Post on 10-Jul-2015
Dupre + Scott Apartment Advisors www.duprescott.comNova – courtesy Harbor Urban & Runberg Architecture Group
It took 16 years to add 4,700 units
+5,600+70%
It took 16 years to add 550 units
+2,000+120%
Suburban (1986-90)
Urban (2012-16)
+ 1,600 units+ 160%3 years
+ 2,600 unitsAlmost double
3 years
+4,500 unitsAlmost triple
• Jobs• Gen Y• Geezers• Shift from home ownership• Shift to urban• New dynamic micro-neighborhoods• From McMansions to iHomes• Less construction of alternate housing types• New goals – Less “Leave it to Beaver” & more “Friends”• And more
It’s not just supply
Dupre + Scott Apartment Advisors www.duprescott.comNova – courtesy Harbor Urban & Runberg Architecture Group
Serenity at Juanita - 100 units – originally Willow Glen – condominium conversion in 2005
REDMOND: Colony at Bear Creek – 486 units – built between 1986 and 1990
The ViktoriaGoodman Real EstateHarbor UrbanWeber Thompson
Pillar Properties & Urbal Architecture