Real estate development

The stretch of the Great Lakes basin ecosystem from southern Lake Huron through western Lake Erie forms a unique urban refuge where life thrives with beauty and resilience. Known as Metropolitan Detroit, this region is where the Community Foundation for Southeast Michigan and many partners are working to create The Great Lakes Way by connecting 160 miles of greenways and 156 miles of water trails (1).
The vision for the Great Lakes Way project is to ensure that all residents and visitors of southeast Michigan—people of all ages, backgrounds, ethnicities, abilities, and interests—feel connected to the water resources, welcomed on its trails, and able to enjoy the benefits and opportunities these access points provide (1). To bring this vision to life, the project plans to link 160 miles of greenways and 156 miles of blueways, connecting people to a range of world-class freshwater, wildlife, and recreational opportunities. These include fishing areas, bird migration pathways, parks, working waterways, preserved woodlands, and restored wetlands (2).
The Great Lakes Way project connects existing assets, supports accessibility and equity, and promotes the Great Lakes Way to both residents and visitors through marketing and communication efforts (2). There are 26 points of interest that will serve as connection hubs along the Great Lakes Way (2). In Detroit specifically, the focus is on connecting 13 culturally or historically significant destinations, as well as locations known for their environmental and ecological importance or as regional landmarks (2).
Rich in world-class fisheries, migratory flyways, parks, urban centers, small towns, preserved old-growth woodlands, and restored wetlands, the Great Lakes Way offers unique experiences that can only be found here. By uniting the natural and cultural assets the Great Lakes Way designation aims to emphasize and expand the essential linkages needed to further connect this remarkable region. (2,3)

The old Altadis tobacco factory in the Los Remedios neighbourhood of Seville is being transformed into an area with offices, hotels and lots of green space. New green space will connect existing green areas next to the river, resulting in a total of 13 378 m2 of green areas within 3 ha of public space. The park will increase the number of trees in the area by 60 per cent, creating a lot more shaded areas, which are needed during the hot summers [Ref. 1-5]. Additionally, the trees will contribute to carbon sequestration, improve air quality and promote biodiversity [Ref. 5]. The park is meant to become a popular destination for recreation, new entrances and a bridge over the river will connect the surrounding neighbourhoods to the park [Ref. 1-3]. There will be areas for physical activity, dog walking and play for children [Ref. 1, 4]. The project is being carried out by real estate company KKH Property Investment, which owns the land and will invest 250 million EUR in the project as a whole, of which 5 million EUR is designated for green spaces. KKH has made an agreement with the City of Seville to ensure the project has benefits for the area and its citizens, and follows previous plans for the area, which have involved citizen participation [Ref. 3, 6, 9].

Lima is the capital of the region with the lowest coverage of green spaces. According to the World Health Organisation (WHO), a city should have at least 9m2 of green space per inhabitant. Lima is just over 3m2 square metres, which means a deficit of almost 60 million square metres. In this context, actions from the public and private sectors are essential to add this type of space to the city. In response to this need, Grupo Centenario carried out a green project on one of its plots of land in San Isidro, where real estate projects will be developed (1, 2, 3, 4).
A square was built with a green area with wild and low-consumption species, knocking down the walls that surrounded the land for years, turning it into a place for everyone to see and use (1, 2, 3, 4). The Choquehuanca Square was built to contribute to the community and make it a better place to live. It is located on a plot of land that was previously enclosed by walls, converting it into an area of 3,945 m2 with a green space that occupies 70% of the square (1, 2, 3). This is a temporary project, as the green space was opened while projects are being developed on this land (1, 2, 3).

