VU.CITY’s Post

COADY Director Tomas Sexton participated in a lively discussion at the Bisnow Conference on The Outlook of Residential Development, with fellow panelists Patrick Phelan, Hazel Jones , Claire Solon and John Tuohy, recently held at the Aviva Stadium. Rent caps, funding opportunity, supporting wider tenure mix, planning regulations and changes in design strategies were all part of the discussion. Tomas shared insights from our recent experiences navigating the planning process, emphasizing the importance of early and proactive engagement with planning authorities to streamline approvals and mitigate potential delays. He also highlighted the significant impact of new fire regulations on multi-unit residential design, noting that these regulations are driving innovative approaches to safety and compliance. Tomas discussed how these changes are influencing design strategies, leading to more resilient and adaptable residential developments that prioritize occupant safety without compromising on aesthetic and functional quality. . The main take away was private funding and improved infrastructure delivery and planning efficiencies are required to ramp up supply to meet the housing demand in the coming years. #rentcaps #designstrategies #planning #bisnow #residevelopment

Bret Derrickson, 630-697-2600, #UrbanAireRealty This isn’t like 2008. Builders aren’t overbuilding, they’re just catching up. This graph shows there’s a gap to make up after over a decade of not building enough homes. Plus, builders are focusing on completing what’s already started versus breaking ground on a whole lot of new homes. This means they’re being mindful and that’s a good thing. Have questions? Let’s chat. #newconstruction #realestatenews

Phrase of the day: COVERED LAND PLAY. When AQS lent on this assisted living facility during the depths of the 2022 "Recession That Wasn't,"™ this property was just an older vintage cashflowing assisted living facility on one of Austin's main roads. In the two years since, two new luxury mixed use developments have been built across the street with a 3rd under construction. In a covered land play, the property has a "higher and better use" than the one it currently has. Here, the 2022 appraised amount of $9mm as an assisted living facility is out of sync with the new market value as a multi-story mixed-use development. Hence the "land play" portion of the term. More importantly though, as an investor, your costs are "covered" with the cash flow of the property, allowing you to sit back while accumulating capital appreciation.

𝗔𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆 𝘁𝗼 𝘂𝗻𝗹𝗼𝗰𝗸 𝗻𝗲𝘄 𝗽𝗼𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗺𝘂𝗹𝘁𝗶𝗳𝗮𝗺𝗶𝗹𝘆 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆? 🏘️ With the latest bill, multifamily property owners can now create multiple ADUs within existing structures, but did you know that you could add up to eight detached units too? This change allows up to 25% of your units to be converted into ADUs, offering you an incredible opportunity to increase your property's value and versatility. Check out the full article to dive deeper into these game-changing updates!: https://bit.ly/4fCQLAl #ADU #MultifamilyLiving #PropertyDevelopment #HomeDesign #RealEstateOpportunities #SustainableLiving #UrbanLiving #HousingSolutions #YDSArchitects #PropertyValue #AffordableHousing #DesignInnovation

We have teamed up with Richard Hulbert from Trappco Ltd to provide an app for office and site staff to use to help digitalise our workflow. Before Trappco, all of our site teams administrative tasks were done on paper and were distributed through the office for various reasons. This was a drawn-out process and took a long time for all the paperwork to be processed. Now, our site team can complete daily timesheets, fill out holiday requests, and view messages all through the app, making long-winded admin tasks more streamlined for our office staff. This new digital workflow makes tracking our projects a lot easier, meaning we can manage our projects more efficiently. #construction #digitaltransformation #mobile

Back Bay Station Redevelopment Takes Step Forward: BXP Signs Long-Term Lease https://buff.ly/4amSV4y

This isn’t like 2008. Builders aren’t overbuilding, they’re just catching up. This graph shows there’s a gap to make up after over a decade of not building enough homes. Plus, builders are focusing on completing what’s already started versus breaking ground on a whole lot of new homes. This means they’re being mindful and that’s a good thing. Have questions? Let’s chat. #newconstruction #realestatenews #YourDreamAddressed #StephanieSnyder&Associates #RemaxTriad

📺 Watch Ben Richards tonight on Property Question Time, Sky Channel 186 at 8pm who discusses if Modular Construction could be the way forwards for house building, in order to meet Labour's ambitious new home targets. Are developers switching to this form of construction for speed and efficiency, or does it limit Architectural freedom and requires too much up front cost? Find out more at 8pm tonight! #housebuilding #propertytv #propertydevelopment #newhomes

Take A Look: This isn’t like 2008. Builders aren’t overbuilding, they’re just catching up. This graph shows there’s a gap to make up after over a decade of not building enough homes. Plus, builders are focusing on completing what’s already started versus breaking ground on a whole lot of new homes. This means they’re being mindful and that’s a good thing. Have questions? Let’s chat. #newconstruction #realestatenews #SawkaGroup

This isn’t like 2008. Builders aren’t overbuilding, they’re just catching up. This graph shows there’s a gap to make up after over a decade of not building enough homes. Plus, builders are focusing on completing what’s already started versus breaking ground on a whole lot of new homes. This means they’re being mindful and that’s a good thing. Have questions? Let’s chat. ✅ https://lnkd.in/eve8e78 #newconstruction #realestatenews #chicagohomes #realestateagents