Harris Khan’s Post

More From the Local Business Times: These megaprojects are crucial for building more homes in S.F. The city is rolling out new tools to get development back on track — along with, maybe, some unfamiliar flexibility.

When asked about the key strengths of Citinova’s Albero development, the response from the urban community was clear: it’s all about location. Nestled in the heart of Greensborough, Albero has drawn attention, from first home buyers to investors, not just for its modern design but for the unique balance it offers—urban convenience intertwined with the charm of a tight-knit community. As part of a Victorian Government high-priority precinct, the suburb is expected to see a population increase of seven per cent by 2027, which has spurred demand for housing. Albero, being the only new apartment development in the suburb, stands to benefit from this growth, as well as from recent government-led infrastructure upgrades, such as the modernized Greensborough Station, which has improved local connectivity. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

Two Toronto-based development companies recognized for their innovations, driving change in building all forms of housing. TAS_Impact, Greenbilt Homes finalists for Building Industry and Land Development Association (BILD) Fearless Innovators award. Here's why... #realestate #newhomes #homebuilding #housing #residential #newdevelopments #homeownership #torontorealestate #toronto #gta

Joor Beautiful In the unforgiving landscape of real estate development, where the weak are left behind in the dust of failed ventures, a bold operation is unfolding on the front lines of Joor Road, just north of the strategic crossroads at Greenwell Springs Road. This is no ordinary construction project; it's a calculated expansion into territory where only the daring venture. The battleground: a sprawling 152.454-acre tract of land, a kingdom of potential in the heart of the Baton Rouge MSA, where the dreams of many are often crushed under the weight of bureaucracy and market forces. Enter the protagonist of our tale, a developer not just known but revered for their forays into the affordable housing market, a warrior in the fight against the housing crisis, constructing fortresses of hope and opportunity amidst the economic desolation. This developer, armed with blueprints and ambition, has set sights on a substantial portion of this land, 44 acres to be precise, to erect two monumental bastions of community and shelter: The Reserve at Joor Place and Morningside at Joor Place. The Reserve at Joor Place, a sprawling 30.26-acre stronghold, is destined to rise from the earth like a phoenix, boasting 360 units of refuge and resilience, a testament to the developer's might and foresight. Not far from this titan, Morningside at Joor Place will stake its claim on 13.92 acres of strategic ground, offering 146 units of sanctuary to those in pursuit of affordable housing, a beacon of light in the dark for the countless warriors returning home from the economic frontlines. Yet, the tale does not end here. With only a fraction of the land claimed for these projects, whispers of further developments ride the winds, hinting at a master plan of epic proportions, a vision so vast it could only be conceived by those who dare to dream big. This developer, a seasoned veteran of the affordable housing battles, knows all too well that in the war for a better tomorrow, one must always be planning the next move. As the dawn breaks over Joor Road, the stage is set for a saga of construction and community, of battles fought not with swords but with cement and steel. In this theater of development, our developer stands ready to change the landscape forever, building not just apartments, but strongholds of hope in the ongoing campaign for affordable living. This is more than development; it's a declaration of intent, a promise of a better future etched in concrete and framed with the bones of the earth itself.

City of Perth delivers planning blueprint for the future ▪️New Planning Scheme to guide future prosperity of Perth for next 15 years ▪️Significant plot ratio increases for key growth areas in the City ▪️Sets course for City to achieve 55,000 residents by 2036 A planning framework to guide the growth and future prosperity of Perth for the next decade and beyond was approved by City of Perth Council tonight. The Local Planning Scheme will now be sent to the Western Australian Planning Commission for approval, before being advertised for further input from City of Perth residents, businesses and the broader community. The Scheme sets a single vision for Perth, giving investors and developers certainty, while removing unnecessary planning layers and red tape. City of Perth Lord Mayor Basil Zempilas said it was not every day a Council was able to implement a dynamic new planning framework for a capital city, one that sets the city on course to achieve its goal of 55,000 residents by 2036. “There are some important elements in this Scheme that will appeal to investors and developers, as well as facilitating a vibrant, liveable City for residents, businesses and visitors alike,” Mr Zempilas said. “That includes a significant increase in the plot ratios available for key areas of Perth. “At a time when cities are competing for investment, this new planning scheme creates important new opportunities for landowners to look at their properties, see the possibilities, and hopefully motivate them to revitalise and reinvest in existing buildings. “The significant plot ratio increases along St Georges Terrace, Kings Park Road and Adelaide Terrace - to name a few - will be the catalyst for new investment and redevelopment of our older buildings in key areas of the city. “New planning incentives will encourage developers to provide more residential development, protect our heritage buildings, deliver environmentally sustainable design and provide opportunities to inject more cultural spaces into our capital city. “Ultimately this will go a long way to delivering a more sustainable and liveable city.” Lord Mayor Zempilas said the introduction of a Significant Tree Register into the new planning scheme was also important. “With the correct checks and balances in place, we can all do our bit in both the public space and on private property to support the planting of new trees and the protection of our urban canopy,” he said. City of Perth CEO Michelle Reynolds said the Scheme had consolidated a number of local planning schemes and was designed to set a planning framework for development and investment in the City for decades to come. “I would like to commend our City Planning staff, they are technical experts who live and breathe our City,” she said.