The Tirana Vertical Forest is part of the city's 2030 Master Plan and aims to enhance urban biodiversity and create green spaces through innovative urban design (Ref. 1,2). The project was developed by Stefano Boeri Architetti, the same studio that has designed similar, well-known structures in cities like Milan, Utrecht and Nanjing (Ref. 6). The completion of the 21-floor building is expected in late 2024 and will feature 105 apartments and a commercial ground floor as well as 145 trees and over 3,200 shrubs and bushes which are integrated into the balconies and façade of the project (Ref. 1,2,3). Various Mediterranean plants have been incorporated, including colourful, scented and aromatic types, which harmonize with the local ecosystem. To maximise the space available for green features, a dynamic structure with alternating balconies and full-height windows has been built (Ref. 1,2). Ultimately, the project anticipates improving air quality, reducing noise, and providing insulation. The greenery is expected to capture fine particulate matter and up to 8 tones of Co2 per year while also creating a healthier microclimate for those inside the building (Ref. 1,6).

The Silk District is a real estate project by Prime Kapital in partnership with MAS P.L.C., integrating green spaces into its urban design (1-10). It focuses on regenerating a brownfield site, an abandoned industrial area left undeveloped in one of Iasi's neighborhoods (1). The project aims to revitalize the area, improving its aesthetics, reducing pollution, and repurposing it into a commercial and residential space (1). A key feature of the project is the incorporation of green spaces throughout its design (1).
The development spans 101,000 square meters, with 40,500 square meters (combined) dedicated to green spaces and "car-free" open areas (1, 2, 6, p.2). These green elements are designed to offer spaces for relaxation, recreation, and social interaction, while also contributing to environmental benefits such as air filtration, temperature regulation, rainwater drainage, and soil erosion prevention, all promoting better health for residents (1, 2, 4, 6, p.12). The landscape design includes “green islands” and vegetation-covered roofs for parking structures (4).
Launched in 2021 after receiving municipal approval, the project is ongoing and has already made significant progress, with over 10,000 perennial plants and 401 trees planted (4, 9). Upon completion, the landscape will feature 7,100 square meters of perennials, 3,000 square meters of shrubs, and an urban forest containing 2,400 trees (6, p.12).
The total investment in the project is €20,000,000 (7). In 2024, one of the completed office buildings earned a BREEAM green certification, achieving one of the highest possible scores, in collaboration with the consulting firm BuildGreen (5, 8). The landscape design was carried out by the architectural firm Beros Abdul+ (4). Before receiving approval, the project was opened for public consultation, and an independent online survey showed strong support from the community (15, 16).

The "Line Park" project in Belgrade aims to create a continuous green belt spanning 4.6 kilometres and covering over 48 hectares. As such, the project will revitalize the former railway corridor from "Beton Hala", just below the Belgrade Fortress, to the Pancevac Bridge. Inspired by notable urban parks like New York's "High Line", Moscow's "Zagrađe," and Toronto's "Rail Corridor," it will become a major recreational destination and also help to alleviate the pressures from the city's heavy air pollution and summer heat (Ref. 5, 6).
The park will be divided into ten thematic sections dedicated to aromatic plant and flower gardens, urban gardening and beekeeping, sports facilities, a newly built university campus and more. Additionally, there will be an amphitheatre and facilities for outdoor education. To further integrate green infrastructure, new buildings will have green roofs and walls (Ref. 2,5). Ultimately, the park integrates a number of amenities into the entire city.
The development of the park also introduced innovative co-creation mechanisms in terms of governance and planning. Since Belgrade is part of the multinational CLEVER Cities Initiative, the city's Secretariat for Environmental Protection suggested the use of the site as a pilot test for introducing nature-based solutions in urban planning and with diverse stakeholders' input. Several workshops, focus groups, and consultations took place between 2019 and 2021, which facilitated the diversity of ideas that have been adopted into the official construction plan (Ref. 1, 2). Despite these successes, civil society groups raise concerns over the extraordinary cost of 70 million euros, displacement of Roma communities and the interest of real estate developers that may undermine the project's original cause (Ref. 3, 8).

