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July 25, 2019

Jamestown Buys Shops Buckhead Atlanta, Plans To Rejuvenate 'Flat Experience'

Urban fever: How long will the urban infatuation last in Atlanta's apartment market? Find out at Bisnow Multifamily Annual Conference Southeast Sept. 10

Exactly how Jamestown Properties will refashion the retail portion of The Shops Buckhead Atlanta is still uncertain, but the company's president knows it will have to change something to capture the attention of Atlanta's shoppers the way the center's previous owner never did.

Jamestown Closes On The Shops Buckhead Atlanta, Plans To Rejuvenate Center's 'Flat Experience'

“The group who came in sort of brought with them sort of a sensibility of West Coast luxury,” Jamestown President Michael Phillips told Bisnow Wednesday, referring to OliverMcMillan's luxury-focused approach to tenanting the 356K SF mixed-use project. “Our goal is…

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Brian Hooker Out At Fort McPherson's Redevelopment Agency

Brian Hooker Out At Fort McPherson's Redevelopment Agency  

The head of Fort McPherson's redevelopment effort has resigned from the agency after recent reports of infighting and questions about the proposed master developer. Brian Hooker, the executive director of the Fort McPherson Implementing Local Redevelopment Authority, which is better…

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CoStar Shifts Strategy With Job Relocations, Sales Focus And Researcher Layoffs

CoStar Group, the commercial real estate data leader that has more than doubled its market value in the last two years, just unveiled a major shift in its research and sales efforts. 

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You Can Now Monetize Your Pool ... Unless It Turns Out To Be Illegal

 

About two summers ago, then-19-year-old Bunim Laskin was looking for a way to entertain his 11 younger siblings. He knocked on the door of an elderly neighbor, who agreed to let him use the pool if he would chip in for the cost of maintaining it. Laskin spread the word around the neighborhood and soon, other wannabe swimmers were also clamoring for pool time.

“It was sort of a teenage project,” said Asher Weinberger, who teamed up with Laskin and helped grow the idea into Pools4You, which they launched last year as an “Airbnb for pools.”

The site has since relaunched as a more mature venture, Swimply.com. 

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City Wants To Change Controversial Affordable Housing Ordinance, But Agreement Is Hard To Find

CHICAGO — One of the city of Chicago’s most controversial methods used to create affordable housing units will likely be amended under Mayor Lori Lightfoot, but advocates and developers can’t agree on what needs changing, and for now at least, the new administration hasn’t decided what it wants to do.

The Affordable Requirements Ordinance was first implemented in 2007, requiring developers to set aside 10% of the total units as affordable housing, or pay an in-lieu fee to the city.  

The law did not live up to its promise, according to a report put out by Lightfoot’s transition team just before she took office in late May.

Developers mostly chose to pay the fees, and built only a few hundred affordable units to meet their ARO obligation, the team said. Meanwhile, the problem of housing affordability in Chicago worsened.

“A lot of us thought there would be more new units developed, and it is frustrating,” Chicago Rehab Network Director of Operations Rachel Johnston said.

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