WHY MIDTOWN
A recovery has started- regardless of how slow or early this recovery seems to be, it is underway. There is a new normal happening now and it is showing us the way forward.
AMENITIES
Dog parks, gyms, walking trails, security, on-site management, BBQ areas, covered parking, privacy
LOCATION
Our locations are Exceptional. Walkable. Accessible. And all at a lower rent.
Demand for housing continues during all phases of economic activity- expansion, maintenance and contraction. The demand is based on population and by selecting areas which will continue to grow by organic addition or basic job growth, successful affordable housing development can continue forward.
Over the past 30 years, population migration has a clear pattern of relocation to the central, south and southeastern portion of the United States. Add to this movement a higher than average birth rates, younger age of population and job creation trends and the recipe for real estate development can yield better results.
AS REAL ESTATE DEVELOPERS, WE HAVE TO ASK:
WHAT WILL THE NEW NORMAL LOOK LIKE?
MIDTOWN MULTIFAMILY ASKED THIS QUESTION 3 YEARS AGO…
By selecting quality sites with great amenities, tenants will be drawn to lower rents.
During economic downturns, attention must be paid to design criteria that should be value-engineered to lower construction costs and offer lower rents. The demand for well-priced housing continues during all phases of economic activity. Basic common area amenities cannot be reduced, Class-A housing projects need gyms, pools, clubhouses, on-site management, gates, dog parks, picnic areas and walking trails.
While the shocking correction underway was not anticipated, the effects being felt today were considered in a design implemented three years ago. Here is the case study for the project built specifically with an economic downturn in mind.
