Hollenbach Oakley Development’s Post

Early feedback from the market reinforces our belief that there is tremendous appetite for covered land plays like 1818 New York. This site is one of the largest remaining undeveloped parcels with a “last mile” location in the District of Columbia and one of only three PDR-2 sites over 3 acres in its submarket. The Property’s zoning is extremely flexible and we’ve garnered interest from buyers with diverse strategies. Our local clients have a ton excitement around Northeast DC’s explosive growth and we are pointing to proof of concept in Union Market, NoMa, and Ivy City that there is user/occupier/renter demand for high density projects along New York Avenue. If you'd like to learn more about this opportunity, please sign the CA: https://lnkd.in/eUNZ4HXQ Avison Young | US #AYDifference #PoweredbyPeople #CapitalMarkets #InvestmentSales #CRE #NewToMarket #CREInsights #UrbanRealEstate #DCCRE #CommercialRealEstate

Real Estate Conundrum – Solved! The real estate industry has created a global stockpile of inflexible buildings that struggle to serve an agile and changing world.  How dumb is that? We’re seeing the consequences playing out in Calgary’s grand experiment to repurpose a bunch of inflexible downtown Calgary office buildings into residential. It’s a round of re-investment fraught with risk. So the latest news article - this one in the Toronto Star – about our family construction company’s FlexPlex® might interest you. It talks about protecting home values through building flexibility. This should interest aspiring #Millennial and #GenZ homeowners. They are bound to see their housing needs change at least twice during their lifetime. Let us know and we’ll send you the article. Want to hear more about how to make buildings flexible and affordable? https://lnkd.in/gxVBwCi8 #torontorealestate #gtarealestate #affordablehousing #youngprofessionals

Opportunity in the Town Of Wallingford

1818 New York Avenue in Northeast Washington, DC is available for sale and redevelopment. This covered land play opportunity is presented by Jonathan W. Hipp and Joe French and is one of the largest remaining undeveloped parcels with a “last mile” location in the District of Columbia. One of only three PDR-2 sites over three acres in its submarket, French explains, “ There is tremendous appetite for covered land plays like 1818 New York. The Property’s zoning is extremely flexible and we’ve garnered interest from buyers with diverse strategies (industrial, multifamily, hotel, and self-storage).” Northeast DC’s explosive growth is gaining traction amongst investors, “We are pointing to proof of concept that there is user/occupier/renter demand for high density projects on New York Avenue,” stated French, comparing to the similar success stories of Union Market, NoMa, and Ivy City.   Sign the CA here: https://lnkd.in/eUNZ4HXQ or contact the team to learn more. Avison Young | US #AYDifference #PoweredbyPeople #CapitalMarkets #InvestmentSales #CRE #NewToMarket #CREInsights #UrbanRealEstate #DCCRE #CommercialRealEstate

Office-to-residential conversions--are they the answer to our housing shortage? It sounds like the perfect trade-off given today's demand/supply imbalances between the two. Scott Wild goes into the nuances below we need to consider. #jbrec #residentialconversion #housing

In this edition of JBREC’s Dear Consultant Q&A series, I was given the opportunity to talk about commercial-to-residential redevelopment. More specifically, how much of it is actually happening…? This is a big topic. Here are some key takeaways: -Although it seems obvious to take underutilized commercial properties and turn them into housing, it’s challenging to actually make these projects feasible -Commercial properties are purpose-built. Converting them into housing often means the end product will have some compromises versus purpose-built housing -Retail sites are probably the best place to look for large-scale housing redevelopment opportunities Check out the full transcript for more details:  https://lnkd.in/g7BEJKNS #jbrec #realestatedevelopment #housing #malls

Does anyone here have an appetite for commercial redevelopment? Once brought back to life, this mixed-use building in Polk County will be a staple in the community for years to come. The first floor features 7000 ft.² of commercial tenant space that can be leased for $15/SF NNN - more if tenants want a custom buildout. Think Foxtail coffee, a title company, an event space, etc… quality tenants that build up the community. The second and third floor feature a total of 19 apartments from studios to two bedrooms, and some communal spaces. Rents will average $1100/mo for Year 1. Property expenses (taxes, insurance, and maintenance for the apartments) will start to add up - let’s use $75,000 as a placeholder. Renovation expense - 1.2 million Carrying costs while under construction for about a year - 50,000 Net income - $321,800 Then you can turn around and sell it at a 7% cap, which translates to a little over $4.5M Not bad. That’s almost double your initial investment. Or you can keep this portfolio builder in your family for generations to come, and have a beautiful story about how you significantly added value to this growing community. This is what real estate is all about! Adding Value. #commercial #polkcounty #redevelopment

Over half a million apartments are slated to complete construction this year, up 9% from 2023 and 30% from 2022. As highlighted by GlobeSt.com, over 60% of this new supply is concentrated in just 20 metros with the total number of apartments being added enough to roughly house the entire population of Atlanta. Of the metropolitan areas set to receive a majority of the new inventory - Arizona, New York, and Texas are notable standouts. The Mogharebi Group recognizes the potential for opportunity in these growing #multifamily markets, with a particular interest in #Phoenix. https://lnkd.in/gk3MXUFD

Over half a million apartments are slated to complete construction this year, up 9% from 2023 and 30% from 2022. As highlighted by GlobeSt.com, over 60% of this new supply is concentrated in just 20 metros with the total number of apartments being added enough to roughly house the entire population of Atlanta. Of the metropolitan areas set to receive a majority of the new inventory - Arizona, New York, and Texas are notable standouts. The Mogharebi Group recognizes the potential for opportunity in these growing #multifamily markets, with a particular interest in #Phoenix.

Another productive & interesting day discussing the various options available to reduce voids with a landlord & business owner in South #London. With so many options now available to building owners, it's certainly a confusing market but one filled with opportunity. Whether its partnering with flex providers, offering self-contained managed space, subletting or leasing there is lots to consider. If you're struggling with similar challenges, then I'd love to hear from you. https://lnkd.in/d3CY2TA9 #landlord #propertydevelopment #officespace #reducevoids #landlordadvisory #assetmanagement #facilitiesmanagement