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The Triple Bottom Line in Architecture: Developing Properties for People, Planet, and Profit
Prioritizing people and the planet, when it comes to building construction and real estate development, is being seen as more than an ethical mandate - it is a highly profitable approach. Changing market demands, city ordinances, and regulations, and an emphasis on Environmental, Social, and Governance (ESG) factors are all influencing what successful development in the 21st century stands for.
35 Hudson Yards / Skidmore, Owings & Merrill. Image © Dave Burk
Prioritizing people and the planet, when it comes to building construction and real estate development, is being seen as more than an ethical mandate - it is a highly profitable approach. Changing market demands, city ordinances, and regulations, and an emphasis on Environmental, Social, and Governance (ESG) factors are all influencing what successful development in the 21st century stands for.
In Toronto, Canada, the ongoing Downsview Airport redevelopment project showcases this mindset in practice. While traditional development has generally focused on maximizing short-term returns, the Downsview project offers a holistic alternative that can invite significant long-term profits, all while addressing broader societal and environmental concerns.
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