Robert Nichols’ Post

The #flighttoquality series returns! Take a look at Downtown Detroit's Capitol Park. This is now a beautiful public space with a great roster of retail and office tenants. Lo and behold, quality buildings attract quality tenants... Capitol Park up to about maybe eight years ago was a tough part of town, and that's being polite. I keep things pretty family friendly on these posts, so let's just say the atmosphere here was anything but family friendly. Think of NYC's Times Square in the 1970s. The sites, the sounds, and the smells got pretty rough in a big hurry. Today, we have upmarket apartments built by Broder Sachse Real Estate and a few others. Class A tenants like PEA Group, Rehmann, District by Design, and Gensler are in the neighborhood. Also, the food here is top notch: Dessert Oasis, Cannelle, Layla, La Lanterna, and Prime & Proper cover all the bases—from coffee to steaks. Walking through this area in 2012, it would be impossible to imagine what's been accomplished now. Capitol Park demonstrates in no uncertain terms that the flight to quality dynamic only works when there's quality places to go. Without the investments in the public infrastructure and some visionary developers taking some calculated risks on some of these great old buildings, none of these tenants would ever have even though to come here. #detroitteam & #brokerpals: Brendan Matt Steve Gabe Jared Wendy Beth Mark Eric Jeffrey Scott Bill Connor John Janet Randy Michael Lori Bill Renee Kurt Anthony Steven Mark Darryl Khalil Kelly Josh Nigel Jim Adam Nicole Christopher Mike Kim: not sure about you, but Capitol Park has become one of my favorite spots in Detroit. #savills #detroit #ccim #sior —

Like many things we feel should be simple, converting office buildings to residential use is not easy. In a painful, serendipitous and ironic way, the decline of the office markets is making formerly unfeasible projects become financially possible. Interested? DM me, let's talk.

Rochester, NY 🦁: Top Developments to Watch 👀 for Investors! Calling all real estate rockstars! Rochester, NY is quietly becoming a major player in the investor game. Here's a look at some developments ripe for the picking: 19th Ward (North Central): This historic area is experiencing a beautiful renaissance. Think restored mixed-use buildings offering modern apartments, trendy shops, and vibrant community spaces. Ideal for young professionals and students seeking an urban vibe. ☕️ Corn Hill Arts District (Downtown): Converted warehouses and historic buildings are transforming into stunning lofts, art studios, and chic eateries. This walkable gem attracts creative professionals and those seeking a one-of-a-kind lifestyle. ️ Genesee Brewery Revitalization (North): History meets opportunity! The iconic Genesee Brewery site is undergoing a massive redevelopment. Imagine apartments, retail space, a beer hall, and potentially a new baseball stadium – all steeped in Rochester's rich brewing heritage. ⚾ University District Transformation (East): The University of Rochester is a major economic driver, and the surrounding area is seeing exciting growth. Expect new student housing options, research facilities, and a focus on walkability and green spaces. Perfect for investors seeking stable, long-term returns. Beyond these: Rochester's Inner Loop is undergoing a beautification project, and the High Falls District is a hub for restaurants and nightlife. Keep an eye on these areas for further development potential. ️ Remember: With a strong healthcare sector, affordable living, and a growing young professional population, Rochester offers a unique blend of stability and potential. Do your research and find the development that matches your investment goals! https://lnkd.in/e_Sk_ZkW #RochesterNY #RealEstate #Investment #Development #Opportunities

I sat this weekend looking out the window towards the John Hancock Center, and it’s still wonderful to observe. When completed in 1969, it became the second tallest building in the United States. Its structural cross-bracing was the first of its kind and an engineering marvel. It was the most unique structure since the Empire State Building. This was a perfect building in an ideal location 55 years ago. Top Architects and builders in the world were assigned to innovate. Then it sank in. Owners and developers need a vision for the future of community connectivity because we are losing it fast. We could not fathom that a pandemic would advance the decimation of this Magnificent Mile corridor of Chicago that lacks efficiency to our lives. People refuse to take 45 minutes to travel west a few miles towards our highways and central transit. We routinely see scooters and walkers pace faster than the vehicles that smother our city. A vision of connected live, work, play, COMMUTE must advance now. The ineffectiveness of road and rail in the east of the city has transitioned to unveiling the new. Fulton Market’s vibrance, cobblestone, and warmer feel are what 2030 professionals will double down on. As a builder, I am committed to constructing Chicago's path to a city with greater potential to serve the new professional. US cities are competing for talent, and it's up to us to create safe, affordable, clean, secure, connected, and happy cities that fill us with hope & purpose - for both businesses and citizens. New businesses must think and breathe a Chicago with more significant opportunities than Miami, Dallas, Phoenix, Nashville, etc. We must learn and act fast. Our buildings depend upon it. #constructiontitan 🦺🦺🦬🦬 #Chicago #communityconnectivity #architecture #cityplanning #talentcompetition #professionalopportunities #citiesofthefuture #developers #architects #engineers #hope #generalcontractor #construction #connectedcities

