Mark Seckerson’s Post

Vistry strikes £600m Pudding Mill Lane deal House-builder Vistry Group has formed a joint venture with the London Legacy Development Corporation to build nearly a thousand flats in east London. The London Legacy Development Corporation (LLDC) and Vistry, in a 50/50 joint venture, plan to create a new community next to Pudding Mill Lane DLR station in Stratford, in the vicinity of the London 2012 Olympic stadium, which is now home to West Ham United Football Club. The 948 mixed-tenure homes that are planned are expected to have a gross development value of £600m. The five-hectare development will be brought forward over four phases, with a minimum of 45% of the new homes being affordable, as well as over 30,000 sqm of non-residential floor space to accommodate a mix of workspace, retail, community and leisure uses. Currently Pudding Mill Lane is home to a variety of temporary uses including the ABBA Arena. Full Story: https://buff.ly/3ZjCe5H #ConstructionNews #Construction #QuantitySurveyors #Estimators #QSRecruitment #ConstructionJobs #ConstructionUk

Vistry strikes £600m Pudding Mill Lane deal House-builder Vistry Group has formed a joint venture with the London Legacy Development Corporation to build nearly a thousand flats in east London. The London Legacy Development Corporation (LLDC) and Vistry, in a 50/50 joint venture, plan to create a new community next to Pudding Mill Lane DLR station in Stratford, in the vicinity of the London 2012 Olympic stadium, which is now home to West Ham United Football Club. The 948 mixed-tenure homes that are planned are expected to have a gross development value of £600m. The five-hectare development will be brought forward over four phases, with a minimum of 45% of the new homes being affordable, as well as over 30,000 sqm of non-residential floor space to accommodate a mix of workspace, retail, community and leisure uses. Currently Pudding Mill Lane is home to a variety of temporary uses including the ABBA Arena. Full Story: https://buff.ly/3ZjCe5H #ConstructionNews #Construction #QuantitySurveyors #Estimators #QSRecruitment #ConstructionJobs #ConstructionUk

Vistry strikes £600m Pudding Mill Lane deal House-builder Vistry Group has formed a joint venture with the London Legacy Development Corporation to build nearly a thousand flats in east London. The London Legacy Development Corporation (LLDC) and Vistry, in a 50/50 joint venture, plan to create a new community next to Pudding Mill Lane DLR station in Stratford, in the vicinity of the London 2012 Olympic stadium, which is now home to West Ham United Football Club. The 948 mixed-tenure homes that are planned are expected to have a gross development value of £600m. The five-hectare development will be brought forward over four phases, with a minimum of 45% of the new homes being affordable, as well as over 30,000 sqm of non-residential floor space to accommodate a mix of workspace, retail, community and leisure uses. Currently Pudding Mill Lane is home to a variety of temporary uses including the ABBA Arena. Full Story: https://buff.ly/3ZjCe5H #ConstructionNews #Construction #QuantitySurveyors #Estimators #QSRecruitment #ConstructionJobs #ConstructionUk

Newark Approves Scaled Back Summit Tower Skyscraper By Chris Fry The skyline of the Brick City continues to evolve at a pace not seen in generations and the latest development slated for a prominent block of Downtown has been given the full green light. The approved tower is slated to rise at 200-206 Market Street, properties that are currently home to older structures that have sat vacant for at least two decades. Jersey Digs broke the news about the project last October after Newark’s Landmark & Historic Preservation Commission signed off on the application. The properties are located within the Four Corner Historic District, which is listed on both state and federal designations. The approvals from the historic commission last year came with a catch, as the board wished to slightly downsize the proposed 46-story development to be shorter than the National Newark building. 514 residential units are included in the approved plan, down a bit from the initially proposed 579. 20 percent of the units will be reserved for affordable housing, and the development will include 142 parking spaces in a garage for future residents. Amenities for residents in the future Summit Tower will include a gym, lounge spaces, a foosball area, a golf simulator and a children’s room. #newark #njrealestate #brickcity #marketstreet #fourcornerhistoricdistrict #summittower

