For suburban developers, density used to be a dirty word, but not anymore. James Mazzarelli, senior vice president of Liberty Property Trust, told the audience at recent ULI event in Philadelphia that until recently he would instruct his development team to downplay the urban qualities of apartment proposals or walkable retail projects in pitch meetings with suburban officials.
“It’s really about using less land to generate more tax revenue and income. I think everybody’s figuring this thing out now,” Mazzarelli said on stage at the Union League in Philadelphia. “Today I’m sitting up here with a well-respected township planner who’s using the word densification.”