NYC is Building More Apartments Than Ever Ever feel like NYC is one giant construction site? Well, you're not imagining things! A new report from RentCafe shows that New York is leading the country in apartment construction for the third year in a row. By the end of 2024, nearly 33,000 new apartments will be ready! Brooklyn is really taking the lead with over 9,000 new units—three times more than Manhattan. 🏠 What does all this new development mean for New York City's future? This boom isn’t just about more buildings; it's about more homes, more opportunities, and maybe even changing how we live in the city. What are your thoughts on all this new construction? I’d love to hear! #RealEstate #Construction #projectmangement #aceprojectmanagement

Two new zoning designations are poised to enhance development along Connecticut Avenue in Chevy Chase, DC, with applications set for review by the National Capital Planning Commission this September. - NMU-4/CC1 Zone: This zone will cover much of the commercial corridor, allowing a mix of low-density commercial and moderate-density residential uses—think ground-floor retail with apartments above. - NMU-4/CC2 Zone: Focused on civic sites, this zone supports moderate-density housing alongside community facilities, aligning with the Chevy Chase Small Area Plan. These zoning changes reflect a vibrant vision for a mixed-use community that fosters local economies and enhances neighborhood dynamics. With successful models in areas like Cleveland Park and H Street NE, we’re excited about what lies ahead for Chevy Chase! Let’s keep an eye on these developments: https://lnkd.in/eaZTgubm #mixedusedevelopment #dcrealestate #communitydevelopment

Smart Designs: Affordable Living in Florida is officially available in the Tampa Bay Business Journal and our website. BDG's thought leaders delve into the complex landscape of affordable housing development. Successful planning demands a comprehensive understanding of diverse variables and a strategic, risk-averse approach. This white paper covers key considerations including regional development experience, financial sustainability, zoning analysis, building quality, market influence, economic and political factors. Assembling an adept team and establishing a well-prioritized work plan are emphasized as essential components in navigating the intricate early planning stages of development. Read More: https://lnkd.in/e7gN7quY https://lnkd.in/eBtf4ujq #SmartDesigns #AffordableLiving #Florida #LeasershipINArchitecture

NEW TO MARKET FOR SALE: Not a lot of opportunities come along like this in Ohio City... This two-story 8,200 SF mixed-use gem boasts frontage on Lorain Avenue and Market Ave (now a bustling pedestrian-only street). Ready-to-go 4,100 SF restaurant space with a charming patio awaits a new owner/occupier. Upstairs, discover beautifully appointed offices, fully leased with excellent tenants. What sets it apart: --Thoughtful historic restoration. Abundant character minus the typical older-building hassles. --Unbeatable location. Embrace the dual exposure on Lorain's busy thoroughfare and Market Ave's vibrant pedestrian scene. --Low maintenance and hassle-free ownership. With minimal common areas, new roofing and HVAC systems, and full occupancy upstairs, peace of mind comes standard. $1,500,000 Cushman & Wakefield | CRESCO Real Estate George J Pofok, CCIM, SIOR Ryan Curtin

Recent developments suggest that Jacksonville's downtown area is on the cusp of a remarkable transformation. According to the State of Downtown Report by Downtown Vision, this could lead to an unprecedented era of growth and prosperity. This article highlights the potential for Jacksonville's downtown area to undergo a major transformation, setting the stage for a prosperous future. This is great news for the city and for anyone looking to invest in its growth. #Jacksonville #Florida #growth #prosperity #investing

Exciting Update: Uptown Dallas is on the brink of a major transformation! Here's what we know: Prime Location: Lincoln Property Company has acquired a pivotal 4-acre site for a groundbreaking mixed-use project, set to redefine Uptown Dallas's landscape. Dynamic Mix: Expect a vibrant fusion of residential, commercial, and recreational spaces, creating a dynamic urban hub for all. Lincoln Property Lead: With Lincoln Property Company at the helm, anticipate unparalleled expertise and innovative design shaping every aspect of this development. Economic Momentum: Beyond bricks and mortar, this project promises to invigorate the local economy, generating new opportunities and vitality. Future Outlook: This initiative reflects Uptown Dallas's ongoing evolution, solidifying its status as a premier urban destination. We'll keep you posted as more information becomes available! #UptownDallas #MixedUseDevelopment #LincolnProperty #UrbanRevitalization #DallasRealEstate #TexasRealEstate #AnthonyCedanoRealEstate