[Toronto, ON] "A new #SupportiveHousing project broke ground Monday in Parkdale. The 42-unit building is the first to get started under a new model where the City of Toronto is the developer. Critics fear the model could lead to less efficiency and slower timelines." - Chris Glover at CBC News explains.
Why are they talking about this as though this is new? It’s been done 7 times before. This is Supportive Housing not Affordable housing which is very very different..
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Amazing news in the #BostonRealEstate scene! Lincoln Property Company recently received a whopping $68.33m in financing from Rockland Trust for an innovative project – transforming a 177k sq ft office tower into a 154-unit apartment building in the heart of Boston. This strategy presents a more cost-effective solution than the average $400k it takes to construct each apartment from scratch. Simultaneously, it adds density to Boston's urban core, a key challenge facing developers. Great to see solutions that embrace efficiency and affordability! Let’s take a moment to reflect on our strategies. Are we exploring all possible avenues to maximize real estate value? Are we overlooking opportunities that capitalize on existing structures rather than building new ones? There’s potential for untapped value right here in #Boston. Feel free to reach out and discuss how we can better navigate the dynamic Boston market and devise strategies that leverage all resources. Let's rethink #BostonRealtor solutions and make informed decisions for maximized returns. Always here to provide expert advice with the #TurcoGroup at #eXpRealty! #BostonCondo #BostonHome #MovemetoBoston
Hazelview Investments is proud to lead a transformative project at 73 & 75 Broadway Avenue, bringing much needed rental units to one of Toronto’s most vibrant and connected neighbourhoods; Yonge & Eglinton. This ambitious development not only delivers a stunning 38-storey tower with 336 brand-new suites but also revitalizes 184 units from the 1960s—setting a new standard for decarbonizing aging infrastructure. By optimizing underutilized land and advancing sustainability initiatives, we’re addressing Toronto’s housing needs while creating modern, efficient rental homes for future generations. As one of Canada’s leading developers and managers of multi-residential housing, Hazelview remains committed to building and managing thriving, sustainable communities where we operate. Read more in our latest press release: https://lnkd.in/giWDtDpv #SustainableLiving #UrbanDevelopment #TorontoRealEstate #HousingSupply #SustainableRealEstate #CreatingValue #HazelviewInvestments #MidtownToronto
Should the Streetcar Expand to North Kansas City? The KC Streetcar Authority is exploring a potential expansion of the streetcar line across the Missouri River into North Kansas City. This extension could connect downtown KC to NKC, bringing more foot traffic, economic activity, and redevelopment opportunities to the area. Mayor Bryant DeLong sees the expansion as a game-changer for residents and businesses: "It can spur redevelopment and economic activity, bringing people from the River Market into North Kansas City." Local business owners are optimistic, too. With more visitors passing through, they anticipate increased visibility and word-of-mouth promotion for small businesses. However, there are challenges, particularly the cost and complexity of bridging the river. Despite these hurdles, the project could have a lasting impact on the area’s growth. What do you think? Should the KC Streetcar expand to North Kansas City? Let me know in the comments!
Awesome to see Nestment featured in Architectural Digest! 👏 Check out the full story below to learn how three Nestment users became homeowners before turning 30... Read the article here: https://lnkd.in/gaFcgQFs
I’m so excited to share that Nestment is featured in Architectural Digest/ The piece highlights three incredible Gen Z Nestment users who are rethinking homeownership and bought their first homes before turning 30 through co-buying.This is exactly why we started Nestment—homeownership should feel possible for everyone. Co-buying isn’t just a clever workaround; it’s a real, practical solution for people who’ve been priced out or felt stuck on their path to owning a home. A huge thank you to Architectural Digest and Madeline Bilis for shining a light on this movement and the role Nestment plays in helping people unlock new possibilities. Check it out here: https://lnkd.in/gh2i_inw Here’s to making homeownership a reality for more people, one step at a time. #Nestment #ArchitecturalDigest #CoBuying #GenZHomeOwnership #AffordableHousing #RealEstate #HomeBuying
Exciting news in New Jersey real estate! 🏙️🏇 A groundbreaking public-private partnership is set to transform Oceanport, NJ with an ambitious $200M mixed-use development. Here's what's brewing: • 80-acre site next to Monmouth Park Racetrack • JEMB Realty leading the charge • Blend of residential, commercial, and recreational spaces This project isn't just about buildings; it's about creating a vibrant community hub that could redefine suburban living in the Garden State. As a NYC real estate professional, I'm intrigued by the potential ripple effects: 1. Could this spark a trend of large-scale mixed-use developments in NJ suburbs? 2. How might this impact property values in surrounding areas? 3. Will it attract NYC commuters looking for a more spacious lifestyle? What are your thoughts on this development? Do you see it as a positive step for NJ's real estate landscape? Let's discuss! Share your insights on how projects like these shape our communities and real estate markets. #NJRealEstate #MixedUseDevelopment #SuburbanRevitalization #PublicPrivatePartnership #RealEstateTrends #TheAceTeam #RealBrokerLLC
