Two projects in Washington, D.C., Canal Park and The Avenue, are featured in new ULI stormwater report. The report, titled Harvesting the Value of Water: Stormwater, Green Infrastructure, and Real Estate, was prepared by ULI’s Urban Resilience Program. Canal Park is a neighborhood park developed by a public/private partnership and located on the site of a former D.C. waterway, with 95 percent of the park’s irrigation, fountain, toilet-flushing and ice rink water provided through rainwater recycling. The Avenue is a mixed-use, transit-oriented development in downtown D.C. that features a robust stormwater management system in a residential courtyard.
The research project was undertaken in response to both policy trends and increased interest in water management among ULI member networks and communities. The research builds from the program’s recent work, including Advisory Services Panels focused on resilient approaches to water management, and the 2015 Shaw Forum in Philadelphia which brought together leaders in green infrastructure to explore best practices in stormwater management and low-impact development policies.
The report seeks to address a gap in today’s research on stormwater management approaches. Although much has been written on the topic of green infrastructure and water management, most recent reports focus on stormwater policies or opportunities for capturing stormwater in the public realm. Fewer have focused on implications for private sector real estate developers.
The report brings together an analysis of the stormwater policy landscape and an introduction to a variety of real estate development projects that have response to them. After outlining the reasons that stormwater management is important to cities, the report introduces a series of real estate case studies and a range of types of stormwater policies. The case studies come from locations across the United States and present both innovations in stormwater management and positive, financial, operational, or design outcomes.