If you’re in Atlanta, come check out Resia Tributary, our first 433 apartment community delivered in Douglasville. Tenant amenties include “The Square” entertain space, pickleball court and restuarant/coffee shop.
#Resia#Resianowleasing
*NEW LISTING*
Garden Park Court - 3498 Lovat Ave, Saanich, B.C.
This week, we are launching this 106-unit, seven (7) building walk-up apartment complex in Saanich. This deal represents a rare and unique opportunity for our market as it offers scale in terms of both unit count and land base. The property is a +/- 4-acre parcel and is, therefore, one of the largest available parcels in immediate proximity to the Uptown Core.
Other highlights include:
🏢Each of the seven buildings is unique in configuration and has different suite mixes. The property has an attractive mix of bachelor, one-bedroom, two-bedroom, and three-bedroom units.
📈Rents are, on average, 31% below CMHC market levels for the Saanich Centre sub-area in which Garden Park Court is located. Average rents are $1.81/SF.
🎯All buildings are walk-ups with minimal common areas, and each unit has a private entrance. Therefore, the property has a lower-than-typical expense ratio compared to other legacy apartment buildings.
🛠️Saanich is in the process of adopting a new OCP, which includes a sub-area study (Quadra McKenzie Study) that designates the property as a “Corridor”, allowing multi-unit residential development up to six (6) storeys.
This is an exceptional value-add play with significant upside in rents and ancillary income with future redevelopment potential, allowing prospective purchasers to secure a significant foothold in a core Saanich location.
For more information, please feel free to contact the listing team!
Brandon Selina PREC I Dominic Ricciuti PREC I Michael Miller
https://lnkd.in/gUq2TZeS
The New York Times | Extolling the virtues of #ADU’s + #IMBY’s
Michael Kimmelman ‘In 2017 California legislators took a step in the right direction, streamlining the approval process for the construction of accessory dwelling units — ADUs or granny flats, as they’re also called: garage apartments, backyard cottages and studios added to existing houses.
https://lnkd.in/gTy8StnA
ADUs are less expensive to build and to rent than most other housing types, so they’re an obvious and relatively simple way to increase housing stock.
They have come to account for more than 20 percent of new housing in Los Angeles…’
‘The city of Los Angeles…has been encouraging the construction of more accessory dwelling units — backyard granny flats, as they’re called — issuing more than 40,00 permits last year…’
https://lnkd.in/gJPRkth7#ADU#IMBY#ADUs
Introducing a permit ready development opportunity of a modern multifamily apartment complex at 9055 Gerber Road, Sacramento. The project is set on a 9.39-acre site with 6.6 acres utilized for 132 units in Phase One under the RD-20 zoning regulations. When completed, this four-story development will feature 336 one-bedroom and two- bedroom units equipped with premium amenities, including elevators, bike storage, a yoga and spin studio, theater, and co-working spaces. The rooftop will offer social spaces with seating areas, dining options, and private cabanas, while the clubhouse will provide a fitness center, conference rooms, a convenience market, and leisure areas. Residents will also enjoy a resort-style pool, bocce and pickleball courts, BBQ spaces, and electric vehicle charging stations, all designed to promote community, comfort, and convenience.
The property is located in an Opportunity Zone under the Tax Cuts and Jobs Act of 2017. This federal program allows investors to defer or eliminate taxes on money they’ve made from selling property.
The project will transform a vacant, underutilized parcel into a vibrant, landscaped community, enhancing the local area with a thoughtful design featuring brick veneer, mixed siding, and two-toned stucco. It will meet RD-40 zoning requirements, capitalizing on the location’s potential with sustainable, all-electric units and assigned parking. The development will provide high-quality housing while promoting economic growth in Sacramento, making it a sought-after destination for residents and a valuable asset to the neighborhood.
https://lnkd.in/gS62UV8uhttps://lnkd.in/gvFtY5zf#DRE00926188#SteveCarpenterRealEstate#RealEstate#CaliforniaRealEstate#LyonRealEstate#windermererealestate#SacramentoRealEstate#JustListed#OneOfaKind#California-ForSale #USA-ForSale
The End of Wynwood? Massive projects would remake Miami’s hippest neighborhood
Miami’s Wynwood may be the hottest, hippest neighborhood in America’s hottest city: A dynamic urban fusion of repurposed industrial buildings and warehouses interspersed with new, low-rise buildings housing shops, bars and restaurants, offices and apartments, all of it steeped in artful design and curated graffiti murals. Its success is no accident.
Critics say Live Local is a giveaway to developers and the promised affordable housing is anything but that. The tower plan, by Bazbaz Development, calls for 544 apartments and even more cars and parking, or 621 spots, at North Miami Avenue and Northwest 21st Street. That would effectively bring a downtown Miami density to narrow Wynwood streets already nearly overwhelmed with traffic and infrastructure that has barely kept up with the current wave of redevelopment.
To know more about how I can assist you with your real estate needs, give me a call today! Christy - 786-333-3652
Christy Benitez, CDPE, CRS, e-Pro, GRI, NAHREP
Member of the Institute for Luxury Home Marketing™
Short Sale & Foreclosure Specialist
786-333-3652
[email protected]www.christysteam.kw.com#miamirealestate#miami#kendall#realestate#miamirealtor#realtor#miamibeach
Let’s file this in the "I’m 99.999999% Certain This is Never Gonna Happen" category — but still.
Zoning rule changes under consideration for the closed Lakeside Mall site in City of Sterling Heights would allow for buildings on the northern portion of its 110 acres on Hall Road at Schoenherr to be — yikes — up to 50 stories tall.
To be clear, the current vision for the property owned by Miami Beach, Fla.-based OUT OF THE BOX VENTURES does not include any buildings even remotely that tall. At most, some of the senior housing envisioned for the southeast corner of the property tops out at six stories, and the other residential buildings are four or five stories in height.
More on the thinking behind the height provisions here in Crain's Detroit Businesshttps://lnkd.in/eJPYEMb3
Two more examples of gentle density from Hamilton's lower city and one example of a commercial to residential loft conversion from the heart of downtown.
The first two are buildings that have been sharing their streets with single-family homes for more than a Century.
These buildings are part of the character of these neighbourhoods while also happening to provide much-needed housing.
While the third is a The Hamilton Spectator warehouse building in the middle of Hamilton's downtown that was converted into residential lofts, with an addition to provide extra units with rooftop balconies.
All beautiful examples of the diversity of Hamilton's housing stock and how old buildings like these can still be really desirable places to live.
#Housing#Density#GentleDensity#RentalHousing#Condos#Lofts#LoftConversions#Home#History#HamOnt#RandomMusings
