Matthew Gallant • CMP, CCL’s Post

🏡 Let's take on Flint! 🏡 I'm happy to share that Chris and myself closed on a new project yesterday. We are starting the journey of rehabbing a lovable 2-bed and 1-bath Cape Cod in Flint, Michigan. With limited maintenance over the years, and recent fire damage, this home stood a good chance of being torn down. If that were to happen, it would leave a large gap in the middle of the block, and would likely go without anything replacing it. We felt compelled to make the move and tackle the job of giving this place another chance at life. Flint is more than just a city; it's a testament to the strength and perseverance of its residents. Despite facing challenges, the community has shown resilience, continuously striving for better days. We had the pleasure of meeting the surrounding neighbors today and it was awesome. Some really great people that take pride in their homes and care about those around them. In my career with Gillespie Group, we're dedicated to making a positive impact, not just in the business world, but also in the communities we serve. The Stadium District in downtown Lansing is the perfect example of revitalizing a great place to live, work, and play. This aligns perfectly with my personal values, as I believe in the power of grit and determination to drive meaningful change. Grit is one of our core values at Gillespie Group, and it's something I embody in my daily life. It's about having the perseverance and passion to see your work through to the bigger picture, even when the challenges are stacked against you. By investing in the restoration of historical properties like this 1941 home, we are not just renovating a house; we are contributing to the revitalization of a community. Stabilizing neighborhoods and providing quality housing that is affordable are essential steps in creating opportunities for residents and fostering economic growth. I'm proud to be part of this movement toward positive change, and I'm excited to see the impact our efforts will have on the Flint community. I hope this is one of many homes we can see turned around. I'll be sure to report back as construction gets underway! 🏠 #FlintStrong #CommunityRevitalization #Grit #GillespieGroup #RevitalizeMichigan #PropertyManagement #PMAMM #LoveLansing #HomeRenovation #RentalHomes #AffordableHousing #HistoricHomes #VehicleCity

There are many ways you can get involved in making housing more attainable in Stratford! 🏡 From learning about proposed housing projects, City planning, and even adding an accessory suite to your home - every action makes a difference. Get involved at https://bit.ly/49xxi15.

"The housing solution ‘hidden in plain sight’ that Maryland and Mississippi are embracing: When you think of a manufactured home, you might picture an outdated trailer park. That’s no longer the reality." Newer manufactured homes are designed to look more like traditional stick-built housing. They can be constructed to high standards. Though residents often had to lease land for the homes in the past—putting them at risk of rent spikes—increasingly, the homes are being built on foundations and sold with land when zoning allows. And they can be a way for communities to add small, more affordable homes that otherwise wouldn’t be economical to build. https://lnkd.in/eq4YYb-2

This week Pete Reeb is discussing entry level housing prices. What’s considered new entry level detached housing now? Here are the lowest priced SFD new homes we can find today in select CA counties: Contra Costa (Antioch) $605K, Sacramento $440K, San Joaquin (Stockton) $480K, Kern (Bakersfield) $345K, Inland Empire (excluding desert markets) $405K, Los Angeles (excluding the High Desert) $695K, Orange $880K, and San Diego $710K. In most of these areas, there are only a handful of homes at these prices.

Mention Kansas City, Missouri to anyone today and images of world-famous BBQ, Championship Sports, and a budding public romance all contribute to the reputation of a city on the rise.   In a less public way, we’ve been transforming a historical and socially diverse corner of this Midwestern town … one Neighborhood, one Project and one Family at a time. A New View on Life is story about Affordable Housing - A niche segment of the real estate market where demand continues to grow, while supply is projected to shrink. While this might sound like a recipe for investor frenzy, it’s actually a cautionary tale … for those that pursue HUD’s mission to provide “decent, safe and sanitary housing” should not underestimate or oversimplify its complexities. https://lnkd.in/grt4yK4F 4Sight Construction Group #affordablehousing #kansascity #lihtc #section8

