New Century Cities: Real Estate Value in a Digital World

New Century Cities is a joint research initiative between MIT�s Center for Real Estate, City Design and Development (Urban Studies and Planning), and the Media Lab�s Smart Cities group. It focuses on a new generation of development projects. These ambitious initiatives are emerging at the intersection of social policy, technology, urban design, and real estate development, and are located in what we call New Century Cities (NCCs). You will find them today in New York City; Cambridge, Massachusetts; Belfast; Helsinki; Copenhagen; Seoul; and Singapore. In addition, NCC projects are on the drawing boards in places such as Florianopolis, Brazil and Zaragoza, Spain. These projects vary in size and in how their development is organized and led. The research initiative focuses on developing a profile of these projects, creating development guidelines, and collecting case studies of technologies that fulfill these visions for future urban spaces.