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New ethnicities and new cultures are taking up residence in our cities: for years the flow of foreign people has been compensating the decreasing rates of natural growth and population ageing. This trend comes along with several consequences in the real estate market, and the scientific literature has shown up events in common with many countries. Spatial segregation, as a consequence of real estate dynamics, has to be critically evaluated: it is by no means a neutral mechanism, yet it contributes in no small measure to the spatial segregation of the smaller communities. Nuove etnie e nuove culture abitano le nostre città: da anni il flusso di persone straniere compensa il decrescente saldo naturale e l’invecchiamento della popolazione. Ciò non è senza conseguenze sul mercato immobiliare e la letteratura scientifica mette in luce fenomeni comuni a molti paesi. La segregazione spaziale effetto di dinamiche di mercato va considerata criticamente: quest’ultimo non è dispositivo neutrale, ma concorre attivamente alla segregazione spaziale delle comunità.
Ezio Micelli. The intercultural city: real estate markets, migratory trends and social dynamics [La città interculturale: dinamiche immobiliari, migratorie e sociali]. Valori e Valutazioni 2021, 28, 59 -66.
AMA StyleEzio Micelli. The intercultural city: real estate markets, migratory trends and social dynamics [La città interculturale: dinamiche immobiliari, migratorie e sociali]. Valori e Valutazioni. 2021; 28 ():59-66.
Chicago/Turabian StyleEzio Micelli. 2021. "The intercultural city: real estate markets, migratory trends and social dynamics [La città interculturale: dinamiche immobiliari, migratorie e sociali]." Valori e Valutazioni 28, no. : 59-66.
Public real estate asset development is at the core of the agenda for both the Italian central government and local administrators. In many areas of the country, public real assets have changed their role and their function: public property represents no longer just a reserve of financial value and has become a resource for grass-roots social, cultural and entrepreneurial regeneration processes. The aim of the paper is to investigate the nature of such initiatives. In particular, the purpose is to verify whether they are transient or long-lasting and if they can define a new frame for urban regeneration policies. Ten case studies have been analyzed in order to reflect the great variety of experiences developed throughout Italy. The methodology we used integrates desk research and in-depth interviews with the project initiators and with local administrators. The findings reveal contradictions reflecting cultural and administrative different options. Local governments entrust grass-roots public assets redevelopment for tactical or strategic reasons. In the first case, authorities-assuming a temporary market failure-may tactically grant the use of non-strategic assets to self-organized groups while waiting for a market recovery. In the latter one, local authorities-assuming potentially newurban regeneration models-pursue a strategic approach supporting bottom-up enhancement processes as a resource for the community development.
Alessia Mangialardo; Ezio Micelli. Grass-roots participation to enhance public real estate properties. Just a fad? Land Use Policy 2021, 103, 105290 .
AMA StyleAlessia Mangialardo, Ezio Micelli. Grass-roots participation to enhance public real estate properties. Just a fad? Land Use Policy. 2021; 103 ():105290.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2021. "Grass-roots participation to enhance public real estate properties. Just a fad?" Land Use Policy 103, no. : 105290.
Ezio Micelli; Agostino Valier. Evaluating the planning gain in the practices of local authorities [La misura dell’accordo. la valutazione delle contribuzioni straordinarie tra norme di legge e prassi degli enti locali]. Valori e Valutazioni 2020, 27, 19 -28.
AMA StyleEzio Micelli, Agostino Valier. Evaluating the planning gain in the practices of local authorities [La misura dell’accordo. la valutazione delle contribuzioni straordinarie tra norme di legge e prassi degli enti locali]. Valori e Valutazioni. 2020; 27 ():19-28.
Chicago/Turabian StyleEzio Micelli; Agostino Valier. 2020. "Evaluating the planning gain in the practices of local authorities [La misura dell’accordo. la valutazione delle contribuzioni straordinarie tra norme di legge e prassi degli enti locali]." Valori e Valutazioni 27, no. : 19-28.
