Hillary Hoffower, provided by Published 4:55 pm CST, Thursday, March 7, 2019 ferrantraite/Getty Images San Francisco is expecting to see an increase in millionaire residents by the end of 2019 if some of its many tech start-ups go public as anticipated, according to Nellie Bowles of The New York Times. The Bay Area already has a high cost of living and a dire housing market that could get even more expensive over the next five years: Single-family homes could cost as much as $5 million. Changes are already in effect — buyers and sellers are already making real estate moves before any IPOs occur in a time of "spending wars," Bowles said. America's richest urban area is about to get even richer. By the end of 2019, San Francisco may be seeing an influx of newly minted millionaires, reported Nellie Bowles for The New York Times. Fueling this heavy cash flow, she wrote, are several tech start-ups hoping to go public, amongst them Uber, Lyft, Slack, Postmates, … [Read more...] about San Francisco could be home to thousands of new millionaires by the end of 2019, and it’s sparking a ‘housing madness’ in the already wildly expensive city
Luxury 4 bedroom house plans
KFC tycoon plans flats at former fabric store in Belfast BelfastTelegraph.co.uk The home of a former fabric business which closed in the aftermath of the Primark fire is to be converted into one of a collection of city centre apartment complexes by KFC tycoon Michael Herbert. https://www.belfasttelegraph.co.uk/business/kfc-tycoon-plans-flats-at-former-fabric-store-in-belfast-37869702.html https://www.belfasttelegraph.co.uk/incoming/article37870205.ece/d78f1/AUTOCROP/h342/rtments-_Read-Only_.jpg Email The home of a former fabric business which closed in the aftermath of the Primark fire is to be converted into one of a collection of city centre apartment complexes by KFC tycoon Michael Herbert. Weekly Business Digest Newsletter Plans have been submitted for a unit at 21 Fountain Street, which was formerly The Spinning Wheel, to convert the property into six apartments and a retail unit. They've been submitted by Kirk Bryson and Co Ltd, which counts Mr Herbert as a director. … [Read more...] about KFC tycoon plans flats at former fabric store in Belfast
After years of development, the housing startup Arkup has debuted a floating home that can withstand rising sea levels and Category 4 hurricanes. The home contains a hydraulic system that lifts it above water and anchors it during heavy winds. Arkup envisions a future where entire communities in Miami and other major cities are designed to float. When the housing startup Arkup revealed its plan to build a floating, hurricane-proof yacht in 2017, South Florida had just witnessed the devastating effects of Hurricane Irma, a Category 4 storm that destroyed hundreds of residences. The company’s models were designed to weather a storm of that magnitude, but it would be another two years before they became a reality. In February, Arkup debuted its first-ever floating residence at a yacht show in Miami. Climatologists have pointed to the city as one most vulnerable areas to climate change. Read more:How to hurricane-proof your home, according to an architect who designs homes … [Read more...] about A $6 million floating home that can withstand Category 4 hurricanes is now a reality. Take a look inside.
The penthouse apartment is not necessarily the most luxurious apartment in a building. Several other types of properties offer similar features and value. If you’re looking for elements such as unique layouts, high ceilings, and outdoor space, keep an eye out for terms such as “maisonette,” “garden apartment,” and “sky loft,” among others. The term “penthouse” is synonymous with prestige and luxury, but it’s actually not always the best apartment in a building. And some say the penthouse has lost some of its allure, as Business Insider previously reported. Reba Miller, a broker at Berkshire Hathaway HomeServices, said penthouses aren’t necessarily the “trophy property” anymore. Read more:Luxury apartment buildings in NYC are locked in an ‘amenities war,’ and it’s highlighting a major problem in the housing market “You can go to many buildings, buy on a lower floor, and feel … [Read more...] about 5 terms to look for instead of ‘penthouse’ if you’re on the hunt for a luxury apartment with a unique layout, high ceilings, or outdoor space
The Erie County Industrial Development Agency is considering whether to issue $13.3 million in tax-exempt bonds to help a New York City-based housing developer that wants to purchase and renovate a 195-unit affordable housing complex in Black Rock. Manhattan-based Related Cos. plans to buy and upgrade the Marina Vista Apartments at 32 Hertel Ave., consisting of two 13-story brick towers with 188,000 square feet of space, located on 5.36 acres. The low-income multifamily complex - formerly known as Watergate II Apartments - features 97 one-bedroom units, 97 two-bedroom units and a single apartment for property management. It's currently assessed at $5.7 million, including the land. Related called the project an opportunity "to preserve and improve an important affordable housing resource." Related will manage the property through an affiliate but also plans to obtain and sell state low-income housing tax credits and majority ownership in the complex to a limited partner that is still to … [Read more...] about N.Y. City affordable housing developer seeks tax incentives for apartment complex renovation