🏢 Stash Geleszinski CCIM’s Post

Today Governor Kathy Hochul announced the 11 leading real estate groups selected in the third round of the $50 million Empire Building Challenge to advance climate-friendly multifamily buildings in New York State. By The Numbers: 🔢 The Empire Building Challenge now has partnerships with 2️⃣7️⃣ real estate leaders who control over 4️⃣0️⃣0️⃣ million square feet of commercial and multifamily real estate in New York with public commitments to decarbonize over 1️⃣2️⃣8️⃣ million square feet. These partners control over 2️⃣0️⃣ % of commercial office space in New York City and over 2️⃣0️⃣0️⃣,0️⃣0️⃣ 0️⃣ units of housing throughout the State. Today’s announcement also included the launch of “The Retrofit Playbook for Large Buildings” This free online resource supports building owners advancing carbon neutrality in large commercial and multifamily buildings. It includes a suite of planning guides specifically geared towards enabling the decarbonization of commercial office spaces. https://lnkd.in/eM_sAD6j

Colleagues and collaborators in #cleanenergy and #affordablehousing come learn how to stack dollars and benefits in your next project!

Uncover the truths about #PassiveHouse construction and learn why it's gaining momentum in Multifamily developments! From energy savings to building costs, Brian Skender debunks six common myths and clarifies the differences between Passive House, LEED and Net Zero building standards.   Pictured: Skender under construction at Fifth City Commons, a 43-unit, all-electric, Passive-House affordable housing complex and retail space on Chicago’s West Side.   Read Brian’s article in Multi-Housing News: https://lnkd.in/dfBXaJa5

On Monday, August 12th, Andrew Watkins and the JZMK team, alongside City Staff, presented an update on the Moraga Canyon Specific Plan with the Piedmont Planning Commission. The workshop aimed to gather support and feedback on the proposed architectural styles for the new multifamily residential development. The Planning Commission provided valuable insight and endorsed the proposed styles. Once the Administrative Draft of the Specific Plan is ready, the Commission will review the full document and offer additional feedback. Stay tuned for more Moraga Canyon updates! #CommunityUpdate #UrbanPlanning #CityDevelopment #ArchitecturalDesign #PiedmontPlanning #MoragaCanyon #SpecificPlan #ResidentialDevelopment #PlanningCommission #CityPartnership #DesignFeedback #FuturePlanning #BuildingCommunity #UrbanRenewal #NeighborhoodDevelopment #PlanningUpdates #ArchitecturalStyles #CommunityInput #CityProjects #DevelopmentPlans #PiedmontUpdates #MultiFamilyHousing #CityCollaboration #PlanningNews #DevelopmentUpdate #UrbanGrowth #ArchitecturalTrends #FutureOfPiedmont #CommunityEngagement #CityDevelopmentNews

In Episode 6 of Sentinel Property Group CEO, Warren Ebert’s, interview with Catherine Cashmore’s Land Cycle Investor, he delves into the complexities of transforming office spaces into residential units. He highlights key issues such as unsuitable floor plates, lack of natural light, and high modification costs. Regulatory challenges and market realities further complicate these conversions, often making them financially unviable. Warren discusses why many projects stall despite numerous approvals and predicts that many outdated office buildings may face demolition due to unsustainable holding costs, including rates and land tax. “The changes that you have to do to modify them for residential… but then they’re still not built to purpose.”, he said. Tune in for an in-depth look at the future of urban redevelopment and the obstacles faced in repurposing buildings. #SentinelPropertyGroup #CommercialProperty #Investment #Urbanredevelopment #OfficeToResidential #PropertyConversion #CatherineCashmore #LandCycleInvestor #FutureOfCities #BuildingRepurposing #RealEstateInsights #UrbanPlanning #RealEstatePodcast #Commercial #Office #Residential #Development

Are underutilized offices the next housing solution? Yes, especially if they have good structural bones, are located in amenitized neighborhoods, and display architectural character. Take a peek into two converted properties: the Millennium on LaSalle (Chicago) and Lyndon at The Curtis (Philadelphia) Thanks to the experts who commented on this recent BUILDINGS article: Michael Brookshier of Keystone, Cindy Delein, AIA with Stantec, and Richard Whitney with FitzGerald. #adaptivereuse #urbanhousing #housing #sustainablebuildings https://lnkd.in/g5_aCY3n

The CBRE U.S. Real Estate Market Outlook for 2024 calls out (5) five markets to watch in the coming year. #Midwest #Northeast #SanDiego #Boston #NewYorkCity and #Dallas. Within each of these markets, Thiel & Team's bench of #architects, #interiordesigners and #procurementprofessionals have partnered with some of the most innovative and talented developers, asset owners, and design managers to deliver projects on time and on budget. St Paul Square's renovation is a perfect example of how great partnerships can deliver great design as we focus on #timelydelivery and being #budgetsensitive. #multifamily #newdevelopment #renovationprojects

What’s trending up these days? 🏢 In multifamily apartment construction, we're seeing a shift towards more tech-enhanced communal areas, modern athletic facilities, increased communal spaces for residents to connect, and designated areas for remote work and office use. What new industry trends are catching your eye?

In this third piece in our new series on reimagining real estate, Hannah Quarterman, Ross Moskowitz, Sabine Adams and Damian Sternberg explore the key drivers for repurposing buildings to residential use from other uses in England, the US and Germany. They explore the key considerations to consider if you are switching to residential use in those jurisdictions, what are the planning permission considerations, have there been any key changes and what are the challenges and opportunities to be aware of?

In this third piece in our new series on reimagining real estate, Hannah Quarterman, Ross Moskowitz, Sabine Adams and Damian Sternberg explore the key drivers for repurposing buildings to residential use from other uses in England, the US and Germany. They explore the key considerations to consider if you are switching to residential use in those jurisdictions, what are the planning permission considerations, have there been any key changes and what are the challenges and opportunities to be aware of?