EQ Office’s Post

Plano, Texas, is leading the way in innovative redevelopment projects to manage its rapid growth and evolving economic landscape. The city, which has seen its population increase from 260,000 in 2012 to nearly 292,000 in 2023, is focusing on transforming vacant spaces into vibrant mixed-use areas. Projects like the revitalization of Collin Creek Mall and Assembly Park are key examples of public-private partnerships that aim to create modern, dynamic spaces for residents and businesses. Plano has also launched an office modernization grant program to incentivize property owners to update their facilities, ensuring the city remains attractive to businesses. These initiatives reflect Plano's commitment to growth and redevelopment while preserving its unique identity. Cred: https://lnkd.in/du-Fep6D https://lnkd.in/dgRp6BbN #development #dfw #new #collincreek #innovative

It's no Secret that New York and many other large Metro's are facing a crisis in vacant offices. Although many A type offices are back to Pre-Covid lease outs, B Space Offices are struggling and need to be converted. Arthroto Industries Inc. is working to correct the problem. #converstions #adaptivereuse #officebuildings #cre #realestate #realtors

Future of Housing is all about fining solutions to our Housing Crisis. Here is a video from Arthroto Industries Inc. about what they're doing to help solve the problem.

St. Louis on the Rise: A City Redefined What an incredible time to be in St. Louis! Catch a City SC win, then celebrate with a post-game drink at Schlafly, a local brewery just steps from the stadium. Even getting home is a breeze – a quick 7-minute drive. Looking for the perfect urban lifestyle? Imagine living in a revitalized loft in Laclede's Landing, just a 15-minute walk from Busch Stadium. Or, start your day with an invigorating yoga session as the sun rises over the vibrant downtown core. St. Louis is shedding its outdated image and embracing a remarkable transformation. Despite facing political challenges, the city is actively addressing past issues. Previously high-crime areas are undergoing exciting redevelopment, bringing new life and a sense of security to neighborhoods. A surge of young professionals is fueling the city's growth, attracted by booming industries in tech, defense, food, and even pet care. It's time to celebrate these positive changes and share what truly makes St. Louis, our county, and our state extraordinary. We need to be louder about our strides. Right now the narrative of our town is being written by distant outlets, strangers to our endeavors, simply based on hear say. Let's become the "Show YOU State" and showcase all that our city has to offer! The Wall Street Journal Morning Brew

Good morning. Here’s your daily round-up of the latest news and views from EG and a collection of industry-relevant headlines from the nationals, all perfectly curated to set you up for the week ahead. GPE has made hires and promotions in its flexible office division as it pushes ahead with plans to double its portfolio to more than 1m sq ft. The group has hired Felicity Roocke as head of workspaces design and delivery, Chris Stokes as head of customer experience and Trevor Phyo as senior development manager. “Our mission is to be the London property company that ‘owns’ experience, and [the new hires’] collective skills will be instrumental in delivering our best-in-class workspaces across the capital,” said chief financial and operating officer Nick Sanderson. “With our customers’ needs constantly evolving, it is important we reflect the right changes within our team structure to ensure we hit our target of delivering more than 1m sq ft of flex space in central London." If you’re in the world of residential development and believe that developing up is one of the best ways to provide density, then make sure to steer clear of Griff Rhys Jones. The comedian and president of the Victorian Society doesn’t mince his words in his support of a new report from think tank Policy Exchange, which is calling for a mandatory public vote on all tall buildings over 60m. Policy Exchange claims that towers are not a solution to the housing crisis and that there should be a permission-in-principle created for mid-rise alternatives. While Rhys Jones slams high-rise residential development as “driven by greed” claiming “no inherent logic in reaching for the sky”, the residential industry has an altogether different stance. “They are not suited to every location,” says Brendan Geraghty, chief executive of the The Association for Rental Living, “but they are a legitimate source of homes in many urban areas and are a popular choice for those seeking an urban lifestyle.” Tough reading from the latest Begbies Traynor Group Red Flag Alert, with the number of property businesses grappling with “critical” financial distress surging by nearly 37% in Q1. “Despite some optimism as we entered the new year, 2024 has so far been characterised by a continuation of the same pressures that plagued companies in the UK throughout 2023,” said Begbies Traynor partner Julie Palmer. This week could start to show whether that “plague” of 2023, with depressed capital markets figures, really has continued into the first three months of 2024, as the major listed agencies start to report their earnings. Cushman & Wakefield, Colliers and CBRE will all release Q1 figures this week. All that and so much more in your EG MORNING NEWS ⬇ ⬇ ⬇ https://lnkd.in/emvkeEsz

So, the previous viewing in West Bridgford proved to be a non starter - the ‘space’ at the back turned out to actually be on the front! But I’ve 4 more viewings this week, in Arnold this time. Again, a good area, with good links to the city centre and University. I’m also viewing a commercial property on Friday, with a view to a conversion to resi. HMO might seem the better option for higher cashflow, but the area seems flooded with them and we prefer to convert and sell as individual apartments within the block. If it’s a goer, from the plans, it looks like it would be around 9 units, so a tasty project with potential for great investor returns and creating 9 homes out of a derelict office. A win-win! Watch this space… #investorswanted #propertydeveloper #commercialconversion #propertyjourney #creatinghomes

Thanks to Ronald Davis and the Phoenix Business Journal for including my commentary and CoStar data in their latest cover story. Though the onset of COVID is now 4+ years in our rearview mirror, pandemic-driven shifts in demand are still causing uncertainty in the Phoenix office market. Check out the below article comparing the Valley's current performance to pre-COVID and expectations moving forward.

The latest mixed-income project in Braintree, MA, The Abby, is underway, at a whopping $47 million! As professionals in [#BostonRealEstate], it's vital that we understand the benefits of developing such projects near transit hubs, like the MBTA Commuter Rail Station. But here's a thought - are we doing enough? Over 40% of the apartments in The Abby are designed to be affordable for households making at or below 80% of the Area Median Income. Is your latest development project addressing this level of inclusivity and accessibility? It's time we revisited our [#RealEstate] strategies to ensure we aren't just building houses, but building homes that cater to everyone. Consider reaching out to [#BostonRealtor] and expert Joe Turco to gain more insights on successful and equitable development projects. Let's bring about a change - one that not only amplifies our success but also uplifts the city we call home. Reflect on it, and when you're ready, join the conversation with [#TurcoGroup #Boston #MovemetoBoston]. Let's make Boston's real estate scene a model for others. #BostonCondo #SocialNetworking #Sales

Summary of Bisnow Dublin key points! https://lnkd.in/ePXW2-q8

ICYMI: Downtown currently has about 6.9 million square feet of residential space, Jeremy Waldrup said. The goal is to increase that to almost 15 million square feet to support more than 15,000 residents while “creating a diverse and resilient neighborhood that supports a wide variety of restaurants and retailers and ensures many of our historic buildings and iconic skyscrapers see investment for years to come,” he added. “These buildings must include multi-family rental housing, student housing, condominiums, from affordable to market rate.” But he stressed the makeover will require an all-hands-on-deck approach. “Making this a reality will require coordinated public-private partnership, including minimally restrictive, continued investment from the public sector (City, Schools, County, State and Federal) alongside the private investment dollars. With the cost per square foot for a multi-family residential conversion project of a historic, iconic building being significantly higher than ground-up, stick-built structures that is typical in our market, we have to make meaningful investments". https://lnkd.in/ebUHF5mw