Housing markets in western Florida are cooling faster than anywhere else in the country as natural disasters intensify, new construction soars and the pandemic-era homebuying demand boom fades further into the rearview mirror.  North Port’s housing market is cooling fastest, followed by Tampa and Cape Coral. There are three other Florida metros on the list of 10 housing markets cooling quickest: Orlando, FL comes next, followed by Denver, Houston, Minneapolis, Jacksonville, FL, Lakeland, FL and Dallas. https://lnkd.in/eKQcYmC7

Centurion American is excited to announce the development of Alpha Ranch, a premier residential community bringing nearly 4,000 new homes to North Fort Worth. This expansive 1,825-acre development will begin construction in early 2025 and will be completed in two phases. The first phase will feature approximately 1,300 homes from our trusted builder partners, including Ashton Woods Homes, Beazer Homes, D.R. Horton, First Texas Homes, Mattamy Homes, M/I Homes, Inc., and PulteGroup. At full build-out, Alpha Ranch will feature over 100 acres of green space, two elementary schools and a middle school, as well as an additional 100+ acres dedicated to multifamily, commercial, and retail spaces. We are excited to contribute to the growth and vibrancy of North Fort Worth. 🏡 To learn more, read the full article here: https://lnkd.in/gj9eQuV3

The Californian landscape boasts not just mountains and beauty, but a Herculean challenge for homebuyers and renters alike. The "housing conundrum" is a tale of high demand meeting scarce supply. Driving factors include the disparity in land costs, growing labor shortages, and regulatory hurdles that make development an uphill battle. California’s land is rich, yet scarce, and its regulations stringent. To navigate these waters: ⚡ Explore investment in property development to meet rising demands. ⚡ Promote community discussions to support sustainable growth and development. ⚡ Enforce innovative construction methods to cut costs and increase efficiency. Together, thoughtful planning and collective community effort can turn the tide to make the Golden State's housing market more accessible. Share your insights on California's housing landscape below. 🤝 #CaliforniaHousing #RealEstate #HousingAffordability #SacramentoRealEstate CA DRE # 02023430

A story of revitalization and opportunities. Coralville Heights is going through some major changes and it's primed for growth. Built in the 1940s the previous home had stood the test of time, in one of the 1st Coralville neighborhoods, Coralville Heights. Everything grew around Coralville Heights to what is now the heart of Coralville. Coralville Heights is rich in history, and is everything that a new subdivision isn't. Everywhere is walkable, neighbors wave to one another, kids ride their bikes to school, residents take the bus to work. Minutes to the University of Iowa Campus & Iowa River Landing. Nearly +/- 84 years later this parcel is reimagined as something new. New construction homes reaching a wide range of potential owners that continue to find Coralville Heights their home. There are two new construction homes available for sale, find the link below. https://bit.ly/519_10th https://bit.ly/517_10th

Ten Things We Learned From the Panel of Distinguished Commercial Real Estate Leaders Discussing The State Of Development In Our Region At CREW GC’s May Luncheon Program: With thanks to Tom Demeropolis, Cincinnati Business Courier, Peter Horton, CCIM, Terrex Development & Construction, Dan Neyer, Neyer Properties, Inc., John Bumgarner, Al. Neyer: 1.           The factors affecting the cost of development make it almost impossible to do new development; they are working on projects started years ago. There is a lot of construction, but not much development. 2.           While material costs have started to come down, the cost side and revenue side do not align due to the high cost of lending and labor. Revenues cannot meet these costs.  3.           Lenders will not loan on raw land; in the past developers put together large tracts and held onto them. 4.           Cincinnati needs more attainable housing and needs to find areas where higher density multifamily development will be accepted. 5.           Rezoning and approvals from the Army Corps of Engineers take too long. City Council is apprehensive about working with developers due to recent events. 6.           The City of Cincinnati and Hamilton County need to combine their resources and services. 7.           Electrical power requirements have greatly increased due to new industries and bringing manufacturing back to the US. 8.           The population growth in Indianapolis and Columbus is double/triple that of Cincinnati and these cities have more available land and incentives and the benefit of being state capitals which brings more funding for infrastructure improvements. 9.           Be patient and come to events like CREW’s luncheons to stay in touch with issues affecting development. 10.         We are incredibly fortunate to have leaders like these in our community who are willing to spend the time speaking, educating and encouraging progress in the commercial real estate industry and supporting CREW’s mission!