France Media Inc.’s Post

What do planning restrictions on larger properties by Westminster Council mean for London's super-prime property market? The new restrictions, adopted in 2021 as part of the borough’s 2019-2040 ‘City Plan’, mean that no new residences or properties can be greater than 200 square metres (around 2,150 square feet) in size, ‘except where it is necessary to protect a heritage asset’, the 216-page edict reads. The new limit will force a rethink among developers, explains Mayfair property guru Peter Wetherell. ‘When you do a new development, you need to have the trophies – those standout apartments.’ Of particular note, he says, is the show-stopping 14,000 square foot ‘townhouse in the sky’ within the Bryanston, which is priced at £132 million. Click the link below to read the full article featuring Peter Wetherell and Edward Lewis of Savills.

Will this lead to a bifurcation in the market - turbo boosting the value of the largest existing unmodernised properties, with lowere psf values for smaller properties? Will it move trophy homes out of the centre?

You can get to Roosevelt Island by subway, tram, ferry, or car. But even though the island is just a three-minute subway ride to the first stop in Manhattan, it’s not on the radar for many New York City apartment hunters. Unless you already live here or know someone here, it’s not a major destination for New Yorkers. But tourists often make their way over by tram to explore the remnants of the island’s dark history (in the 1800s, it held a prison, insane asylum, and smallpox hospital) as well as its modern attractions, like drinks at Panorama Room, a rooftop bar at the Graduate New York hotel. A new must for visitors: Taking a selfie in front of the giant letters spelling RI near the ferry stop, a feature that Hudson and Related paid for and built. Part of the issue is a lingering assumption that apartment buildings on Roosevelt Island are all public housing, thanks to the island’s former Mitchell Lama buildings, which were built in the 1970s and have a foreboding architecture style reminiscent of East Berlin. But there have been several waves of redevelopment and new construction, making the island a place today’s renters and buyers should consider. Several big projects have changed the character of the island in recent years including the Cornell Tech research campus, Graduate New York hotel, and the Louis Kahn-designed Franklin D. Roosevelt Four Freedoms Park. The latest residential developments include Westview, which launched co-op sales in 2021 following a conversion and extensive renovation; and Riverwalk Heights, the last of a nine-building rental and condo development project, set to open in 2024. Want to know more about Roosevelt Island's evolution? Check out our latest article! #RooseveltIsland #NYCRealEstate #NewDevelopments

Where are CBDs making a comeback? Oklahoma City? What's different about this development? No, it's not just the second tallest building in the USA behind NYC's One World Trade Center. You guessed it. There is zero office space. And the project is getting a big financial boost with $200 Million in tax increment financing for 25 years. A 22-floor luxury hotel Two 23-floor residential towers A 134-luxury apartment tower (to be developed later) 6 floors of affordable housing 2 floors of retail space Various parking structures The project will sit in the middle of an established Bricktown environment of entertainment, restaurants, parks, and walking/running areas that are very appealing as a living environment. The supertall 134-floor tower may never be built. But that's OK. This project does demonstrate the power of surrounding living areas with places people want nearby....and that includes perhaps an office. This sounds a bit like Adam Newmann's Flow project. Has anyone else notice that Flow is yet to be totally unveiled - scheduled for 2023.

Commercial Building Evergreen, CO Commercial Property Evergreen Colorado Navigating the Commercial Real Estate Landscape in Evergreen, Colorado Introduction: Why Evergreen? Evergreen, Colorado, is not just another mountain town; it's a burgeoning hub for commercial real estate. #Colorado #CommercialRealEstate #Evergreen

What's Happening in #Tampa / #StPete: The Miami group behind Edge Collective, a mixed-use project in St. Petersburg’s Edge district, has paid $14.75 million for an assemblage of parcels for the development’s second phase! PTM Partners closed on several parcels in the 1100 block of Central Avenue on Jan. 31. The sellers were Tricera Capital and Eastman Equity. The first phase of Edge Collective includes the Moxy Hotel and the renovation of a historic #office and #commercial building. Phase two will include 350 #residential units via a 20-story tower and a seven-story building. The project will also include 20,000 square feet of #retail space and 350 #parking spaces. Construction on the Moxy Hotel is expected to be completed in the next five to six weeks. The hotel team will then need six to eight weeks to officially open the hotel. The group plans to begin #construction on phase two by the end of 2024 or early 2025. https://lnkd.in/gkCNMYJk Nicholas Pantuliano Michael Tillman Thomas Strand, CFA #multifamily #apartment #mixeduse #development #redevelopment #DTSP #stpeterealestate #tamparealestate #cre #realestate

