For developers in San Francisco, “it’s the best of times, and it’s the worst of times,” says Panoramic Interests CEO Patrick Kennedy.
If you’ve just put a building on the currently under-supplied market, it’s a really good time. But if you’re in the earlier stages of a project, everything is getting expensive....More
Amsterdam student Rose Mandungu stands in front of a colorful apartment complex constructed of a rather unusual material—discarded shipping containers. The crowded Dutch city has been meeting a pressing need for student and other low-income housing by using ubiquitous steel shipping containers. After years at sea, the containers were rusted and dented but ready for reuse to house people instead of products....More
Single people are taking over U.S. cities. The numbers are so staggering that it’s hard to understand why housing policy has been so slow to react. In New York City, a third of all households are single people living alone. San Francisco beats New York at 38 percent, and Washington, D.C., Seattle and Denver top the charts for larger cities, with over 40 percent of their homes occupied by a lone resident. But even in smaller cities like Atlanta, Cincinnati and Pittsburgh, single people make up close to half of their households....More
A decade ago, billionaire entrepreneurs Peter Thiel and Elon Musk decided to take booming start-up PayPal public from a small coffee shop along Palo Alto’s University Avenue. The street, the epicenter of Silicon Valley high tech, also helped incubate such now-established giants as Facebook and Google. But today, Thiel has seemingly left the Valley behind.
The venture capital funds he runs are based 30 miles north, in a San Francisco building with views of the Golden Gate Bridge. A number of highly publicized start-ups like Twitter, Square, and Pinterest are also located in the heart of urban San Francisco. As Twitter co-founder Jack Dorsey tweeted last February from his new headquarters in San Francisco’s Mid-Market neighborhood, “I love the idea of an urban corporate campus with all the energy and variety that provides.”...More
When Gil Blattner hired a housekeeper for his elegant apartment with 12-foot ceilings, tall windows and marble fireplace mantle, the woman looked at the living room and asked, “Where’s the rest of it?”
There was no more. She’d seen all 250 square feet of his cocoon, located on a tony, tree-lined street in Chelsea near restaurants, art galleries and bookstores. His monthly rent: $2,500....More
U.S. CITIES MAY EMBRACE NEW YORK’S TINY, LESS-PRICEY APARTMENTS
Construction will start soon on an experimental New York housing complex in Manhattan with 55 “micro-sized” apartments, from 250 to 370 square feet each. The prefabricated units, which will rent for $914 to $1,873 per month, aim to help alleviate the city’s shortage of less-pricey studios and one-bedroom apartments. As more urban dwellers live alone, other U.S. cities are considering similar solutions....More