All Forum Posts by: Bryan Johns

In a recent discussion with a realtor (who's been doing this a lot longer than me), I mentioned that I'd like to develop a ~20,000 sqft two story building. Per zoning, the first floor could be professional office/medical space and the second floor and above would be multi-family. (There is a need for both in this area.)

He immediately pushed back, saying that the first floor professional tenants wouldn't want this right above them for various reasons (sharing parking with renters, being underneath windows where renters have hung their plants, decorations, etc.) 

Does anyone have experience in this space? Is it a bad idea? How do you effectively design a building like this that attracts both professional tenants and renters?

Hi everyone. I own land that I am planning to replat into two pieces. Afterward, I intend to sell one piece (call it Parcel A) which has high visibility on a busy road surrounded by other growing retail and residential. On Parcel B, I plan to develop the lot in the next few years with ~15k sqft for professional/office space. I’ll also use Parcel B to take care of stormwater detention requirements for the entire property (A & B).

My question: given that I want to sell off Parcel A as soon as possible, and that I don’t intend to begin ground-up construction on Parcel B for a year or more, what steps/approach will make Parcel A most attractive to investors/developers in the near-term?

I already plan to clear the land and demo some older structures this year. By addressing detention requirements, I know that will also be a selling point for Parcel A. Beyond that, what should I consider doing?