Lifestyle Forward Amenities, the Digital Frontier and Multi-Family

As our digital footprint expands, so does our innate desire to connect with and be apart of a community. Much community starts with our living environment and how we are able to connect with those in close proximity, along with the neighborhood for which we inhabit.

As mixed use multi-family continues is growth across all markets in the US, developers and planners are thinking less about privacy and isolation, and more about connecting those that will life, work and play in the space. Along with how they will interact with the retail, restaurants and other “neighbors” within their ecosphere.

The Science Behind Lifestyle Amenities and Community Building

A recent blog featured on multifamilybiz.com by author Kerry Kirby, highlights this burgeoning trend and how it looks to affect not only developers, but commercial brokers looking to lease space and place clients in these new mixed use multi-family complexes.

Kirby highlights a social psychology phenomenon called the  “propinquity effect”. Social psychologists theorize and tested the concept that physical space is the key to friendship formation as opposed to original thinking that values, opinions and beliefs were the key factors in friendship formation. As the author dives further into this concept, it’s clear that trends in more communal living spaces within a multi-family complex such as digital meet-up areas, living rooms, shared workspaces and other community building spaces are changing the way we build relationships and build community.

Putting it to Work

A great example of this lifestyle forward amenity offering is going up right in our own backyard in Kansas City, MO. The Opus Group is developing a lifestyle amenity rich luxury apartment living experience to the vibrant historic Westport area. Along with that luxury living experience, comes the opportunity for mixed use retail space marketed by Colliers International. Restaurants, retail shops and other neighborhood oriented business are being attracted to the lower levels of this complex. A welcome addition to the urban landscape.

UES Consulting Services, Inc is an environmental and engineering firm specializing in Phase I Environmental Site Assessments, Phase II Subsurface Investigations and Property Condition Assessments for Commercial Real Estate transactions. We frequently research and write on trends, market updates, news and other happenings affecting our clients and partners in the commercial real estate industry.

 

Rethinking Adaptive Reuse Projects

What is an Adaptive Reuse Project?

Adaptive reuse projects is the process of taking old buildings or sites, and reusing them for a purpose other than it was designed.

When considering Adaptive reuse projects it’s important to understand if these investments make sense?

Analyzing the practicality of a property is crucial to determine the viability of all real estate investments. The feasibility process has to be more intensive for adaptive reuse because of the stand out difficulties of repurposing an existing property. Considerations like…

  • Demographics
  • Location: Analyze the accessibility and constructibility for the end game
  • Zoning: Whether general or specific plans govern uses and zoning of the property
  • Structure: Study the existing foundation and condition… electrical and plumbing, mechanical and life-safety
  • Community Needs: Stakeholders must consider if a community will buy into the project, namely, if support from local groups and community leaders will be a positive. Along with considering if the project will have backing from local planning commission, city council, or architectural review board.

Trip down Memory Lane

What we mean by this is to look back to learn from the past. Are there any unsolvable issues that were already faced. Are there boundary or easement challenges, historical preservation ordinances, or even legacy environmental issues?

Something to reminisce on for industrial properties… is there a free and clear use for construction and zoning approval? Industrial use challenges are more complex in regards to environmental remediation and these challenges affect both regional and national markets and local.

Thanks so much for reading! If you need consulting for Phase I Environmental Site Assessments, Phase II Subsurface Investigations, Property Condition Assessments, or any Commercial Real Estate transactions of any kind, feel free to ask for a quote today.

MBA CREF 2020

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UES Investing in the Next Generation

UES employees were excited to sponsor a local event that raises support for youth in low income regions. We are passionate about empowering and equipping the next generation for success.

The event, Power of Words, was held in the Power and Light District in Kansas City, Missouri by Youth Ambassadors(YA). YA is a not-for-profit organization that empowers undeserved youth with important life skills, soft job skills, creative expression, and adult mentors who help them become future community leaders willing and able to work for positive change. UES Consulting Services, Phase 1 Environmental Site Assessments, Phase I Environmental Site Assessments, Phase 1 Environmental Site Assessments KC, Phase 1 Environmental Site Assessments Midwest, Phase 1 Environmental Site Assessments US, Phase I Environmental Site Assessments KC, Phase I Environmental Site Assessments Midwest, Phase I Environmental Site Assessments US, Phase I ESA, Phase I ESAs, Phase I ESAs KC, Phase I ESAs Midwest, Phase I ESAs US, Phase 1 ESAs, Phase 1 ESAs KC, Phase 1 ESAs Midwest, Phase 1 ESAs US, leader in environmental consulting and engineering services, engineering services Kansas City, environmental consulting Kansas City, Phase I Environmental Consulting, Phase 1 Environmental Consulting, Phase I Environmental Consulting Kansas City, Phase 1 Environmental Consulting Kansas City, Phase II Environmental Consulting, Phase 2 Environmental Consulting, Phase II Environmental Consulting Kansas City, Phase 2 Environmental Consulting Kansas City

 

There were original works from the programs students that attendees could enter to win in a raffle. Here’s an example of one of the students work. Students presented impressive poems and writing excerpts during the dinner. It was an amazing event aimed to paint a brighter future for some of Kansas City’s most vulnerable and at-risk youth.UES Consulting Services, Phase 1 Environmental Site Assessments, Phase I Environmental Site Assessments, Phase 1 Environmental Site Assessments KC, Phase 1 Environmental Site Assessments Midwest, Phase 1 Environmental Site Assessments US, Phase I Environmental Site Assessments KC, Phase I Environmental Site Assessments Midwest, Phase I Environmental Site Assessments US, Phase I ESA, Phase I ESAs, Phase I ESAs KC, Phase I ESAs Midwest, Phase I ESAs US, Phase 1 ESAs, Phase 1 ESAs KC, Phase 1 ESAs Midwest, Phase 1 ESAs US, leader in environmental consulting and engineering services, engineering services Kansas City, environmental consulting Kansas City, Phase I Environmental Consulting, Phase 1 Environmental Consulting, Phase I Environmental Consulting Kansas City, Phase 1 Environmental Consulting Kansas City, Phase II Environmental Consulting, Phase 2 Environmental Consulting, Phase II Environmental Consulting Kansas City, Phase 2 Environmental Consulting Kansas City

Need help with Commercial Real Estate transactions of any kind?

MBA CREF 2020

MBA CREF 2020 Recap

/
The UES team attended MBA CREF in San Diego this week. It’s…

Advice on Avoiding Issues with the ADA

/
First and foremost, what is the ADA? It is the American Disabilities…

Rethinking Adaptive Reuse Projects

/
What is an Adaptive Reuse Project? Adaptive reuse projects is…