The paper investigated the role of the historic centers in the cities and presents the findings of the analysis of statistical data on population, housing and economic activities in 15 historic centers of small and medium size cities in Northern Italy. Between 1991 and 2011 a significant shrinkage of population and high rate of vacancy of housing units is found in the centers, what used to be the core of the Italian culture and where heritage is mostly concentrated. The paper compares these indicators with the same ones elaborated for Milan, the largest city in Northern Italy and discovers different trends: the centre is less under-utilized and the shrinkage of population is not a character of the centre only. Milan performs much better than the small and medium cases also for the great growth of economic activities between 1991 and 2011, despite the 2008 economic crisis. The dynamics of the historical centers can reveal wider urban transformations and concur to describe the changes in the urban structure of the Country. The radically different phenomena presented by the paper allow to advance the hypothesis that size matters and resources are neither equally distributed nor achievable – as the idea of the urban structure as an network long proposed by geographer, planners and economic researches – but get concentrated in large metropolitan places.
Ezio Micelli; Paola Pellegrini. Dynamics of North Italian Historic Centers and Their Meaning for the Urban Structure. Blockchain Technology and Innovations in Business Processes 2020, 1776 -1785.
AMA StyleEzio Micelli, Paola Pellegrini. Dynamics of North Italian Historic Centers and Their Meaning for the Urban Structure. Blockchain Technology and Innovations in Business Processes. 2020; ():1776-1785.
Chicago/Turabian StyleEzio Micelli; Paola Pellegrini. 2020. "Dynamics of North Italian Historic Centers and Their Meaning for the Urban Structure." Blockchain Technology and Innovations in Business Processes , no. : 1776-1785.
In recent decades, the rules of planning have changed radically. From an authoritative approach, planning has become an activity of dialogue between the various operators that finance and accomplish urban projects. Public-private agreements have met with great success and they became an ordinary instrument in city planning. Agreements on zoning allow more advantageous planning rules and, as a result, landlord benefits a capital gain that is shared with public authority. While the nature of economic gain and the reasons why such is shared have been the object of a rather large investment by scholars, less effort has been devoted to understand how these concepts are applied in the administrative action of public authorities. The research investigates methodologies and techniques with which public administrations evaluate public/private partnerships in development projects resulting from zoning agreements. The study identified Veneto Region as a useful area of research. The administrative acts approved by the municipalities with regard to the public/private partnerships allowed by Veneto planning law (LR 11/2004) and by Italian national decree (380/2001, i.e. derogatory building permits) have been examined. The survey considers all the provincial capitals of Veneto region and, in order to have a representative sample of smaller towns, all the municipalities of the Vicenza province. Conclusions point out that most local authorities prescribe automatic or quasi-automatic procedures as assessment methodologies. They use values often established for tax purposes to determine the capital gain resulting from zoning rules modification. The application of automatic procedures does not necessarily lead, though, to quality results. Lastly, in territories substantially homogeneous, only a few kilometers away, levy rates can be very different, posing obvious and relevant problems of effectiveness and fairness.
Ezio Micelli; Agostino Valier. Capturing the Public Value in the Public/Private Zoning Agreements: Evidence from Italian Municipalities. Smart and Sustainable Planning for Cities and Regions 2020, 19 -28.
AMA StyleEzio Micelli, Agostino Valier. Capturing the Public Value in the Public/Private Zoning Agreements: Evidence from Italian Municipalities. Smart and Sustainable Planning for Cities and Regions. 2020; ():19-28.
Chicago/Turabian StyleEzio Micelli; Agostino Valier. 2020. "Capturing the Public Value in the Public/Private Zoning Agreements: Evidence from Italian Municipalities." Smart and Sustainable Planning for Cities and Regions , no. : 19-28.
Local administrators and private investors rely on various urban redevelopment strategies, the choice of which depends on the economic expectations of property owners and investors. Some of these options foresee replacing obsolete buildings with new constructions; others prefer the reuse of existing assets. This study examines the conditions that make these different strategies feasible, bringing to light the aspects that favor demolition and reconstruction processes over interventions based on the redevelopment of existing assets. The analysis focuses on the variables that determine the choice between these two options. The model that has been developed highlights, on one hand, the role of urban planning tools and urban densification and, on the other, the relationship between the land market and the value of existing assets. The model has been tested on five cities in northern Italy, which fall into three territorial categories—large metropolitan cities, medium-sized cities, and cities of limited rank—to test how different social and economic contexts affect the feasibility of the strategies we evaluated. The results of the study underscore the extent to which the demolition and reconstruction of existing assets is only viable in certain limited areas and under particular market and settlement conditions. While large metropolitan areas seem to have the option of radically replacing existing real estate assets, medium-sized cities and especially small cities are constrained in redeveloping existing urban assets and must forego demolition and reconstruction projects, which do not prove to be economically feasible.
