Miami Today Newspaper’s Post

Title: Transformative Mixed-Use Development in San Francisco: A Boost for Affordable Housing The real estate landscape in San Francisco is set to witness a significant transformation with the redevelopment of a state-owned site at 1377 Fell Street. As reported by the San Francisco Chronicle, this project showcases the potential of underutilized properties in addressing the pressing need for affordable housing. Key Takeaways: 1. The mixed-use complex will feature 372 affordable housing units, catering to individuals earning between 30% and 80% of the area's median income. This aligns with the growing trend of integrating affordable housing into diverse and thriving neighborhoods. 2. The inclusion of a new DMV office in the development highlights the importance of modernizing public facilities while maximizing land use efficiency. This approach can serve as a model for other cities grappling with aging infrastructure and limited space. 3. Governor Newsom's commitment to utilizing state-owned properties for affordable housing underscores the critical role of government collaboration in tackling housing challenges. Public-private partnerships like this project demonstrate the impact of targeted policies and initiatives. The 1377 Fell Street development has notable implications for the real estate sector. It showcases the potential for creative redevelopment strategies that prioritize affordable housing without compromising on amenities and services. As the demand for inclusive and sustainable living spaces continues to rise, projects like this set a new standard for urban development. This project also highlights the importance of long-term planning and vision in real estate. With the new DMV office expected to be completed by June 2029 and the initial phase of housing by August 2030, developers and investors must adapt to extended timelines while maintaining a steadfast commitment to community needs. As real estate professionals, it is crucial to stay informed about such transformative projects and their impact on local markets. I encourage you to share your thoughts on how mixed-use developments like 1377 Fell Street can shape the future of real estate in San Francisco and beyond. Let's engage in meaningful discussions on fostering affordable housing, maximizing land use efficiency, and building inclusive communities. #AffordableHousing #MixedUseDevelopment #SanFranciscoRealEstate #UrbanTransformation #PublicPrivatePartnerships

By leveraging the appeal of dynamic downtowns, the Downtown Development Districts Act aims to strengthen neighborhoods and attract diverse residents and businesses. Learn how this initiative is shaping vibrant, thriving downtowns. #EconomicDevelopment #DowntownRevitalization https://hubs.ly/Q02PfbGF0

New York's housing landscape is evolving, and Woodside, Queens is at the forefront of this transformation! 🏙️ Exciting news for those seeking affordable housing options: A new residential tower is set to rise in Woodside, bringing 250 much-needed apartments to the neighborhood. This development is more than just bricks and mortar; it's a beacon of hope for many New Yorkers struggling with rising living costs. As a real estate professional, I've seen firsthand how projects like these can revitalize communities and create opportunities for residents. But let's dive deeper: 1. Affordability: How will this impact Woodside's housing market? 2. Community integration: What amenities might be included to benefit both new and existing residents? 3. Transit access: With Woodside's excellent transportation links, how might this development attract those working in Manhattan or other boroughs? This project reflects a growing trend in NYC - the push for more affordable housing in well-connected neighborhoods. It's a delicate balance between development and maintaining community character. What are your thoughts? Are you excited about this new development, or do you have concerns? Let's discuss the potential impacts on Woodside and the broader Queens community. #NYCRealEstate #AffordableHousing #Woodside #QueensNY #UrbanDevelopment #CommunityGrowth #CelindaIaboni #RealBrokerLLC #RealBrokerage

🏙️ #NYCHA’s $1.5 Billion Chelsea Redevelopment: A Model for Public Housing Transformation? New York City's ongoing housing crisis has pushed the New York City Housing Authority (NYCHA)) to propose an innovative solution for its aging public housing infrastructure. NYCHA's ambitious $1.5 billion plan for the Fulton and Elliott-Chelsea Houses in Manhattan aims to replace outdated buildings with modern, mixed-income structures, introducing nearly 1,000 affordable units and over 2,000 market-rate apartments to the heart of Chelsea. This project, however, goes beyond just housing; it envisions enhanced parks, new retail spaces, and vibrant community centers, all designed to create an inclusive neighborhood for both existing and new residents. Central to this plan is NYCHA's partnership with private developers, which will provide the necessary funding and management expertise. While similar public-private partnerships, such as the RAD program, have recently shown success in improving housing conditions without displacing residents, the path ahead is not without its challenges. Ensuring transparency and fostering community engagement will be vital to guarantee that the redevelopment truly benefits current residents. Given that NYCHA oversees the nation's largest public housing portfolio, this initiative could represent a monumental stride towards providing New Yorkers with stable, modern, and dignified housing. Full story The New York Times: https://on.nyc.gov/4hNiH6h #AffordableHousing #PublicHousing #PACT #ElliottChelsea

Downtown housing strategies across California have been lackluster to say the very least. However, what we’re seeing from Sacramento could prove to be an example to other metros. Their proposals are intended to “fundamentally change decision-making around how to build more housing” with far less noise than has been needed in the past. An interesting read here in the San Francisco Chronicle talks about the things other cities can take from Sacramento’s planning. #California #Housing #MultifamilyHousing