The next step in the evolution of Kelowna's Capri-Landmark neighbourhood has been proposed, reported Western Investor. "GSL Group has submitted a development permit application to build a large residential tower on the southeast corner of the Capri Centre property at Sutherland Avenue and Capri Street." "The proposal features a 23-storey tower atop a five-storey podium that includes above-ground parking and one level of below-grade parking. The development would have 269 housing units, including six townhouses, 38 two-bedroom-and-den apartments, 63 two-bedrooms, 64 one-bedroom-and-den apartments, 95 one-bedrooms and three studios." "The area around and including Capri Centre mall is tagged in the Kelowna 2040 Official Community as a comprehensive development zone, so no rezoning or OCP changes are required for a 23-storey tower to be built on the site." https://lnkd.in/gSWvgRcV #kelowna #residential #development

Announced Projects I am looking forward to in #Tampa / #StPete: The Miami group behind Edge Collective, a mixed-use project in St. Petersburg’s Edge district, has paid $14.75 million for an assemblage of parcels for the development’s second phase! PTM Partners closed on several parcels in the 1100 block of Central Avenue on Jan. 31. The sellers were Tricera Capital and Eastman Equity. The first phase of Edge Collective includes the Moxy Hotel and the renovation of a historic #office and #commercial building. Phase two will include 350 #residential units via a 20-story tower and a seven-story building. The project will also include 20,000 square feet of #retail space and 350 #parking spaces. Construction on the Moxy Hotel is expected to be completed in the next five to six weeks. The hotel team will then need six to eight weeks to officially open the hotel. The group plans to begin #construction on phase two by the end of 2024 or early 2025. https://lnkd.in/gkCNMYJk Nicholas Pantuliano Michael Tillman Thomas Strand, CFA #multifamily #apartment #mixeduse #development #redevelopment #DTSP #stpeterealestate #tamparealestate #cre #realestate

We're thrilled to share some exciting updates about our vibrant community and the opportunities awaiting you. At The T OKC, we believe that everyone deserves a place they can truly call home. That's why we offer a range of living spaces to suit your unique needs. 1-bedroom, 2-bedroom, or a 3-bedroom, we have the perfect space waiting for you. Each unit is thoughtfully designed to maximize comfort and functionality, ensuring that you have everything you need to live your best life. Phase I: Ready for Move-In Exciting news! Phase I of The T OKC has received its COs (Certificates of Occupancy), meaning that residents can move in and start enjoying the benefits of affordable luxury living. Join us as we welcome new residents and watch our community come to life! Phase II: Construction Progress Update Meanwhile, construction is well underway for Phase II of The T OKC, with framing recently completed. This phase will introduce even more living spaces, expanding our community and providing even more opportunities for individuals and families to find their perfect home. With each beam and structure taking shape, we're one step closer to realizing our vision of creating a thriving community for all. Phase III: Building for the Future Looking ahead, Phase III of The T OKC is on the horizon, with plans to begin dirt work and utility installations in the near future. This next phase represents a continued commitment to growth and expansion, as we work to enhance the infrastructure and amenities that make our community truly special. Phase III will further elevate the living experience at The T OKC and ensure that residents have everything they need to thrive. Join Us at The T OKC Whether you're searching for a cozy 1-bedroom retreat or a spacious 3-bedroom sanctuary, The T Townhomes has the perfect home for you. With Phase I move-ins underway, Phase II construction progressing, and Phase III preparations underway, there's never been a better time to join our community. Discover affordable luxury living at The T OKC and start building the life you've always dreamed of. We can't wait to welcome you home! Special Thanks to our development team members for their amazing help! Oklahoma Housing Finance Agency (OHFA) Midwest Housing Equity Group Horizon Bank SDG Architects Envirotech Engineering https://lnkd.in/gbsRZMcF

Airspace #propertydevelopers Castlemere Developments have secured a prime London location for its next residential project. The Windsor-based company is to build five one-bedroom #airspace apartments at Nicholas Court, Burnt Ash Hill, in Grove Park, London. The development, which will cost a total of £1.35m when complete, will replicate its current airspace schemes by using #offsiteconstruction methods before being lifted into place to complete the work. Nicholas Court, which is a three-story apartment block, will deliver aspirational and affordable #modular penthouse living. The project is expected to be completed by early 2025, with the apartments expected to be on the market for around £260,000 – £270,000 each. Kris Collett, managing director of Castlemere Developments, said: “We have exchanged contracts on securing Nicholas Court and will be delivering properties that are focused on being starter homes and that appeal to first time buyers. “The price of these one-bedroom apartments is going to be very reasonable based on the London #propertymarket. “There is a huge demand for #residentialproperties and we will continue to source suitable locations that we can develop to help meet this need.” Nicholas Court will be built off-site as Castlemere Developments purposely choses off-site #MMC so that it can deliver projects much quicker than onsite developments, reduce the disruption to current residents, and ensure its developments are as environmentally friendly as possible. Collett added: “We have chosen to adopt MMC best practices as it is more cost effective, quicker and also we believe that building airspace apartments offsite is less complex.” This development adds to Castlemere Development’s growing airspace portfolio across London and the south east. It is in the process of the final stages of an 11-unit scheme in Tunbridge Wells, Kent, and has recently announced a £1.8m project to add five apartments at Vision House in Wimbledon Chase. https://lnkd.in/d36wJTsV