Alessia Mangialardo; Ezio Micelli. Reconstruction or Reuse? How Real Estate Values and Planning Choices Impact Urban Redevelopment. Sustainability 2020, 12, 4060 .
AMA StyleAlessia Mangialardo, Ezio Micelli. Reconstruction or Reuse? How Real Estate Values and Planning Choices Impact Urban Redevelopment. Sustainability. 2020; 12 (10):4060.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2020. "Reconstruction or Reuse? How Real Estate Values and Planning Choices Impact Urban Redevelopment." Sustainability 12, no. 10: 4060.
The paper presents the analysis of the statistical data on population and real estate in 20 small-to-medium-sized cities in Northern Italy and shows a high rate of vacancy of housing and significant shrinkage of businesses and institutions in the historic centres, where urban heritage is concentrated. Given these findings, the paper analyses the official city plans of the cities with the worst underutilisation conditions, to understand how the plans have reacted to the decline of the centre. The result shows the extensive planning and regulation activity has very limitedly registered the phenomenon and failed to propose the empty inner cores as resources to reduce land consumption and recycle valuable assets in a circular economic vision. Combining the statistical data and the findings from the city plans, the paper concludes that Italian historic centres are living paradoxes—a collection of beauty, icon of well-being, model of sustainability, but abandoned—and therefore, the dense regulatory mechanisms that were necessary to conserve urban heritage during the decades of economic and demographic growth must be reframed to implement a circular economy and adapt to new requirements for living conditions.
Paola Pellegrini; Ezio Micelli. Paradoxes of the Italian Historic Centres between Underutilisation and Planning Policies for Sustainability. Sustainability 2019, 11, 2614 .
AMA StylePaola Pellegrini, Ezio Micelli. Paradoxes of the Italian Historic Centres between Underutilisation and Planning Policies for Sustainability. Sustainability. 2019; 11 (9):2614.
Chicago/Turabian StylePaola Pellegrini; Ezio Micelli. 2019. "Paradoxes of the Italian Historic Centres between Underutilisation and Planning Policies for Sustainability." Sustainability 11, no. 9: 2614.
The construction industry is the world’s largest consumer of energy and producer of greenhouse gases. For this reason, there is a broad debate on how to make the built environment more sustainable. Although the positive externalities of energy-efficient retrofitting and new construction are known, the economic effects that green building has on the real estate sector in Italy are less evident. The aim of this paper is to analyze the Italian real estate market to investigate if, and to what extent, demand appreciates the supply of green real estate assets. The research focused on the analysis of 55 development projects of office buildings (with and without environmental certification) located in Milan, at present the most dynamic and flourishing real estate market in Italy. Through these case studies the authors investigated the premium price that is generated in certified real estate development projects. The results highlight a premium price, especially for high levels of sustainability. Similarly, the rate of absorption of certified assets reflects a preference for green properties, which are absorbed by the real estate market in less than half of the time foreseen for real estate without an environmental certification.
Alessia Mangialardo; Ezio Micelli; Federica Saccani. Does Sustainability Affect Real Estate Market Values? Empirical Evidence from the Office Buildings Market in Milan (Italy). Sustainability 2018, 11, 12 .
AMA StyleAlessia Mangialardo, Ezio Micelli, Federica Saccani. Does Sustainability Affect Real Estate Market Values? Empirical Evidence from the Office Buildings Market in Milan (Italy). Sustainability. 2018; 11 (1):12.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli; Federica Saccani. 2018. "Does Sustainability Affect Real Estate Market Values? Empirical Evidence from the Office Buildings Market in Milan (Italy)." Sustainability 11, no. 1: 12.
