As a multi-family and mixed use developer, getting the most units out of your project is your number one goal. Being able to fully maximize your space and increase income revenue is an important aspect to consider when developing your architectural plans. One of the sources of wasted space, especially for smaller developments, are parking minimums. Developers must now reserve space for parking cutting into potential unit space.
The Code Solution is pleased to feature another guest post from our friends at The Llenrock Group. The following post was originally published on Llenrock Blog.
With 2016 coming to an end, it’s time to start looking at what the future of real estate holds. Thankfully, PWC has done a lot of the work for us. In a recent report, PWC detailed what can be expected in the real estate market of 2020, with our own spin of course!
It’s a two sided debate that continues to spark conversations and protests surrounding development in Los Angeles and its effect on rental costs, affordable housing, LA’s planning process, construction wages, and the like.
These are all important issues to tackle. However, opponents to these anti-development ballots have voiced concerns that they are not going to solve the issues proponents have set out to address. In fact, many opponents argue that these ballots would actually make it harder to develop affordable housing, which is already harder than it was in the past.
Read on to learn more about the ballots and their proposed effects on real estate development.
The Code Solution is excited to showcase another guest post from our friends at The Llenrock Group. The following post was originally published on Llenrock Blog.
Since the recent Pokemon Go phenomenon, everyone has been writing about the relationship between augmented reality and commercial real estate. We were recently interviewed by CoStar News on how we see augmented reality helping (and hurting) various sectors of commercial real estate. Since I’m such a nerd about studying the multi-faceted relationship between technology, society, and the CRE industry, why not reclaim our expertise in a top 5 post?
When I first heard about automated homes, also known as smart homes, the Disney movie Smart House immediately came to mind. For those of you who have seen the movie and all its cheesiness, you will remember that it was about a boy who programmed their smart home to be a surrogate mother, and it didn’t go so well.
After 17 years, the technology that didn’t go so well for the family in Smart House, is gaining increased popularity with homeowners, renters, real estate developers, and landlords too. For this reason, I am here to tell you why smart buildings are awesome, and not at all scary.
The Code Solution is excited to announce our first guest post from our friends at The Llenrock Group! The following post was originally published on Llenrock Blog.
If you’ve heard anything about housing trends, you know that multi-family developments are on the rise. And the American dream seems like just that – a dream. More residents are renting rather than buying. There’s also been a huge influx of “micro” apartments. What does that mean for you? If you’re in the market to rent (or buy), you’ll want to read on!
The Historic Core is one of the most diverse neighborhoods in the City of Los Angeles. The community is made up of nearly 1:1 market rate and low-income housing. During the early 2000s, it was the epicenter of residential growth with the adaptive reuse ordinance, where previously abandoned or underutilized office and manufacturing was converted to housing. Along with the new units, under the 2005 Residential Hotel Ordinance, thousands of units of low income and permanent supportive housing were preserved.
The mission of the Historic Core Business Improvement District (HCBID) is to improve the quality of life of residents, property, and business owners in Downtown LA’s Historic Core through clean, safe, and enterprise programs. The HCBID is paid for by local tax assessments. Each contribution whether large or small helps keep the neighborhood cleaner and safer, helps local businesses grow and thrive, and supports the diverse neighborhood culture.
Historic Core of Downtown Los Angeles
At the “core” of their ongoing efforts to improve the Historic Core of Los Angeles is Noah Strouse, Marketing & Service Coordinator for the Historic Core Business Improvement District. We had a chance to chat with Noah and discuss what is going on in the Historic Core, new developments they are excited about, and how the Historic Core BID is promoting responsible development within the neighborhood.
Noah Strouse with HCBID’s Executive Director Blair Besten and Mayor Eric Garcetti
For years the City of Inglewood has gotten a bad rap for something that doesn’t exist. It has been 25 years since the Lakers left, and there is a preconceived notion that the city had suffered since their departure. However, with the recent news of the return of the Rams and the construction of a stadium complex, it is apparent that developers have finally seen the light and Inglewood will once again be known as the “City of Champions.”
With tree-lined streets and historic family homes, Hancock Park is a refreshing retreat from the hustle and bustle of its surrounding Los Angeles neighborhoods. Much like Larchmont Village and Windsor Square, it also offers an inviting mix of culture, cuisine, architecture and community ambience. Our team has been working with a local investor to design a single family home in the center of Hancock Park, Los Angeles that will give this whimsical neighborhood a modern touch.