Property and construction news…..   The latest Smithfield Development proposals have been deferred due to concerns about the size of the open space/central square and its potential use for events. The scheme will see a mix of commercial offices, residential and retail space with leisure developments that include a theatre and a park.   Properties belonging to Birmingham City Council have been auctioned off raising £2.2m. The properties sold within an hour with most of the sales exceeding their guide prices - though one property fell short of the guide price and was not sold, and two other properties were withdrawn before the auction started.   Manchester-based developer Glenbrook has looked to dispel rumours that Birmingham’s Electric Cinema is to be bulldozed as part of a Station Street re-development scheme (which does not include the Old Rep or Crown Pub). Glenbrook has stated that they are looking to retain the cinema but create more screens and feature an exhibition space within it. The company stated it would look to attract an independent operator for the cinema. As part of the wider scheme, Glenbrook are hoping to create a new public space and would ideally like to close the road to traffic. Planning consent has been granted to Goold Estates to construct fifteen industrial and distribution units (2.5k sq.ft to 60k sq.ft. in size) at Bilston Urban Village employment site. The scheme will be called Foundry Park.   #property #construction #business #housing #development

We have heard of the growing popularity for #microunits. Looks like Trademark Property Company is implementing these in their impressive Dallas development. It makes sense that people driven to more urban cities and affordability concerns are creating an environment conducive for this demand. The last decade we’ve seen a lot of ‘more is more’ but are wondering if the shift towards minimalism is finally taking form. The downsizing of our square footage may suggest a trend towards smaller footprints in the future! 🌟 #urbanization #affordability #multifamily #realestatedevelopment #interiordesigner What are other trends that have caught your attention in the multifamily market rate, student housing, active adult arenas?

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

Latest property and construction news…..   78-90 Colmore Row was built in 1917 and subject to planning permission is set to be extended with a single roof-top office space storey which will add 6k sq.ft. to the building. The building will also undergo a refurbishment to improve its energy efficiency and accessibility. A new business lounge, cycle storage and shower facilities will also feature.   Permission has been granted to build a 37-storey residential block on Hagley Road as part of the New Garden Square development in Edgbaston. 462 apartments, commercial and retail space, co-working space, meetings rooms and a gym all feature in the project.   Residents and businesses are being encouraged to take the opportunity to add their thoughts (online) to the proposed multi-million redevelopment of Mell Square in Solihull. The council has appointed Muse Places Ltd as the preferred development partner for the scheme.   According to Birmingham City Council, the delayed box-park big-screen in Perry Barr will be built. The park was originally planned to open in 2022 when the city hosted the Commonwealth Games. The operator has started to move containers on to the site.   A net balance of 30% of property professionals expect house sales to rise over the next few months according to the Royal Institute of Chartered Surveyors. 45% expect to see an increase over the next 12 months.   Birmingham-based property services company Centrick has been appointed by Munich-based AM Alpha to consult on a 220 to rent apartment scheme in Alcester Street, Digbeth. According to UK Finance, 980 homes were repossessed in Q2 of 2024. This was up 8% on the previous quarter and 31% up compared to the same period last year.   #property #construction #housing #offices Photograph: The Belfry Hotel and Resort - The new Masters Suite and additional bedrooms, are under construction.

My last update post on the progress at my HMO refurb in Hull was when the plastering had just been finished 🫣. So….. here’s a quick recap before I photo dump! 😀 This is a 6 bed HMO in Hull which I purchased a while back. Fantastic location, near the trendy Princes Avenue with its bars, independent coffee shops, and boutique shops. I’ve refurbished this property taking it from its tired Magnolia state to create a modern, sleek and contemporary living space. Lots of challenges with this project. Project Managing from a distance in Norwich adds difficulties, but a good set of trades and a well planned out set of processes makes this easier. Then with it being a Victorian property from the mid 1800’s it has its own challenges - wooden gutters, lathe and plaster walls, damp, oddly shaped walls too! It had it all. But I’m pleased to say nothing stopped this project and its completion is amazing! 🤩 So here goes the photo dump 🤣 #propertydevelopment #propertyrefurb #propertyrefurbishment #propertydevelopers #propertydeveloper #propertyinvestors #propertyinvestments #propertyinvestment #norfolk #smallbusiness #building #hmo ##propertyconversions #letsgo #hjhart #hjhartproperty #hull #northeast

Funding Secured for St James House Project to Build Bristol's Tallest Building! A major construction project in Bristol, backed by Cain International and Apollo, will see the development of a 28-storey student accommodation block and an 18-storey co-living homes block. The scheme will include 132 co-living homes, with 20% designated as affordable housing, and 442 student bedrooms. It will also feature around 15,000 sq. ft. of amenity space, including a cinema, fitness suite, study areas, games room, and dining facilities. This project contributes to over 2 million sq. ft. of ongoing developments. Read the full news here: https://lnkd.in/eZ4syajj (Image/ Ref)