For years the enhancement of public real estate assets has been at the center of a lively debate in Italy. Over the last few years, as a consequence of a significant decline of the real estate market, public policies have associated the enhancement of public assets with social innovation. Abandoned buildings without any interest for the real estate market have turned into opportunities for development for profit and non-profit entrepreneurs operating in the most diverse domains, with particular reference to cultural-based activities, digital manufacturing and subsidiary welfare. The data collected, relating to 50 significant successful experiences throughout Italy, are aimed at highlighting the conditions that favor the enhancement of public property assets in support of social innovation. In particular, the research aims to describe this phenomenon through quantitative data and it offers an effective interpretation of the main characteristics of bottom-up processes in Italy. Data can be gathered in three groups. The first includes the variables that indicate the location of the case study (region, city, part of the city in which the building is located) and specify the endowment of social capital of the area according to public statistic sources. The second includes the variables related to the dimension (variable considered for size classes) and to the quality of the assets (in particular according to their obsolescence). Finally, the third one considers the juridical and managerial aspects of the relationship between public landlords and self-organized associations and groups (nature of the contract, commitments of the parties, internal organization of associations and groups).
Alessia Mangialardo; Ezio Micelli. The enhancement of public real-estate assets through participation and social innovation: Empirical data from Italy. Data in Brief 2018, 21, 2379 -2383.
AMA StyleAlessia Mangialardo, Ezio Micelli. The enhancement of public real-estate assets through participation and social innovation: Empirical data from Italy. Data in Brief. 2018; 21 ():2379-2383.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2018. "The enhancement of public real-estate assets through participation and social innovation: Empirical data from Italy." Data in Brief 21, no. : 2379-2383.
Recently in Italy, new enhancement forms of real-estate property based on grass-roots participation came to light. The development of these initiatives enabled bottom-up valorization to become a viable alternative to the current forms of reuse of the public assets promoted by the public authorities. On closer look, some experiences are more successful than others that fail in a short time. This seems to depend on the presence of the social entrepreneur, a specific actor able to efficiently coordinate and manage the bottom-up, value-creation process. The aim of this paper is to investigate the role of the social entrepreneur and the way in which he/she promotes the public real-estate properties’ enhancement through grass-roots participation. Comparing two emblematic case studies in Italy, distinguished by the presence-absence of the social entrepreneur, the paper points out the role and the importance of this actor, a catalyst able to seize the economic and the social opportunities gathering around the initiative; to design an overall business strategy; and to involve the citizenry to strengthen these bottom-up initiatives.
Alessia Mangialardo; Ezio Micelli. The Role of the Social Entrepreneur in Bottom-up Enhancement of Italian Public Real-Estate Properties. Smart and Sustainable Planning for Cities and Regions 2018, 569 -577.
AMA StyleAlessia Mangialardo, Ezio Micelli. The Role of the Social Entrepreneur in Bottom-up Enhancement of Italian Public Real-Estate Properties. Smart and Sustainable Planning for Cities and Regions. 2018; ():569-577.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2018. "The Role of the Social Entrepreneur in Bottom-up Enhancement of Italian Public Real-Estate Properties." Smart and Sustainable Planning for Cities and Regions , no. : 569-577.
Edited By Heather Campbell; John Forester; Bishwapriya Sanyal; Khairul Anwar; Carlos Brando; Iwan J Azis; Matteo Robiglio; Ezio Micelli; Riccardo Delli Santi; Dave Vanderhoven. Can We Learn from Our Mistakes? Introduction/Lessons Learned from Implementing Two Programs to Develop More Infrastructure Projects in Asia/Who Does the Agent of Change Represent? Stardom vs. Ownership/Learning from Mistakes/Mistakes, Errors and Possible Failures/Discerning Demography and Economy/Can a Planning and Land Use Lawyer Learn from Past Mistakes?/On Subjective Processes and the Limiting of Enquiry/Afterword: Abiding Challenges of Deliberative Practice. Planning Theory & Practice 2018, 19, 425 -446.
