{"id":13369,"date":"2018-04-26T14:41:37","date_gmt":"2018-04-26T14:41:37","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13369"},"modified":"2018-04-26T14:41:38","modified_gmt":"2018-04-26T14:41:38","slug":"the-art-factor-boosts-housing","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/the-art-factor-boosts-housing\/","title":{"rendered":"The Art Factor Boosts Housing"},"content":{"rendered":"

The Art Factor Boosts Housing<\/h1>\n
\"The<\/a>

The Art Factor Boosts Housing<\/p><\/div>\n

Public art has been linked to building booms and price increases for residential real estate. That’s why developers and city planners alike are working to weave art throughout new real estate projects and public spaces.<\/p>\n

\u201cDevelopers are beginning to see that if they want to attract tenants, they have to offer them more than just four walls,\u201d says Barbara Goldstein, a public art planner and consultant in San Jose, Calif. \u201cWe\u2019re going to see more and more of this kind of thing.\u201d<\/p>\n

The art effect can be seen in real estate across the country. For example, Chicago\u2019s Millennium Park, which opened in 2004, features open-air galleries and interactive public art. After its opening, the prices of nearby condo buildings skyrocketed. Some in the city credited\u00a0the \u201cMillennium Park factor\u201d for the area\u2019s real estate growth by about 10,000 new units over the following decade and $1.4 billion in residential development (as estimated by an economic impact study by URS and Goodwin Williams Group).<\/p>\n

A suburban Brookland neighborhood in northeast Washington, D.C.\u00a0now features Monroe Street Market, which is a five-block mixed-use development that includes two buildings devoted to artists\u2019 studios on the ground floor. The studios have glass doors and are part of an art walk in the community. When the development first opened in 2014, the median home list price in its ZIP code was $474,000. By 2017, the median price had jumped to $598,400, a 26.2 percent increase in three years, according to realtor.com\u00ae data.<\/p>\n

The High Line in New York is a one-mile park that reclaimed an abandoned elevated railroad track to become a tourist attraction. The park features art and attracts 1.3 million visitors each year. The real estate prices and development near it have soared since its opening in 2014.<\/p>\n

\u201cPeople really want to be near these great, iconic places or things that make a city recognizable,\u201d says Scott Stewart, executive director of the Millennial Park Foundation in Chicago. \u201cA lot of these spaces where you\u2019ve created something spectacular out of something less than desirable \u2026 those are attractive. They naturally draw people to them.\u201d<\/p>\n

Source: \u201cAs Public Art Goes Up, So Do Nearby Home Prices<\/a>,\u201d realtor.com\u00ae (April 25, 2018)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Art Factor Boosts Housing Public art has been linked to building booms and price increases for residential real estate. That’s why developers and city planners alike are working to weave art throughout new real estate projects and public spaces. \u201cDevelopers are beginning to see that if they want to attract tenants, they have to … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-13369","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nThe Art Factor Boosts Housing - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/the-art-factor-boosts-housing\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/the-art-factor-boosts-housing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/the-art-factor-boosts-housing\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"The Art Factor Boosts Housing\",\"datePublished\":\"2018-04-26T14:41:37+00:00\",\"dateModified\":\"2018-04-26T14:41:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/the-art-factor-boosts-housing\\\/\"},\"wordCount\":382,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/the-art-factor-boosts-housing\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/04\\\/04262018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/the-art-factor-boosts-housing\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/the-art-factor-boosts-housing\\\/\",\"name\":\"The Art Factor Boosts Housing - 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