On today’s show we are talking about a new product that we are increasingly incorporating into our new development projects. When we undertake a development project we are starting with raw land. It’s a blank canvas. It could be whatever the mind can imagine when completed.
The traditional approach has been to build mid-rise apartment complexes. But thee apartments are increasingly saturating the market. They are among the highest density in the market and are generally constrained by parking.
Then you find the build to rent communities that are cropping up all over the country. This sounds like a new concept. But they existed back in the late 1960’s and early 1970’s.
But since these communities have been built in so long, what’s old is new again. The beauty of a build to rent community is that people prefer to live in a low density environment such as detached single family homes or townhouses.
Back in the 1960’s, building standards were not as high as they are today. The sound isolation between townhouses and apartments was not as good as it is today.
Our solution to this is a particular type of townhouse that we call Live Work Play.
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