Press Releases

Downtown housing and experience opportunities

(Boonton, NJ, December 2, 2005) — What explains the downtown housing boom in cities and older town centers across North America?

In the November 15 issue of Downtown Idea Exchange newsletter, Lawrence O. Houstoun Jr., principal in the Atlantic Group, cites the following important factors:

• Experience opportunities, which he defines as the concentration of things to do and see in urban centers,
• Changing views about urban crime,
• The effects of business improvement districts,
• The rise in single person households, and
• Remarkable and persistent low mortgage rates.

A complete discussion of these five points appears in the article, Downtown housing and experience opportunities which is online at http://www.DowntownDevelopment.com/perspectives.php.

Downtown Idea Exchange is a twice-monthly newsletter reporting on downtown problems and solutions in an effort to provide a focus for revitalizing the central business districts of towns and cities.

Website: http://www.DowntownDevelopment.com