John Massengale on why in NYC reasonable height limits make for better cities: "The height limits, in other words, were seen as benefits for the neighborhoods where people lived and played, balancing three things: high density; comfortable apartments with light and air; and streets that felt like good places to be. New Yorkers accept small apartments in return for the city life supplied by a concentration of people and public spaces where they meet. In New York City, most of our public space is in our streets." https://lnkd.in/ein8fQQq

For Melbourne to stay the diverse city we know and love, we need better social housing and more of it. We’re privileged to be working with Homes Victoria once more, on the redevelopment of the first of the 44 public housing towers across the city.       Elgin Towers will be transformed as part of the largest urban renewal program in Australia’s history with 231 homes for renters providing a 16% boost to public housing supply for the community. The scheme will focus on accessible, connected, quality homes that offer an energy-efficient future.     Principal and Living Sector Leader, Oliver Mayger says, “Our priority is to listen to the lived experience of public housing renters, staff, and the community to ensure we design a site that meets the needs of the people who will live there for generations to come. From the very first sketch, we’ll work together to design housing that’s equitable, modern, and sustainable – and which renters and the community can feel immensely proud of.”      We’re proud to be involved in a project that can deliver such critical infrastructure to the community in a time where housing stability matters more than ever.    If you want to get in touch, please reach out to Principal, Oliver Mayger here: https://lnkd.in/gnFXxkeA or Senior Associate, Elizabeth Seuseu here: https://lnkd.in/gCam6E7C     As always, our projects reflect significant collaboration with our design partners: Collective Engineering, HIP V. HYPE, Matter, proUrban Advisory, Planning & Management, Traffix Group, Inhabit, McKenzie Group Consulting, ADP Consulting Pty Ltd #affordablehousing #socialhousing #melbourne #housingsupply #housingcrisis

Building Futures: New York's Community-Led Journey to Affordable Living is a groundbreaking $1 billion initiative launched by New York City. The project repurposes vacant commercial spaces into affordable housing, tackling the housing shortage while revitalizing neighborhoods. What sets this initiative apart is its unique approach to community empowerment. Future residents will directly contribute to the renovation of their future homes, earning a stake in their community by investing sweat equity. The project also offers an innovative employment model, providing construction jobs to participants, thereby building skills alongside homes. Collaboration is key, with city officials, urban planners, engineers, and community organizations joining forces. This partnership aims to navigate the complexities of converting commercial buildings for residential use, ensuring the project's success. Despite potential challenges, this initiative represents a holistic approach to urban development, promising not only to provide affordable homes but also to foster community cohesion and economic stability. As New York City embarks on this transformative journey, it sets an example of how collective action can turn today's challenges into tomorrow's opportunities. #affordablehousing #communityempowerment #urbanrenewal ny.gov

DC's Downtown BID just dropped a bombshell by pitching a 10-year TOPA exemption on new downtown residential projects. As expected, tenant groups are protesting any perceived erosion of this long-standing protection. But let's stay pragmatic - this housing-starved city can't pass up unlocking the adaptive reuse renaissance waiting in that office-glutted downtown. "Let's modernize it," said Gerren Price, BID's president and CEO, referring to TOPA. "Modernize doesn't mean do away with tenant protections and rights. It should be a solution that helps everybody elevate downtown." Exactly. TOPA is objectively a bureaucratic quagmire strangling viable conversions. Yet this smartly-crafted exemption maintains existing protections while giving developers a viable exit on new projects. A balanced solution to "grease the wheels" of revitalization, not some tenant rights abomination. The handwringers can protest, but adaptive reuse breathes new life into obsolete spaces - if we dismantle red tape barriers. DC's leadership should power through the grandstanding and make the tough pragmatic call to spark sustainable growth downtown. If we can't even get a common-sense initiative like this done, large-scale urban revival is DOA. The future hangs in that balance. https://lnkd.in/gFiWsUQM #DowntownDC #TOPAExemption #AdaptiveReuse #UrbanRevival #HousingCrisis #TenantRights #DevelopmentDebate #SustainableGrowth #BureaucraticQuagmire #RevitalizationEfforts #SmartDevelopment #ObstacleToOpportunity #UrbanTransformation #PolicyReform #DCRealEstate #InnovativeSolutions #CityRevival #ModernizeTOPA #GreaseTheWheels

Kristin Thomas and I, sharing some insight on the NYC Real Estate Market, in The Times Here are the key takeaways: ➡️ NYC’s Office Conversion Accelerator Program is transforming empty offices into residential spaces. ➡️ An estimated 135 million square feet of vacant office space could become 20,000 new housing units. ➡️ The initiative aims to address the decades-long housing crisis by reactivating business districts and providing homes. ➡️ Affordability remains a concern, with a focus on ensuring rents align with neighborhood median incomes1. The program is a response to a 1.4% vacancy rate for rental apartments, the lowest since 1968. This move represents a significant step towards sustainable urban development and a brighter future for New York City. The residential market continues to escalate in activity with interest rate cuts on the horizon & more sellers coming to market. Thank you Sphere Estates for facilitating the interview and quote. My partner Kristin Thomas & The Hudson Advisory Team for the data and insights.