AMA StyleEdited By Heather Campbell, John Forester, Bishwapriya Sanyal, Khairul Anwar, Carlos Brando, Iwan J Azis, Matteo Robiglio, Ezio Micelli, Riccardo Delli Santi, Dave Vanderhoven. Can We Learn from Our Mistakes? Introduction/Lessons Learned from Implementing Two Programs to Develop More Infrastructure Projects in Asia/Who Does the Agent of Change Represent? Stardom vs. Ownership/Learning from Mistakes/Mistakes, Errors and Possible Failures/Discerning Demography and Economy/Can a Planning and Land Use Lawyer Learn from Past Mistakes?/On Subjective Processes and the Limiting of Enquiry/Afterword: Abiding Challenges of Deliberative Practice. Planning Theory & Practice. 2018; 19 (3):425-446.
Chicago/Turabian StyleEdited By Heather Campbell; John Forester; Bishwapriya Sanyal; Khairul Anwar; Carlos Brando; Iwan J Azis; Matteo Robiglio; Ezio Micelli; Riccardo Delli Santi; Dave Vanderhoven. 2018. "Can We Learn from Our Mistakes? Introduction/Lessons Learned from Implementing Two Programs to Develop More Infrastructure Projects in Asia/Who Does the Agent of Change Represent? Stardom vs. Ownership/Learning from Mistakes/Mistakes, Errors and Possible Failures/Discerning Demography and Economy/Can a Planning and Land Use Lawyer Learn from Past Mistakes?/On Subjective Processes and the Limiting of Enquiry/Afterword: Abiding Challenges of Deliberative Practice." Planning Theory & Practice 19, no. 3: 425-446.
The research of new ways to make cities more sustainable has become a central theme in the international agenda. The focus is on retaining, refurbishing and recycling the existing components of the city, converting the current linear economy model into a circular one in the urban sphere. Many economic sectors are moving straightforward in this direction, but construction industry does not seem to be focused on this goal. Representing one of the main responsible of waste production and energy consumption, the construction industry has to undertake a radical change of perspective along with a new social, cultural, and economic interest to regenerate the existing city in a sustainable way. The aim of the research is to highlight how to industrialize the construction industry in a sustainable way. This can be performed through off-site retrofit interventions, where all components are realized in the factory and assembled in situ, guaranteeing at the same time high performance, long lasting interventions and a big aesthetic variety. The paper critically analyses some European case studies through which it is possible to consider and to evaluate the relevance in terms of building components and the business model.
Alessia Mangialardo; Ezio Micelli. Off-site Retrofit to Regenerate Multi-family Homes: Evidence from Some European Experiences. Blockchain Technology and Innovations in Business Processes 2018, 629 -636.
AMA StyleAlessia Mangialardo, Ezio Micelli. Off-site Retrofit to Regenerate Multi-family Homes: Evidence from Some European Experiences. Blockchain Technology and Innovations in Business Processes. 2018; ():629-636.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2018. "Off-site Retrofit to Regenerate Multi-family Homes: Evidence from Some European Experiences." Blockchain Technology and Innovations in Business Processes , no. : 629-636.
Ezio Micelli; Paola Pellegrini. Wasting heritage. The slow abandonment of the Italian Historic Centers. Journal of Cultural Heritage 2018, 31, 180 -188.
AMA StyleEzio Micelli, Paola Pellegrini. Wasting heritage. The slow abandonment of the Italian Historic Centers. Journal of Cultural Heritage. 2018; 31 ():180-188.
Chicago/Turabian StyleEzio Micelli; Paola Pellegrini. 2018. "Wasting heritage. The slow abandonment of the Italian Historic Centers." Journal of Cultural Heritage 31, no. : 180-188.
The research on new ways to make our existing city more sustainable in economic and environmental terms has become a central theme at the national and international levels, with important implications for city management. The collective agenda is focused on retaining, refurbishing and recycling the existing elements by transforming wastes into new resources. This continuous cycle represented by the extension of the product life cycle and the enhancement of the discarded parts in the built environment is changing the economic system used for many centuries. The current linear economy model is going progressively to be converted into a more circular economy. Many sectors—like infrastructure, foods, enterprises, design etc.—are improving their efficiency by adopting a more circular pattern, but construction companies seem to be very far from this purpose. As one of the main sectors responsible of global energy consumption and waste production, the construction industry has to undergo a radical change in perspective on urban development, along with a new social, cultural, and economic interest in rebuilding the existing city in a sustainable way. The aim of this research is to highlight how to transform the construction industry through the circular economy to make urban reuse strategies more sustainable in social, economic and especially environmental terms. The paper considers not only the theoretical implications of the economic paradigm of circularity, but also case studies through which it is possible to evaluate its relevance in terms of design, production and management of such a new perspective. Through a critical analysis of the more relevant circular interventions in Europe to upcycle obsolete buildings, the research highlights the new fundamental rules for the construction industry to regenerate the existing cities. In particular, the cases studies show how the economic and environmental benefits apply to a circular model in the construction industry and how this system is able to generate new social and economic value in existing buildings. The second element is to show how to combine the circular economy with costs via technologies able to match circularity and environmental efficiency.