We’re excited to share insights from South Florida Business Journal regarding our Flagler Village project. This prime site acquisition marks another step in delivering a vibrant, mixed-use community to one of Fort Lauderdale’s most dynamic neighborhoods. Read more about the details of this acquisition and our vision for Flagler Village by clicking the article below. #SPDevelopments #FlaglerVillage #FortLauderdaleDevelopment #MixedUseProject #UrbanGrowth #SouthFloridaBusinessJournal
🚋 #TimeCapsuleThursday: Expansion and Peak of the Streetcar System 🚋 In the early 20th century, St. Louis experienced the expansion and peak of its streetcar network, forming an extensive transit system that significantly impacted urban development. 🛤️ Expansion of Routes and Service Areas: The streetcar network expanded to include numerous routes, connecting neighborhoods and suburbs, thus improving accessibility and fostering community growth. 🌉 Major Infrastructure Projects: Significant infrastructure projects, including the construction of bridges and tunnels, facilitated the expansion of streetcar lines and improved city-wide connectivity. 🏙️ Urban Development: The streetcar system was instrumental in shaping St. Louis's urban landscape, driving the development of residential and commercial zones and stimulating economic growth. #EngineersClubStLouis #StLouisHistory #UrbanDevelopment #EngineeringHistory #StreetcarSystem
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The shortage of affordable housing, particularly in high-demand urban areas like New York and Philadelphia, is creating unique investment opportunities for firms that cater to specific market needs. One such firm is Outpost Club, a real estate management company specializing in furnished co-living spaces for students and young professionals. Founded in 2016 by CEO Sergii Starostin and COO Alex Prykhodko, Outpost Club has capitalized on the persistent demand for affordable housing by offering a flexible, community-oriented living experience. With 40 properties across New York City and Philadelphia, Outpost Club manages over one million square feet of real estate and maintains a 97% historical occupancy rate. Their business model, which generated $25 million in annual revenue, focuses on providing convenience and affordability. Starostin notes that while New York’s rental market remains competitive—with a vacancy rate plummeting to just 1.4%—Outpost Club continues to outperform traditional leasing models. In 2023, their average monthly rental revenue per unit was $9,800, roughly 31% higher than traditional leases, and their net operating income (NOI) increased by 25%. Outpost Club’s success is attributed to its focus on reducing the hassles associated with renting. Tenants are willing to pay a premium for furnished spaces, pre-set utilities, and flexible lease terms, while landlords benefit from higher NOI despite upfront investments in furniture and equipment. Family office investors have recognized the potential of this market, investing in properties managed by Outpost Club, viewing it as a stable, long-term opportunity in an unpredictable housing market. As New York continues to grapple with its housing crisis—despite recent efforts by Governor Kathy Hochul to increase housing permits—the need for innovative solutions like co-living will remain essential. The global shortage of affordable housing is not just an economic issue but a political one, and businesses like Outpost Club exemplify how real estate firms can turn these challenges into opportunities. #AffordableHousing #RealEstateInvesting #CoLiving #StudentHousing #NYCHousingCrisis #FamilyOffices #RealEstateInnovation #OutpostClub #FlexibleLiving #HousingShortage Contact me to discuss the latest scoop in real estate! #manhattanrealtor #brooklynrealtor #queensrealtor #bronxrealtor #westchesterrealtor #nyrealtor #nycrealtor #realtist #nyrealestate #douglasellimannewyork
Including triplex and fourplex housing in the residential building code is a proactive step toward addressing many of the pressing challenges faced by modern communities. It promotes housing affordability, efficient land use, and environmental sustainability while fostering diverse and inclusive neighborhoods. These are just a few benefits of including triplex and fourplex housing in the residential building code. 👉 https://lttr.ai/AYV9b #Triplex #Fourplex #BuildingCode
New York City's real estate landscape is ever-evolving, and Downtown Brooklyn is no exception! 🏙️ The Jay Group has set its sights on 275 Flatbush Ave. Extension, right across from the bustling City Point complex. They've filed plans to demolish the existing 1-story building, paving the way for an exciting redevelopment opportunity. This move signals continued investor confidence in Downtown Brooklyn's growth potential. As a real estate professional, I've witnessed firsthand how strategic redevelopment can transform neighborhoods and create value for both residents and investors. What do you think this means for the area? 🤔 Will we see another mixed-use development rise from this prime location? 🏆 How might this impact property values in the surrounding blocks? 🌆 What amenities or features would you like to see in a new development at this site? Brooklyn's skyline is changing, and it's thrilling to be part of this dynamic market. Whether you're a potential buyer, seller, or just an enthusiast of NYC real estate, keeping an eye on these developments is crucial. Let's discuss! Share your thoughts on this upcoming project and its potential impact on Downtown Brooklyn. #NYCRealEstate #BrooklynDevelopment #UrbanPlanning #RealEstateTrends #TopPropertiesTeam #RealBrokerLLC #RealBrokerage
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2wReplicated and at scale ain’t gonna happen with the cast of characters you’ve assembled. The Mayor’s selfish decision to bury Brad Bradford is a huge step backward in achieving your goal and the current path defines the definition of insanity. I’ve diarised to check back in two years from now to see where this project sits.