Could some of the most in-demand housing markets be cooling off?
When you're walking a land parcel before acquisition, don't forget to look up...and remember the story of one land owner who moved a little too fast for his own good in an attempt to capitalize on Southwest Florida's red-hot land market. Last year, Mark A. Borinsky, 39, of North Port, Fla., sold a parcel for two and a half times his original investment of $59,000.
Las Vegas may soon look like Manhattan, with condo skyscrapers rising up out of the flat desert. The question is, can traditional single-family home builders make a living in a town like this? That's not an idle inquiry — because Las Vegas may not be so different from other housing markets across the country, perhaps just a few years ahead.
The builder is New Urban Communities, a niche specialist in both density and infill. Principals Kevin Rickard and Tim Hernandez are well acquainted with both profit and peril in their specialty. Dedicated New Urbanists, they loathe front-loading garages, but Old Palm Grove is half front-loaded because, they say, flexibility is the first prerequisite to high-density success.
Because of its tight housing market, finding available land in Ventura County is a rarity. However, builder/developer Vintage Communities purchased 290 acres of land as an improved tentative tract map in 1999, now known as Hidden Valley Estates. Vintage swept up this available land because it's close to Thousand Oaks, CA, yet rural in its feel.
Each of the case studies in this article tells us something we can build upon in creating future master-planned communities, particularly in what we have learned in the last 10 years since Celebration. The four cornerstones of planning must be: Let's look at each point. Too few developers consider the long-range effect development has on the local area, whereas the local public officials and po...
The end of World War II marked a watershed, not only in global geopolitical relationships, but in the development of the American community as well. For over a decade and a half this nation had struggled with an unprecedented economic melt-down followed by a battle for survival of the free world as we knew it.
The buildings in an architectural ensemble are like the instruments in a musical ensemble, sounding together to create a compelling whole. The harmonious outcome is more important than any individual part. The conscientious arrangement of buildings in concert with cars and landscape elements creates more than a place: it creates a world unto itself.
In Bothell, Wash., located near Seattle, builder CamWest Development created a Craftsman-style neighborhood set within nature — the North Creek Project. This eight-acre site consists of a collection of small homes on small lots at a density of 14.5 units per developed acre, for 33 units in all.
Urban redevelopment provides numerous opportunities to builders, particularly smaller ones, for whom a small lot can present a world of opportunity. Villa Carabelli Townhomes in Cleveland, for example, turned an underutilized 1.4-acre parking lot into 20 upscale, four-story townhouses. This was a unique lot and a unique development, because Alta House, a pillar of Cleveland's Little Italy neigh...
An employee leaving a company is like a stone thrown in a still pond: ripples of disruption spread through the organization, creating unbalance. In any business, this unbalance can be expensive. Turnover can cost a builder in recruiting and administrative fees, lack of attention to quality from employees on their way out, and slower productivity until new employees are up to speed.