Alessia Mangialardo; Ezio Micelli. Rethinking the Construction Industry Under the Circular Economy: Principles and Case Studies. Smart and Sustainable Planning for Cities and Regions 2018, 333 -344.
AMA StyleAlessia Mangialardo, Ezio Micelli. Rethinking the Construction Industry Under the Circular Economy: Principles and Case Studies. Smart and Sustainable Planning for Cities and Regions. 2018; ():333-344.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2018. "Rethinking the Construction Industry Under the Circular Economy: Principles and Case Studies." Smart and Sustainable Planning for Cities and Regions , no. : 333-344.
In recent years, new forms of enhancement of public real-estate assets have been developed in Italy. These are based on initiatives promoted by a citizenry eager to pursue their cultural, creative, and entrepreneurial activities in unused assets. The aim of this paper is to estimate the value generated by these bottom-up enhancement processes and to evaluate their economic feasibility from the perspective of the administration owner of the asset, beside any other considerations concerning local development or social capital improvement. The uncertainty affecting grass-roots participation and the value creation process is relevant. Therefore, the adopted approach combines Discounted Cash Flow Analysis (DCFA) with dynamic simulation models and the Monte Carlo methodology. The results highlight a significant value creation process: value appraisals appear to be below valuations made before the market downturn of 2008, but higher with respect to the current market values.
Alessia Mangialardo; Ezio Micelli. Simulation Models to Evaluate the Value Creation of the Grass-Roots Participation in the Enhancement of Public Real-Estate Assets with Evidence from Italy. Buildings 2017, 7, 100 .
AMA StyleAlessia Mangialardo, Ezio Micelli. Simulation Models to Evaluate the Value Creation of the Grass-Roots Participation in the Enhancement of Public Real-Estate Assets with Evidence from Italy. Buildings. 2017; 7 (4):100.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2017. "Simulation Models to Evaluate the Value Creation of the Grass-Roots Participation in the Enhancement of Public Real-Estate Assets with Evidence from Italy." Buildings 7, no. 4: 100.
Enhancing public real-estate assets has been at the centre of a lively debate in Italy. Public policies have focused on the supply-side, assuming that private demand was ready to develop assets. Yet with the decline in the real-estate market, conditions have greatly changed. Italian authorities begun to experiment new approaches to enhance public assets by supporting the grass-roots participation. The aim of this research is to determine the conditions that can predict the successful outcome of bottom-up value creation dynamics in public real-estate properties. Through a multivariate statistical analysis, the study proposes an interpretation of the elements that determine the successful outcome of bottom-up processes.
Alessia Mangialardo; Ezio Micelli. From sources of financial value to commons: Emerging policies for enhancing public real-estate assets in Italy. Papers in Regional Science 2017, 97, 1397 -1408.
AMA StyleAlessia Mangialardo, Ezio Micelli. From sources of financial value to commons: Emerging policies for enhancing public real-estate assets in Italy. Papers in Regional Science. 2017; 97 (4):1397-1408.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2017. "From sources of financial value to commons: Emerging policies for enhancing public real-estate assets in Italy." Papers in Regional Science 97, no. 4: 1397-1408.
Ezio Micelli; Alessia Mangialardo. Riuso urbano e immobili pubblici: la valorizzazione del patrimonio bottom up. TERRITORIO 2017, 109 -117.
AMA StyleEzio Micelli, Alessia Mangialardo. Riuso urbano e immobili pubblici: la valorizzazione del patrimonio bottom up. TERRITORIO. 2017; (79):109-117.
