Real Estate

Climate change forcing real-estate developers to add weather-proofing

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An aerial image shows a red roofed house that survived the fires surrounded by destroyed homes and buildings burned to the ground in the historic Lahaina in the aftermath of wildfires in western Maui in Lahaina, Hawaii on August 10, 2023.

Patrick T. Fallon | AFP | Getty Images

Along East Boston’s waterfront sits The Eddy, a two-building property with over 250 luxury apartments. Its harbor-side location provides unobstructed views of the Boston skyline. It also leaves the building particularly vulnerable to sea surges and flooding.

When developers imagined The Eddy in 2014, they kept that weather exposure in mind.

According to the Urban Land Institute, or ULI, the developers built The Eddy…



Source cnbc.com

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