The Palas Campus project is a real estate investment by the private company IULIUS, involving the construction of a mixed-use development with integrated green elements, including a green terrace (1–3, 5). The project spans approximately 86,000 sq.m., of which 4,500 sq.m. are dedicated to green spaces (1–3, 5). In these green spaces, 200 trees and 7,000 bushes of various species were planted (1, 2). The landscape design was created by a team of international experts, with some plant species imported from Italy (1, 5). The primary goal of the project is urban regeneration in a specific district of the city, building on similar projects previously implemented by IULIUS (1, 2, 5). The Palas Campus landscape includes relaxation spaces and pedestrian walkways (1).
The buildings were designed to meet the standards for two green certifications: EDGE and LEED, both of which were awarded in 2024 (4, 6–10). The EDGE certification signifies a 20–40% reduction in energy and water use compared to standard buildings (4, 8). The LEED certification, awarded based on various sustainability criteria, saw Palas Campus achieve one of the highest scores (4, 9, 10). One key aspect of the certification was the reduction of the "heat island" effect (10).
The total cost of the project reached 120 million euros, with 3.8 million euros allocated to the green spaces (1, 2, 5). The project was partially financed by a 72 million euro "green" loan from the IFC, a member of the World Bank Group, which also provided expertise to help secure the EDGE certification (6–8). The LEED certification was obtained with the support of the consulting firm BuildGreen (11).

The Belt Line Center building, located in Detroit, Michigan, property of Letts Industries, features a green-blue roof, along with a rain garden, showcasing the benefits of green infrastructure in historic properties. The idea for this retrofit emerged in 2015 after a major renovation, when Chip Letts, CEO of Letts Industries, recognized the potential of green infrastructure for long-term energy efficiency and storm-water management.
The initiative gained momentum in 2018, following the Detroit Water and Sewerage Department's (DWSD) introduction of new drainage fees, which charged $750 per acre of impermeable surfaces. The DWSD also offered up to 80% discounts for properties implementing green solutions, further incentivizing the project.
The project officially began in 2020 after securing PACE funding (Property Assessed Clean Energy funding, a financing mechanism that enables property owners to fund energy efficiency, renewable energy, and water conservation projects) from CounterpointeSRE (financial institution), marking the first use of commercial PACE financing for a green roof in Michigan. The green roof, covering 17,250 square feet, includes 300 square feet of pedestal pavers and a 2,500 square foot blue roof. These features enhance stormwater management, energy efficiency, and roof longevity; the center also incorporates two beehives to support local biodiversity.
These systems work in tandem with the ground-level rain garden to capture and infiltrate stormwater runoff, significantly reducing the impact on Detroit’s stormwater system. The project aligns with the city’s broader sustainability goals, including the Beltline Greenway initiative, which will pass directly behind the property, integrating the building into Detroit’s expanding network of green spaces and bike paths.
The Belt Line Center serves as a model for revitalizing historic buildings through innovative financing and sustainable design, enhancing Detroit’s environmental resilience. (Ref.1-5)

The Three Mile Creek Greenway Trail project aims to transform the existing creek into a valuable community asset by developing a multi-use greenway trail (Ref 1). This greenway will connect various parts of the city through walking and biking paths, linking neighbourhoods, parks, and commercial districts while providing access to unique natural areas (Ref 2). The creek having been adandonned for decades (Ref 5), the initiative seeks to turn 3 Mile Creek (3MC) into a vibrant natural corridor that fosters recreation, education, and economic activities (Ref 1, Ref 2). The project aims also at reducing pollutants in the waterway, restoring natural stream channels, and maintaining flood protection (Ref 1).
The 3MC Greenway Trail is expected to become a key feature of Mobile's urban landscape, offering numerous benefits. These include enhancing community health, both mental and physical (Ref 2), and stimulating the local economy by increasing property values, tax revenues, and opportunities for recreation-related businesses and job development (Ref 2). Additionally, the trail will improve community connectivity by linking neighbourhoods, parks, and schools, thereby fostering a stronger sense of community and better access to public spaces (Ref 2). Lastly, the project will contribute to environmental restoration through stormwater management, pollution reduction, and natural habitat preservation (Ref 2).
The greenway is part of a plan to restore the health of the Three Mile Creek watershed and is the first major piece of a long-term Mobile Greenway Initiative (MGI) (Ref 4).