
course of the semester:
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Location: The meaning of location in real estate and design seems to have
changed. Have we reached the stage where we need to discuss “location++” ?
How will livability impact how location is valued in the future?
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Value: The notion of value seems to be changing in two ways, which require
new types of indicators in real estate: (1) Developers seem to be shifting
towards becoming economic development agents. In essence, they are heavily
involved in shaping the face of high value-added communities. (2) The demand
for places that have value and meaning beyond pure financial feasibility seems
to be increasing.
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Community: There is a definite need for developers and city designers to
understand how communities form and communicate in space in order to
develop the types of desirable places we envision.
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Winners/Losers: Developing new real estate products does not imply better
values. We need to be aware whose identity is being portrayed and develop
better mechanisms for managing the development process to ensure more
diverse identities are embodies in place.
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No to homogenization: It seems that places are not becoming more uniform but
instead certain places are trying to differentiate themselves more heavily.
Certain factors reinforce the potential for differentiation and technology is
only one way to reinforce these distinctions.
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Student Presentations
The research projects selected by the group cover a range of topic areas, including:
culture and identity; innovative real estate products; institutional arrangements (publicprivate); and the importance of place.
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Whitney Foutz, Creative real estate products for a range of live-work styles
Mark Lu, Residential development in new century cities
Kathy McCabe, Managing public-private relationships with innovative
institutional arrangements
Karen Hu, Reflections on transmitting MIT’s identity and history through media
Gena Peditto, I Want Candy: scenarios for New Century public expression in
Lobby 10 at MIT
Alison Novak, Silicon Valley’s signage wall, creating a physical locus for
collective identity
Next Steps
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The MIT Living Campus idea
The City Innovation Club proposal
Comments on the seminar
Suggestions for the conference in January
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Dennis Frenchman 10/12/04
THE LIVING CAMPUS
New Century City
Lafayette
Square
Simmons
University
Park
Pool/
health
club
Stata
Lobby 10
Student
services/
activities/
gallery/bank
Community
health
Genzyme
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Media Lab /
new
building
List
Gallery
Kendall
Square
Services
Key
development Cambridge
sites
Center/T
Key
development
opportunities
Infinite Corr
B+CS
Lobby 7
Bosworth’s
Bldg 9
”Cities
Center”
Hinge
Bite
Café/
Student
Center
Armory
”Arts
Center”
Storage
warehouse
renovation
MIT
Museum/
store
Mass Ave
Key development
sites (mainly
under MIT or
city control)
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