The world is facing unprecedented levels of drought. The frequency, intensity, and duration of droughts are increasing, leading to a myriad of issues, including regional wildfires… and this pattern is expected to continue with climate change. This new normal challenges the future of development and growth.
Real estate and land use professionals are already leading the way with innovative solutions. In June 2022, ULI released the report Water Wise: Strategies for Drought-Resilient Development, which features best practices and case studies for incorporating water-saving measures into real estate development projects, alongside policy recommendations for integrating land use and water management. The report finds that investing in water efficiency and conservation measures mitigates the risks of water shortages, policy changes, and rising water prices while garnering water and energy cost savings, increasing asset value.
To support implementation of water-wise strategies in the built environment, ULI recently launched the Water Wise Development Coalition, which convenes land use and real estate professionals with policymakers to advance water-smart real estate development and supportive policies. It is free to participate in the coalition’s quarterly virtual meetings. Those who are interested in participating can complete this survey and will be added to the invite list.
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Water-Wise Development Project Profiles:
Water Wise: Strategies for Drought-Resilient Development introduces the challenges and opportunities associated with drought and limited freshwater availability, and provides best practices for real estate and land use professionals to address them.
This webinar features some of the strategies and case studies for water-wise development, landscaping, and policymaking related to land use. The webinar recording is available for viewing on Knowledge Finder here.
ULI launched the Water Wise Development Coalition to convene land use and real estate professionals with policymakers to advance water-smart real estate development. The coalition hosts virtual, quarterly meetings and welcomes additional participants. Learn more.