Real Estate Equities’ Post

There’s good reason for the popularity of mid-rises in #Toronto. These #building types evoke a sense of closeness between residents while boasting the space and resources for impressive amenities and communal areas. More and more developers are opting for this approach, including Diamond Kilmer Developments' (of DiamondCorp) 19-acre master-planned #multifamily community.

My latest column for Downtown in Business looking at the universal challenge of place making and house building..#florida #seaside #wirral #leverhulme #portsunlight #poundsbury #newurbanism #housingcrisis #economicdevelopment #regeneration #kingcharles #money #realestate #placemaking #housing #development #planning #downtowninbusiness

**Lodged for town planning approval** Wright Street Apartments stand in stark contrast to luxury-focused developments, exemplifying a commitment to simplicity and functionality in medium-density apartment living within the suburbs. Housing affordability in Australia has become a pressing concern, with soaring property prices and limited availability creating significant challenges for many individuals and families. With a deliberate avoidance of extravagant elements, Wright Street Apartments project serves as a noteworthy example of prioritising affordability and practicality in housing. Achieving affordability hinges on efficiency. Dive into our insightful article on How Efficiency In Apartment Design Generates Broader Social Good. https://lnkd.in/gr5jzNc7 #housingaffordability #affordable #affordablehousing

#tbtToronto Looking for a starter house? 😉 Back in 1965, owning a home like this was the suburban dream. This architectural style is known as the Victory House, or Strawberry Box House. “Almost a million of these homes were built in Canada between the Second World War and the early 1960s to accommodate the country's burgeoning population. Originally designed for the Wartime Housing Corporation, their uniform design and dimensions made it possible to pre-fabricate many of their elements off-site and assemble them quickly. A basic Victory House was a simple one-and-a-half storey box meant to provide for housing needs as quickly as possible, but homeowners could modify it later to add a garage, a porch, or an additional room. Neighbourhoods of Victory Houses sprang up in areas that were then the outskirts of cities, creating the suburbs we know today. They were often situated on generous lots, originally intended to provide their residents with room for a victory garden. The idea was to make veterans more self-sufficient as they navigated their re-integration into the Canadian economy. The wide lots also proved to have another consequence: urban sprawl. Thousands of Victory Houses can still be found across our city, though many have been knocked down to build larger residences. This one used to stand on Clanton Park Road in North York. Series 2398, file 684, item 1.” - Toronto Archives . . . #torontlife #thesix #torontoishome #torontoliving #realestateupdate #ontariorealestate #ilovetoronto #bluedoorrealty #torontohomesforsale #homesforsaletoronto #torontohomesforsale

The Environmental Benefits of Accessory Dwelling Units: A Sustainable Housing Solution In an era marked by urbanization and a surge in population, the need for sustainable housing solutions is growing. In our quest for a sustainable future, we are witnessing an increasing shift towards Accessory Dwelling Units (ADUs). ADUs, also known as "granny flats", "in-law suites", or "backyard cottages", are compact, standalone residential units built on the same property lot as an existing single-family house. At Prospect 30 Eight Construction, we believe this trend is more than just a passing fad, and here’s why. Read the Full Article: https://lnkd.in/gMayqdZy #CustomHomeBuilder #HomeBuilder #ADU #AccessoryDwellingUnits #HomeAdditions #Denver #Colorado

Exciting Development in Wynwood: Bazbaz Proposes Landmark 48-Story Project. Bazbaz Development is set to redefine the skyline of Wynwood with a groundbreaking proposal for a 48-story apartment tower, marking the tallest project ever envisioned for this vibrant Miami neighborhood. Leveraging the opportunities presented by the Live Local Act, this ambitious project will significantly elevate Wynwood's residential landscape. Project Highlights: Location: The development will occupy a 1.5-acre site at 2110, 2118, and 2134 North Miami Avenue, and 2101, 2129, and 2135 Northwest Miami Court. Scale: The 755,700-square-foot project will feature 544 units, offering modern living spaces in a dynamic area. Parking: The plan includes 321 on-site parking spaces, with an additional eight off-site spaces. Community Impact: At least 40% of the units will be designated for households earning no more than 120% of the area median income, ensuring affordable housing options. The Live Local Act allows developers to exceed local zoning limitations in exchange for providing affordable housing. Under this legislation, Bazbaz Development's proposal, which stands at 48 stories, could have been as tall as 60 stories but already surpasses Wynwood's current 12-story height restriction. Previous Plans and Acquisition: The current proposal is a significant departure from Bazbaz Development's initial plan, which featured an eight-story and a 12-story building with a total of 339 apartments. Bazbaz acquired the development site in 2022 for $12 million, highlighting their commitment to transforming the area. Broader Impact: The Live Local Act has sparked numerous development proposals across South Florida, aiming to address housing affordability while encouraging urban growth. Other notable projects include Moderno Development Group's 27-story 500 Art Lofts in Fort Lauderdale and Whitman Family Development's mixed-use project in Bal Harbour, which has generated considerable community discussion. As this proposal moves forward, it promises to bring new energy and opportunities to Wynwood, enhancing its reputation as one of Miami's most dynamic and evolving neighborhoods. Stay tuned for updates as Bazbaz Development's visionary project progresses. #WynwoodMiami #BazbazDevelopment #MiamiRealEstate #LiveLocalAct #MiamiSkyline #AffordableHousing #UrbanDevelopment #LuxuryLiving #MiamiApartments #RealEstateNews #CityGrowth #CommunityImpact #FutureOfWynwood

One of my fascinations within the built and social environments is the idea of meantime uses. Even before formally practicing real estate in the urban core, it's always been hard to resist walking by a vacant commercial space and not envision what could be built out to breathe life into a block. The Project for Lean Urbanism provided some framework for meantime uses, calling them "quick, temporary, and inexpensive strategies to activate underutilized properties when a weak market doesn't justify more substantial investment." What meantime uses have you seen in your neighborhood? Are there any nuts and bolts I missed when implementing meantime uses? https://lnkd.in/gM8siety

Advertising prior to settlement to minimise vacancy. When we talk about maximising our owner’s income, there are many strategies we utilise and this is just one example. If we can go live before they’ve even settled with the first open booked for the day after settlement just like this apartment here, we’re not wasting any time sitting vacant, potentially costing the owner hundreds in lost rent. Aiming for the highest rent, possible with the lowest vacancy is the ultimate goal. If you or anyone you know is interested in earning more, reach out 0419-411-862. MRE #melbournerealestate #rentals #leasing

Smart cities are popping up everywhere, with all sorts of camouflage: "In Sen̓áḵw’s case, it’s Indigenous by design, whatever it might look like to others. The project offers exciting architectural possibilities which could be replicated elsewhere by Indigenous leaders: a focus on communal public spaces rather than private yards, walking paths over parking spaces and the incorporation of Indigenous languages and designs reflecting thousands of years of site-specific history. And rather than taking an incremental approach to development, with concessions to nearby homeowners, the projects at Sen̓áḵw, Iy̓álmexw and Heather Lands consider the entire community—including those who don’t yet live there, and those often marginalized by city planning, such as renters, non-drivers and, obviously, Indigenous people."

Tactical urbanism is great. It allows for quick fix, trial of an idea and reminds every citizen that public space belongs to them and they have some power to influence outcomes. However, tactical urbanism can only get you so far. For full shakeup of status quo, we need bold strategy, political will and decisive action. And perhaps to substitute LoS as measure of success with socio-economic uplift in the local community. #mainstreet #tacticalurbanism #placemaking #localcommunity #redevelopment