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An Evaluation of the Sustainability of Inner City Residential Projects

Abstract When analysing the ways in which the built environment is produced as well as consumed, either by the user or investment side of the real‐estate market, much is determined by the way in which investors and developers respond to differences in policy environments. It is furthermore argued that in inner city residential development projects the relevant investment criteria ought to reflect multidimensional sustainability rather than one‐dimensional profitability considerations. An evaluative case study of de Pijp, an inner city neighbourhood in Amsterdam, finds that neighbourhood revitalization initiatives can avoid social and environmental unsustainability even amid lesser government involvement and high house price inflation. The wider implication of this finding is that house price premiums set by sellers together with increasing buyer demand plausibly indicate the feasibility of financial incentive based solutions for the problem of unsustainable inner city residential projects amidst the reality of weakened government powers for maintenance.