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Full funding secured for US tallest skyscraper says developer

Deezen

Funding has been secured and construction may begin in September on the Legends Tower in Oklahoma City, which is planned to be the tallest in USA , says developer Scot Matteson. And then we will get a building permit in September. The entire project is financed, including the tower — if the tower gets approved."

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Updated ADU Laws: SB 897 and HCD’s ADU Handbook

Santa Cruz Architect

Just recently, Freddie Mac updated their ADU financing options and CalHFA extended their ADU Grant Program to help even more homeowners build backyard homes. Now, there are two more news items to add to the list of developments. Concurrent Permit Review. Retroactive Permitting. New ADU Law: California’s SB 897.

Permits 97
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Higher development charges, less federal money

Brandon Donnelly

Metro Vancouver, which includes the City of Vancouver and 20 other municipalities, is proposing to increase its development cost charges (DCC) : Metro Vancouver is proposing to increase DCCs by roughly $23,000 per new single-family home; $21,000 per new townhome; and $14,000 per new apartment. This makes some sense.

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Some Good News? More Rentals Are Now Vacant Nationwide

Dwell

Hermann adds that high demand yields tight rental markets but notes that between 2019 and 2023, there wasn’t a "sizable increase" in the number of multifamily building permits in the metro area (which Hermann says ranges between 40,000 and 60,000). percent year-over-year decline." Banks can look around and see what’s happening."

Finances 120
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Saudi Arabia’s The Line Megadevelopment Gets A Lot Shorter

Dwell

Last month, The Guardian and Bloomberg CityLab reported a massive scaling back of the development’s footprint: By 2030, a completed segment of The Line is now predicted to house just 300,000 people and be less than 1.5 miles long.

Finances 116
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The impact of office-to-residential conversion on downtown areas

BD+C

There’s no escaping the fact that vacant office spaces are increasingly becoming a burden for cities and developers, taking up valuable real estate but not providing the same kind of economic value. Office-to-residential incentives Many civic-minded developers see an exciting opportunity to play a role in the transformation of their cities.

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Schematic Design - Developing a Project Budget

Matt Fajkus Architecture

When starting a remodel or new construction project, an important early step is developing your budget to set realistic expectations and avoid surprises midway through the design process. We recommend that a general contractor be engaged for pre-construction services at the end of schematic design to develop a hard cost budget.