honeygrow’s Post

Good article

The next phase of Centennial Yards is starting. Big changes are coming, including for people who are used to parking in the Gulch for big events. https://lnkd.in/eDe5hJmQ

Exciting developments ahead! North San Diego County is gearing up for a major transformation in 2024, with the revival of Old California Restaurant Row in San Marcos by Lennar. Get ready for a perfect blend of housing, commerce, and green spaces! Stay tuned for the emergence of a vibrant Restaurant Row and other growth projects making 2024 a year to remember in North County. https://bit.ly/3w1KhsZ #northcountydevelopment #newcounty #development #localbusiness #sandiego #sandiegodevelopment #business #businessnews

Curious about the performance of Houston's inner loop? Check out the 10 year real estate appreciation of inner loop neighborhoods in this article!

Konrad Putzier at The Wall Street Journal delivers a thoughtful piece chronicling how St. Louis' CBD is now trapped in an urban doom loop. Once there, the decline spreads in a non-forgiving way. As offices sit empty, shops and restaurants close, and abandoned buildings become voids that suck the life out of the streets around them. Locals often find boarded-up buildings depressing and empty sidewalks scary. So even fewer people commute downtown. Now, it stands as a warning to others: This is the future for America’s downtowns if they can’t reinvent themselves and halt the downward spiral. The AT&T Tower just sold for $4 Million, quite a drop from its price in 2006 of $205 Million. Many similar stories. I remember venturing into a downtown St. Louis hotel in 2013 with my wife and daughter who was considering a scholarship offer from St. Louis University (SLU). On our second night, we arrived at the hotel after dark. Recognizing we had a drive to Chicago scheduled for the morning, I asked the valet where I could get some gas downtown. He pulled me aside and said "you don't want to be on the streets of downtown after dark for any reason." I went to my room. Fortunately, there is good news happening not far from the legacy CBD. To the office district’s immediate west, the Downtown West neighborhood boasts loft apartments, a new soccer stadium, and a train station-turned-amusement park. These developments have revived a once-abandoned industrial area, proving that people want to be in downtown St. Louis if it’s pleasant. To the south, a cluster of bars and restaurants around the Cardinals’ ballpark is often crowded, especially on game days. Visits to the Gateway Arch east of downtown are up. These neighborhoods show how big developments and apartment conversions can attract residents, which in turn attract bars and restaurants. The Central Living District (CLD) is thriving.

This article is about an interesting repurposing of the vacant former Lord & Taylor department store at Ridge Hill in Yonkers. Another way to turn lemons into lemonade, this time in the retail sector. https://bit.ly/3IIU6yV

Exciting developments ahead! North San Diego County is gearing up for a major transformation in 2024, with the revival of Old California Restaurant Row in San Marcos by Lennar. Get ready for a perfect blend of housing, commerce, and green spaces! Stay tuned for the emergence of a vibrant Restaurant Row and other growth projects making 2024 a year to remember in North County. Pacific Coast Commercial https://bit.ly/3w1KhsZ #northcountydevelopment #newcounty #development #localbusiness #sandiego #sandiegodevelopment #business #businessnews

#flighttoquality is at the top of the CRE business's buzzword bingo card these days. What does it really mean? How does it impact tenants, buildings, markets, etc.? Let's find out! We'll do a few on the street examples this week. In simple terms, the Flight to Quality is somewhat of a self-explanatory term. A 10,000 SF tenant in effect "trades up" for a nicer space in a nicer building. Maybe the old space was dated and worn out, the old building's common areas were showing their age, etc. Maybe the new building offers more amenities, a brand new suite, and a fresh start. While that seems simple, the impact of this phenomenon can get complicated quickly, with tenants, landlords, and entire submarkets often caught up in the mix. Starting out at Beth Kmetz-Armitage's home base at Michigan Central - we have a potential example of flight to quality right in front of our eyes. Corktown was a low-rise environment with a good mix of bars and restaurants, but limited options for office tenants. Now that this building is fitting out, I can see Class A tenants leaving or passing over other options to land here. Is this a flight to quality? I would say yes: Michigan Central will offer a mix of Class A and boutique finishes that will be a unique offering in Metro Detroit, with Ford Motor Company calling it's own number to be here. #crefam, #brokerpals & #detroitteam: Gabe Peter Eric Jared Matthew Renee Bill John Mark Adam Mark Kevin Rian Lily Jared Conrad Robert Michael Jim Brendan Maggie Craig Jeffrey Andy KC Kim Amber Will Nick Gerard Eric Matt Randy Ken Marc: that's my two cents... don't spend it all in one nearby Irish bar... #savills #detroit #ccim #sior

Burnett Street Merrylands neighbourhood centre upzoning For years, a set of Merrylands shops offering convenience and retail have been performing poorly - predominately due to little to no availability of on-site parking. Following preparation and exhibition of the Cumberland LEP 2021, submissions were made by local stakeholders with site-specific proposals for their E1 zoned sites along Burnett Street. Council endorsed the proposals and the subject sites will soon be rezoned to accommodate multi-storey mixed-use buildings. However, retail in this location is arguably not ideal and instead the application of a R4 High Density Residential zoning would be a better planning outcome. A detailed write-up about the sites that will benefit from doubling height and FSR controls will feature in next week's newspaper edition. Subscribe here to stay informed: https://lnkd.in/gzNEX4k5

Just Listed Alameda County 3-Unit Income Property Trust Sale - Offered at $869,000 - This rare South Berkeley Triplex, close to Berkeley Bowl, Adeline Street shopping and dining, as well as Downtown Berkeley and Cal, could be the perfect owner-occupied investment hybrid, family compound, or solid investment with upside for discerning buyers. 1631 Julia Street, which consists of a charming 3BD/2BA detached Craftsman Style home in the front, and a separate free-standing two-unit building in the rear that boasts two 2BD/1BA units with a two-car garage. Per the public tax records, the property measures 2,910 Sq Ft on the interior, and is located on a 4,760 Sq Ft lot with room for parking and tenant yard enjoyment. Held by long-term owners for many years, the building has a projected gross annual income in the $75,000 range, and a conservative possible Cap Rate of 5. 5% on a projected 35% expense ratio WITH some possible capital improvements taken into account. This solid location, near Ashby Bart, shopping, dining, schools, parks and easy freeway and public transit access, should ensure an attractive tenant offering for years to come. www.1631Julia.com #probate #estate #trust #conservatorship #estateplanning #retirementplanning