REAL ESTATE F THE FU URE TELOSA

The City Of The Future

Lore's idea is to acquire a large plot of land that would be donated to a community endowment so that its increasing value could fund the city's development and improve the resident's welfare. He said that building Telosa from scratch would allow it to become "the most sustainable city in the world".

the CIty Is the idea of Marc Lore, an entrepreneur and former CEO of e-commerce at Walmart, who sold his start-up website Jet.com to the supermarket giant for $3.3 billion in 2016. Danish architect Bjarke Ingels is its master planner and the city will be called Telosa. Lore conducted a survey of his LinkedIn followers to help him pick a name. They settled on Telosa, which derives from an ancient Greek word meaning “highest purpose.”

Ingels is the founder of BIG, one of the world's most successful architecture studios. He recently launched Nabr,a home design company that aims to "reimagine the way we build our homes". He is also drawing up a master plan for the whole planet to "prove that a sustainable human presence on planet Earth is attainable with existing technologies". His firm’s amazing work has graced these pages on more than several occasions.

The vision is to create a new city in America that sets a global standard for urban living, expands human potential, and becomes a blueprint for future generations. Telosa is a city that will be built on a 150,000-acre vacant site in the western United States; the actual site is currently being scouted. The projections are to have built 30,000 acres (for 1,000,000 people) in 10-20 years and a total of 150,000 acres (for 5,000,000) over 40 years. That is roughly 33 people per acre (like the density of San Francisco). Ambitious? To be sure. But this is the brainchild of Bjarke Ingels – therefore it is certainly doable!

The reasoning for a city is straightforward. 80% of people in the U.S. live in urban areas. Cities today are not inclusive; there is a shortage of housing options, little regard for environmental impact and transportation is time-consuming, inconvenient, and stressful. Cities today, the website (www.cityoftelosa.com) declares, are not sustainable; they are not open; they are not fair; and they are not inclusive.

Telosa is planned to be Open (a safe and welcoming community that freely exchanges ideas and information to build accountability, competency, authenticity, and trust), Fair (where people will have equal access to opportunity and share in the prosperity that they help create), and Inclusive (where everyone is an important and valued member of the community whose voice should be heard and contribute to new possibilities).

I can only please one person per day. Today is not your day. Tomorrow is not looking good either.

Imagine This

Fresh water will be stored, cleaned, and reused on site. Renewable resources will provide power for the city. Autonomous cars will allow for safe, flexible streetscapes. An open city, where citizens are provided with honest and clear financials, where they are informed and politicians are held accountable, where the environment is always a priority, where every student has access to the best teachers and resources, where quality training programs prepare people for the jobs of today and the future, where there easy and affordable access to healthcare, and where there are diverse housing options. An inclusive city where nature and safe public spaces bring people together, and where people can access all their needs within a 15-minute commute. A city with an economic system in which citizens have a stake in the land; as the city does better, the residents do better. Sounds like Utopia! They call it Equitism n the Irem® reme (Real Estate Management Excellence) Awards champion the great companies and individuals in the industry and highlight the excellent work they are doing to propel real estate management forward. In this time of extraordinary challenges, it’s good to know that real estate managers have risen to the occasion with creativity, innovation, and commitment to professional excellence. The REME Awards honor the real estate professionals and companies that manage to make a difference. Here they are – the IREM REME Award class of 2021:

AMO® OF THE YEAR

PHYSICIAN’S REALTY TRUST, AMO®

Being in the healthcare business, this is a company that truly understands what it means to be on the front lines of a global pandemic. From the very first reported case of COVID-19 in their markets, they implemented strategies to protect their staff and tenants, and built strong and supportive relationships with their healthcare partners.

ARM® OF THE YEAR

DORIS GRANGER, ARM®, JMG REALTY

CPMs OF THE YEAR

JULIA PALUKA, CPM®, THE RMR GROUP business. In fact, their employees are so passionate about giving back that the company officially designated an annual day of service for teams from across the country.