But as New York City’s “micro-apartment” project inches closer to reality, experts warn that micro-living may not be the urban panacea we’ve been waiting for. For some residents, the potential health risks and crowding challenges might outweigh the benefits of affordable housing. And while the Bloomberg administration hails the tiny spaces as a “milestone for new housing models,” critics question whether relaxing zoning rules and experimenting with micro-design on public land will effectively address New York’s apartment supply problem in the long run.
SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 230, 239 and 242
Release No. 33-9415; No. 34-69959; No. IA-3624; File No. S7-07-12
Eliminating the Prohibition Against General Solicitation and General Advertising in
Rule 506 and Rule 144A Offerings
“We are adopting amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933 to implement Section 201(a) of the Jumpstart Our Business Startups Act. The amendment to Rule 506 permits an issuer to engage in general solicitation or general advertising in offering and selling securities pursuant to Rule 506, provided that all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that such purchasers are accredited investors”
More info via SEC, Final Ruling
An interesting article regarding the process of designing an attractive curb appeal for multfamily properties.
By David Strosberg, President of Morningside USA
Designing a six-story apartment building that fills an entire block of an existing—and fairly small—suburban downtown is an undertaking that demands the utmost in thoughtful consideration and planning. Play it too safe and the bland design will be lost; be too cutting edge and the development will be uncomfortably out of place. So how does a developer strike just the right balance and create a building with curb appeal that is vibrant yet timeless? That is exactly the question we at Morningside Group had to answer when designing Wheaton 121 in Wheaton, Ill.
Constructing a high-rise sustainable building in a matter of days is an amazing accomplishment. It seems that technology like this could change the face of commercial construction.
“Broad is one of the few Chinese manufacturing companies that has been widely recognized for its green policies and commitment to climate change. It has expanded its business in recent years to include other energy saving products and sustainable buildings, and achieved a feat of building a 15-story tall hotel in 6 days, which received 2 million views in the first 10 days on YouTube.”
Some notable accomplishments noted about the building in this video:
- 5X more earthquake resistant than conventional buildings
- 5X more energy efficient
- External solar shading
- Internal window insulation
- Heat recovery fresh air
- 20 times purer air
A Coming Deluge of Apartment ConstructionApr 10, 2012 12:18 PM, By Victor Calanog, Contributing ColumnistApartment fundamentals are performing at robust levels, with vacancies cratering to levels unseen in more than a decade. With few other real estate sectors offering such promising returns, developers are planning to open hundreds of thousands of new rental units in the next few years. Will the growth in new supply arrest improvements in occupancy and rents?
“’Experienced developers that have pursued ground up in the past are looking now at alternative ways to decrease risk, and tax credits can make development more attractive,’ says Jeffrey Rogers, president and COO of Integra Realty Resources. Including historic, low-income or New Market tax credits in a project’s capital stack makes the entire project seem less risky and more viable, Rogers says.”