We are unlocking value of underutilized spaces through our pipeline of multi-family infill projects, driving growth and creating new housing opportunities across Canada. https://lnkd.in/gkneiTPk #RealEstate #UrbanDevelopment #MultiFamily #SustainableDevelopment #Growth #CanadianRealEstate #RealEstateInvestment"

**The Impact of Urbanization on Real Estate** Urbanization is a defining trend of the 21st century, reshaping cities and their real estate markets across the globe. As more people flock to urban areas in search of better opportunities and improved living standards, the demand for housing and commercial spaces intensifies. This surge in urban population drives up property values and necessitates the development of innovative housing solutions and mixed-use projects. While urbanization brings numerous benefits, it also presents significant challenges such as overcrowding and increased competition for limited space. Understanding the impact of urbanization on real estate is crucial for investors, developers, and policymakers as they navigate this dynamic landscape. - **Increased Housing Demand:** Higher demand for housing as more people move to urban areas. - **Rising Property Values:** Property values tend to increase due to limited space and higher demand. - **High-Density Housing Development:** Growth of apartment complexes, condominiums, and other high-density housing options. - **Mixed-Use Developments:** Increase in projects combining residential, commercial, and recreational spaces. - **Urban Revitalization:** Redevelopment and improvement of older urban areas. - **Overcrowding Issues:** Challenges with overcrowding and the strain on existing infrastructure. - **Space Competition:** Greater competition for available real estate, leading to higher prices. - **Infrastructure Needs:** Increased need for improved infrastructure such as transportation, utilities, and public services. - **Investment Opportunities:** New opportunities for real estate investment in growing urban markets. - **Lifestyle Changes:** Shift in living and working patterns, with more people opting for urban living due to proximity to amenities and workplaces.

Perth’s built form is evolving right under our noses. A strategic shift. But have we got our heads in the game? West Australia’s urban landscape is undergoing a much-needed transformation, and at the heart of this shift is the revitalization of what’s often referred to as the 'missing middle.' The recently gazetted iteration of WA’s Medium Density (MD) codes are not about introducing entirely new regulations, but rather tweaking existing ones to better reflect the realities of today’s urban environment. Small, thoughtful steps in the right direction. By adjusting the codes, the push is to capitalize on the potential of Perth’s historic suburbs. These areas already have established amenities, vehicular infrastructure, making them ideal candidates for medium-density development. Instead of pushing new developments out to the urban fringes, the revised codes encourage property owners to re assess their ‘lazy backyard.’ (For the change averse amongst us, its ok. We are not talking about soul-less towers of apartments in your back yard. God forbid.) We are talking about smaller footprint, accessible and sustainable housing diversity. Smaller lots with smarter design becomes the target. Ageing in place is more accessible now than ever before. Young families looking for affordable, well-located homes as well as older residents seeking to downsize without leaving their beloved neighbourhood. In the end, these changes are about more than just housing; they’re about building a Perth that works for everyone. Whether you’re a young professional, a growing family, or looking to downsize, these revisions are paving the way for a more inclusive, walkable and dynamic urban environment. (And hopefully one day in the not-too-distant future we will lose our dubious title as the ‘world’s longest city’) It’s a future where Perth’s built form will reflect the diversity of its people, creating a city that’s not only growing but thriving. The question is, do we have our heads in the game to embrace these changes? Talking MD codes, planning reform and Perth’s built form trajectory with Daniel Paton from Developed: Planning | Spatial | Delivery. Highly recommend Daniel and his team to anyone looking at their options with a property. The Agency - WA The Agency Real Estate Australia Richard Temlett

New paper! Wherein I venture (boldly?) into the world of real estate development, with Jennifer Vey and Tracy Hadden Loh. Developers have huge influence on economic outcomes through their choices about what, where, with whom, and for whom to build. When it comes to major catalytic development projects in urban cores, these decisions matter to both downtown revitalization and regional inclusive growth.   But a tiny fraction of developers have a theory about how to ensure their projects contribute to economic inclusion - and they should, even if just out of self-interest. If their projects involve inclusion-related investments at all, these are usually shaped by sporadic engagement with community organizations that results in a narrow set of commitments (construction jobs, parks and other amenities). This is a huge missed opportunity in the case of major mixed-use projects that present many other opportunities for inclusive job and wealth creation.        This report aims to address this gap. It is motivated by the clear need for a different model for urban real estate development. But it is also motivated by the opportunity to establish a different model. Post-Covid, developers recognize that their downtown projects need to generate (not just rely on) urban vitality, which requires investing in the community. And leaders in city government and community organizations recognize the importance of a thriving downtown, and thus may be willing to collaborate in new ways with developers that are willing to invest in downtown projects.   In this report we lay out an industry-informed framework for how catalytic development projects can and should contribute to economic inclusion. We hope to (1) to inform and inspire other developers by highlighting practices that are working in real for-profit projects, (2) enable city governments and community organizations to make better calibrated and more comprehensive demands of developers, and (3) clarify the limitations of shaping for-profit development, so that city governments know where they need to develop their own capabilities (like public development authorities) to achieve their goals.

Improving local education and economic mobility outcomes requires cross-sector collaboration, but too often, the private sector is left out of the equation or given limited guidance on how to contribute to cross-sector partnerships. Thankfully my friend, Ryan Donahue, and his colleagues at The Brookings Institution recently released a report that offers real estate developers actionable strategies to more effectively contribute to cross-sector, inclusive economy efforts. This report is especially apropos for my #Nashville #Memphis and #Chattanooga development folks!