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Company Information - October 24, 2012

Armstrong Place Wins ULI 2012 Global Award for Excellence

Armstrong Place Senior and Family Housing was listed this week as one of Urban Land Institute’s winners of its 2012 Global Awards for Excellence.

Fourteen developments were selected as winners of the competition, widely acknowledged as the land use industry’s most prestigious recognition program. Now in its 34th year, the competition is the centerpiece of ULI’s efforts to identify and promote best practices in all types of real estate development. Each of the winning projects, selected from nearly 200 entries throughout the world, has been successful in achieving a high standard of excellence in design, construction, economics, planning, and management.

According to jury chairman Randall K. Rowe, chairman of Green Courte Partners, LLC, Lake Forest, Ill., this year’s winners demonstrate ingenuity, innovation, and long-term thinking that can be embraced in other scenarios. “This year’s 14 ULI Global Award winners are from eight countries and represent a broad array of property types and uses. They are dramatic examples of the application of ULI best practices to real estate development and their enduring impact on diverse communities across the globe,” Rowe said.

Why Armstrong Place? With 370,200 square feet of higher density residential and 7,600 square feet of ground floor retail, Armstrong Place was descibed by ULI as “an important catalyst for the revitalization of the Third Street corridor in San Francisco. Read more about the award here.