Américas 1:34:32
Resumen de video:

The Fayetteville Street Corridor is a spine through the middle of Durham, NC’s Hayti neighborhood, the historical location of many of Durham’s Black businesses and the hub of economic activity. Yet, the 1958 authorization of the creation of Route 147, effectively dismantled the once thriving Hayti community—while creating a freeway to connect the newly planned Research Triangle Park to downtown. 

Today, Hayti is still home to many small businesses, historical landmarks and community organizations of importance to the Black community. The Fayetteville Street Corridor is a gateway that remains vital to the economic development of Durham and preservation of Black history and culture.  In the current moment, there is unprecedented market demand for property in Durham, NC. The Fayetteville Street Corridor is feeling development pressure as the demand for property is outpaces supply.  Homes are rapidly selling and/or renting at record levels. Impending change to the historic neighborhood is palpable.    

The Hayti Heritage Center asked ULI to explore opportunities for the redevelopment of the Fayetteville Street Corridor with a community-centered mindset, ensuring the community is involved in both planning and economic participation.  Among the panel’s recommendations:

  • Launch community-led engagement to create a shared vision for the future of Hayti and the Fayetteville Street Corridor •Improve Fayetteville Street with streetscape improvements and protection of historic structures
  • Maintain cultural identity through creative placemaking
  • Maintain affordability in both rental and ownership housing, especially for legacy residents
  • Strengthen North Carolina Central University and nurture NCCU’s entrepreneurial activities
  • Invest in the Hayti Heritage Center
  • Launch a capital fund targeted for Black entrepreneurship and Black-led real estate development and ownership.
  • Capture new employment opportunities for Hayti residents
  • Leverage strategic partners and communicate goals 

The report for this Advisory Services Panel is available to download here.

Resumen de video: The Fayetteville Street Corridor is a spine through the middle of Durham, NC’s Hayti neighborhood, the historical location of many of Durham’s Black businesses and the hub of economic activity. Yet, the 1958 authorization of the creation of Route 147, effectively dismantled the once thriving Hayti community—while creating a freeway to connect the newly planned Research Triangle Park to downtown. 

Today, Hayti is still home to many small businesses, historical landmarks and community organizations of importance to the Black community. The Fayetteville Street Corridor is a gateway that remains vital to the economic development of Durham and preservation of Black history and culture.  In the current moment, there is unprecedented market demand for property in Durham, NC. The Fayetteville Street Corridor is feeling development pressure as the demand for property is outpaces supply.  Homes are rapidly selling and/or renting at record levels. Impending change to the historic neighborhood is palpable.    

The Hayti Heritage Center asked ULI to explore opportunities for the redevelopment of the Fayetteville Street Corridor with a community-centered mindset, ensuring the community is involved in both planning and economic participation.  Among the panel’s recommendations:

  • Launch community-led engagement to create a shared vision for the future of Hayti and the Fayetteville Street Corridor •Improve Fayetteville Street with streetscape improvements and protection of historic structures
  • Maintain cultural identity through creative placemaking
  • Maintain affordability in both rental and ownership housing, especially for legacy residents
  • Strengthen North Carolina Central University and nurture NCCU’s entrepreneurial activities
  • Invest in the Hayti Heritage Center
  • Launch a capital fund targeted for Black entrepreneurship and Black-led real estate development and ownership.
  • Capture new employment opportunities for Hayti residents
  • Leverage strategic partners and communicate goals 

The report for this Advisory Services Panel is available to download here.

RELACIONADOS
Sesión de evento

ULI Toronto: Earth Week 2024 Day 5: Circular Economy

Watch ULI Toronto’s final Earth Week webinar, unveiling the innovative practices driving the circular economy in European real estate to Toronto's industry leaders.
Caso de estudio

Lucille and Bruce Terwilliger Place

On September 23, 2022, the Arlington Partnership for Affordable Housing (APAH) celebrated the grand opening of Lucille and Bruce Terwilliger Place, a new 160-unit affordable housing project in Arlington, Virginia, built on the site of the aging Ameri...
Informe

Alberta's Escalating Housing Crisis: Impacts, Challenges and What Can Solve it by 2030

With many significant economic and social factors at play, the increasing challenge for average Albertans to find an affordable place to live is at the forefront of those who wish to make a life in this province.
Temas