GSR: Why do developers like New Urbanism projects?
Provost: Fundamentally, it's what's right for the real estate. Developers are, for a lack of other adjectives that come their way, are fairly smart folks and are not going to engage in the development of a piece of property that's not financially feasible and/or a good business model. So I think what a lot of the progressive developers are starting to see is that mixed-use, New Urbanism planning principles integrated into their sites makes a lot of sense. It helps the long-term viability of a piece of real estate as well as the financial model.
GSR: Are construction costs a factor when building these complex developments?
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