Remove Income Remove Plans Remove Retail
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. They must also communicate their project and business plan effectively to potential investors and lenders.

article thumbnail

Cracking the code of affordable housing

BD+C

million homes that are accessible to low-income renters. Nationwide, 60% of all workers earn less than what’s required to afford a two-bedroom rental home, according to a June report by the National Low Income Housing Coalition, which also cited the shortage of affordable housing.

Housing 104
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Homebuyers Boost Recovery of Multiple Sectors

Pro Builder

If COVID-19 cases continue to rise in states rolling back their reopening plan, employment and consumer spending abilities will be dampened, according to Realtor.com. When purchasing a home, a buyer will naturally spend money on furniture, supplies, and items like gardening equipment, helping to fuel the broader economy.

NV 98
article thumbnail

2020 Aurora Awards Winners: Multifamily, and Project of the Year

Pro Builder

NOVEL Atherton adds a significant amount of new rental apartment units and retail space to Charlotte's historic South End neighborhood. The retail space adds 60,000 square feet and is home to 15 high-end retailers, a blend of locally owned shops, and highly curated national retailers. . Category: Project of the Year.

article thumbnail

Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. The health of this industry is a vital economic indicator since sales tend to be driven by personal income, consumer confidence and interest rates. Credit: City of Cape Coral).

Retail 40
article thumbnail

6 guideposts for cities to create equitable transit-oriented developments

BD+C

Multifamily Housing Affordable Housing Office Buildings Retail Centers Shopping Centers Transit Facilities Despite the best efforts of city governments and their transportation departments, transit-oriented-development projects often unintentionally burden existing residents and small businesses in the area.

Austin 95
article thumbnail

3 affordable housing projects that serve as social catalysts

BD+C

Eleven million people in this country are paying more than half of their income for rent, and these are low-income people,” says Richard Burns, CEO of the NHP Foundation, a national not-for-profit provider of affordable housing. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

Housing 111