Democratizing investing: The Washington, D.C.-based online investing platform Fundrise first tested a crowdfunding model with a single property in the city’s popular H Street corridor. Now, after pivoting to become a guided investment site — where roughly 150,000 users invest at least $500 each in a collection of portfolios and plans run by Fundrise professionals that focus on different property types — it’s taking on an entire neighborhood: a 20-building commercial development on West Jefferson Boulevard in Los Angeles. The street’s warehouses and former storefronts would ideally be a new home for restaurants, retail and offices, Patrick Sisson writes, while the project itself aims to be the future of urban development. Today on CityLab: Can an App Renovate a Neighborhood?
-Hadriana Lowenkron
