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Marcus & Millichap / IPA Multifamily Forum: New England 2017 - Speaker Slides
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Transcript of Marcus & Millichap / IPA Multifamily Forum: New England 2017 - Speaker Slides
Keeping a Competitive Edge: Best
Practices in Managing NOI, Technology
Integration, and Tenant Retention
AirportsEducationEquity
PartnersHealthcare CorporationsCommercial Developers
Sample of View Dynamic Glass customers and Partners
Case Study – Acquisition Reposition CapEx Program – Upgrade Existing Intercom
The Amelia
Client Greystar (Acquired 2015)
Building The Amelia (Built 2004)
Location Quincy, MA
Units 200
Doorman No
Use Case Replace Front Door and Side Entry Intercom
Core Value Drivers
Replace existing intercom ✔️
Minimize hardware costs ✔️
Panel button direct call to leasing office ✔️
Panel for secondary entry ✔️
Improved Resident Experience ✔️
Enhanced Security ✔️
Building a Better Tomorrow: Boston
Developers Discuss the Emerging
Trends that will Shape the City for Years
to Come
Mid-Luxury
• The evolution toward a new standard of multifamily development.• Sandwiches between older product and new high rise luxury.• 10 stories or less, including wood frame construction• Efficient Plans, high price per foot; lower absolute dollars.• Hovering between $850-$1,200/per foot.• Full-service amenities
Building a Better Tomorrow
Place-Making
• A multi-faceted approach to the planning, design and management of public spaces. Placemaking capitalizes on a local community’s assets, inspiration and potential, with the intention of creating public spaces that promote people’s health, happiness and well being.
Author: Sue Hawkes
High-Rise Code Us vs. Them:
• Massachusetts:
– Buildings more than 70 ft in height above grade plane
• Base IBC definition differs:
– Buildings with an occupied floor located more than 75 ft above the lowest level of fire department vehicle access
Example:
Key Implications:• 1 additional floor = 18 units
(16 market, 2 aff.); 20% increase
• Efficiency: 77% 80%• Alternative construction type
(e.g. light gauge metal)?• $$ Feasible to put all parking
underground? • Related: 2 additional floors?• Citywide: 20% (40%?) closer
to 53,000 Units?
Top of Roof Framing < 70’
10’ 6” Floor-to-Floor
Author: Nick Iselin, GM, Development – Lendlease
• Lendlease is one of the world’s leading fully
integrated property solutions providers
• 50+ years of operation
• Approximately 12,300 employees worldwide
• Develops, constructs and/or Manages large, complex projects
across multiple asset classes
• $37.8 billion estimated end value of global development
pipeline (30 June 2017)
• Committed to creating the best places utilizing innovative,
sustainable solutions
• Operates Incident & Injury Free
Author: PCA / David Chilinski, AIA
Mixed-Use - PlacemakingWashington Village – 656 units
Arsenal Yards – 500 units
Tuscan Village – 500 units
530 Western Ave. – 140 units
Key components of these multifamily projects are integrated retail
and public space strategies
Create the activities that bring neighbors and residents together
Provide amenities for multifamily residents