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What Do Developers Want in an Emerging Market?

LOS ANGELES—In this EXCLUSIVE interview, Trumark Urban's Arden Hearing talks about how his firm has mastered development in emerging markets.

By Kelsi Maree Borland | kelsimareeborland | Updated on February 25, 2016

Arden Hearing Trumark Urban managing director Arden Hearing will be speaking on the Emerging Markets panel at RealShare Los Angeles on March 24.

LOS ANGELES—Trumark Urban is known for pioneering emerging neighborhoods and developing icons that set a new cultural tone. The firm has developed multifamily and condo projects in San Francisco and is currently working on Ten50, a condo development in Downtown Los Angeles. But, developing in these emerging markets takes community engagement, awareness and partnerships for success, according to Arden Hearing, managing director of Trumark Urban. Hearing is speaking on the Emerging Markets panel at the upcoming RealShare Los Angeles conference on March 24, but we got a sneak preview of what’s on his mind now.

“Social awareness is an opportunity and obligation for developers to impact the entire community when they come into an emerging market,” Hearing tells GlobeSt.com. “We take that very seriously at Trumark Urban. We also go into neighborhoods that have achieved some sort of vitality and growth status, but still have these blighted spots, and that is what we target. We do that through design and awareness in the pedestrian realm, creating something for the betterment of the community. We always try to challenge our peers in the development community to see how we can lift up our neighbors.”

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