Chicago/Turabian StyleEzio Micelli; Alessia Mangialardo. 2017. "Riuso urbano e immobili pubblici: la valorizzazione del patrimonio bottom up." TERRITORIO , no. 79: 109-117.
The economic enhancement of public real/estate property has become a central theme in Italy. In recent years, public policies have been focusing on the supply-side of the real estate market, assuming that investors and developers could handle the value creation process of the abandoned and underused public real/estate property. More recently, with the decline of the investors’ demand to develop public real-estate assets, new approaches to property-value creation have emerged. These new processes are focused on the demand side, through self-organized grass-roots participation using the assets for profit and not-for-profit purposes. The aim of the paper is to pinpoint some crucial conditions for these bottom-up processes to be effective through the analysis of fifteen bottom-up experiences in Italy. Five conditions emerged to reliably predict a fruitful outcome of bottom-up value-creation processes of abandoned or underused public assets.
Alessia Mangialardo; Ezio Micelli. New Bottom-Up Approaches to Enhance Public Real/Estate Property. Appraisal: From Theory to Practice 2016, 53 -62.
AMA StyleAlessia Mangialardo, Ezio Micelli. New Bottom-Up Approaches to Enhance Public Real/Estate Property. Appraisal: From Theory to Practice. 2016; ():53-62.
Chicago/Turabian StyleAlessia Mangialardo; Ezio Micelli. 2016. "New Bottom-Up Approaches to Enhance Public Real/Estate Property." Appraisal: From Theory to Practice , no. : 53-62.
Themes related to the conservation of the existing city recently became a relevant issue in national and international public policies. One of the challenges that European Union and Italian authorities seek to pursue is sustainable-cities development on energetic, social and economic levels, discouraging urban sprawl, and promoting reuse of the existing real-estate stock. City reuse instead of its expansion onto greenfields has then become in Italy a priority for the construction industry. The aim of the paper is to point out the potential radical change of the construction industry in Italy and the new perspectives the industry can pursue in the future. Existing city reuse can be undertaken in two ways: through demolition and reconstruction or retrofitting the existing real-estate stock. The preference between the two options depends by real-estate market dynamics and by zoning rules made by local authorities. In the majority of Italian cities, retrofit operations appear to be the true challenge because real-estate market values are not capable of supporting radical city transformations through demolition and reconstruction. Market figures make clear that the shift towards reuse is already under way, with a significant growth of the reuse-segment over the span 2008–2014. Nevertheless, the major costs for reuse and the limited budget of Italian families represent relevant issues standing in the way. So the construction industry confronts a new challenge: innovating reuse technology—with reduced costs and increased effectiveness—and finding new sources of value to support the investment choice. The Dutch Energiesprong case study shows that highly-industrialized retrofit processes and the conversion of the energy bill into a financial source to support stock refurbishment represent the pillars of a disruptive and effective strategy.
Ezio Micelli; Alessia Mangialardo. Recycling the City New Perspective on the Real-Estate Market and Construction Industry. Smart and Sustainable Planning for Cities and Regions 2016, 115 -125.
AMA StyleEzio Micelli, Alessia Mangialardo. Recycling the City New Perspective on the Real-Estate Market and Construction Industry. Smart and Sustainable Planning for Cities and Regions. 2016; ():115-125.
Chicago/Turabian StyleEzio Micelli; Alessia Mangialardo. 2016. "Recycling the City New Perspective on the Real-Estate Market and Construction Industry." Smart and Sustainable Planning for Cities and Regions , no. : 115-125.
Ezio Micelli. Restituire alla comunità il public value delle scelte urbanistiche: tassazione vs strumenti di partenariato. SCIENZE REGIONALI 2016, 105 -113.
AMA StyleEzio Micelli. Restituire alla comunità il public value delle scelte urbanistiche: tassazione vs strumenti di partenariato. SCIENZE REGIONALI. 2016; (3):105-113.
Chicago/Turabian StyleEzio Micelli. 2016. "Restituire alla comunità il public value delle scelte urbanistiche: tassazione vs strumenti di partenariato." SCIENZE REGIONALI , no. 3: 105-113.