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August 2013

Winning Projects to be Announced at Fall Meeting in Chicago

By NWREporter

August 2013

Amazon's multi-building global headquarters is among 27 developments named as finalists in the Urban Land Institute's Awards for Excellence competition.

In citing the 1.8 million square-foot Amazon.com HQ complex, ULI noted it blends seamlessly into an emerging neighborhood to enhance the area's cultural, social and economic qualities. The development comprises nine new buildings and preserves two historic structures. It will also encompass four art-filled public plazas, 10 new dining entities and the neighborhood's only medical clinic.

The Amazon project is expected to create more than 10,000 permanent jobs and bring in more than $9.5 million in new tax revenue annually. It has drawn $600 million in investment for public infrastructure projects such as parks and expanded transit services, as well as $5.7 million for affordable housing.

Now in its 35th year, the ULI Global Awards for Excellence competition is widely recognized as the land use industry's most prestigious recognition program. The awards honor real estate projects that achieve a high standard of excellence in design, construction, economics, planning and management and are considered to be the centerpiece of ULI's efforts to identify and promote best practices in all types of real estate development.

The criteria for the awards include leadership, contribution to the community, innovations in design, public/private partnership, environmental protection and enhancement, response to societal needs, and financial viability.

From the 27 diverse finalists from around the globe, a jury will select a group of winners who will be announced in November during the ULI Fall Meeting in Chicago.