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The case study shows that in the 1970s the Town of Arlington completely abandoned its policy of encouraging development of apartment buildings—and high-rise buildings at that and adopted requirements that severely constricted the possibilities for developing multifamily dwellings.
Seth W. Pinsky, president of the Economic Development Corporation, compared the new service's use to the early days of the subways when lines were built in sparsely populated farmland and the development of apartment houses gradually followed to pack those lines.
Steve Blitz, senior economist at ITG Investment Research, says the lure of higher returns is spurring the development of apartment buildings.
Glendale resident Rita Johnson told the council that downzoning would affect the future development of apartment property she purchased last year on Calafia Street.
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The Litzo is a stylish development of apartments and townhouses, also at the top of the cliff, by developer Blue Homes.
We may have to think differently about the American Dream and consider more development of apartments.
"It won't be threatened by the development of apartments, shopping malls or anything else.
Further along the street is a large sign showing the plan for the Old City, an orderly development of apartments and shops, with minaret-style structures at each corner.
Preservationists persuaded the water authority to shore it up, and its museum conversion has been partly financed by the development of apartments on the grounds.
Development of apartments and smaller villas – so crucial to tourism on an island where the average room occupancy rate is around the magic 70 per cent mark – has been sporadic, barely scratching the surface.
Mr. Martin said his group would like to see a broader mix of retailers along the west side of South Lexington Avenue as well as more development of apartments above stores.
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