Criterion Capital Limited’s Post

Has San Franciso hit its bottom? Much has been made of post-pandemic woe for The City by the Bay, but now may be the time for investors to strike, writes Daniel Lesser. LW Hospitality Advisors #HOTELS #hotelnews #hospitality #hospitalityindustry #hospitalitynews #hotelindustry #sanfrancisco #investment

The City of Sydney is exhibiting amendments to support build-to-rent (#BtR) and co-living housing in #CentralSydney.   The changes to the Sydney LEP 2012 centre on new floor space incentives for BtR and co-living DAs lodged within 5 years of the changes coming into effect. These incentives generally reflect the bonuses available for hotel developments, and include floor space incentives of either 3.5:1, 4.5:1 or 6:1 for BtR in the CBD, and 1.5:1 for BtR or co-living near Haymarket.   Other minor changes are proposed relating to BtR (i.e. parking maximums, ground level restrictions, etc.). Importantly, it is clarified that the 'Tower Cluster' uplift of 50% bonus FSR is not available for BtR.   The broader housekeeping amendments proposed by the City are yet to be exhibited.   Exhibition for comments on these changes closes on 14 May 2024, and the Beam team is available to discuss any of these changes in further detail. The changes can be viewed here: https://lnkd.in/g2TwUu_W Michael Rowe Brendan Hoskins Chris Forrester

APPROVED IMAGE: Greg Shaw, Mulpha CEO  ADDRESS: 355 Sussex St, Sydney NSW 2000 MARKET: Sydney CBD ASSET TYPE: Hotel DEVELOPER: Mulpha International Australia ARCHITECTS: Cottee Parker Architects SIZE: 17-storeys, comprising 272 hotel rooms, ground floor restaurant and hospitality facilities NOTES: This development will partially retain the existing 5-storey building and its heritage façade of the original warehouse built around 1916. Construction is expected to commence in 2024 with completion expected mid-2026. Greg Shaw, Mulpha CEO:  “With the strong rebound in both domestic and international tourism, it is vital that we have shovel-ready projects to grow accommodation capacity and meet demand. Sydney is leading the way in the Australian accommodation industry with strong occupancy levels set to increase further as the international market exceeds pre-Covid levels in 2024 and beyond. As the gateway to Australia, more quality hotels will reinforce Sydney’s status as a global centre for business, finance and education, while supporting the construction sector and broader economy”. #sydney #sydneycbd #sydneyproperty #sydneybusiness #sydneyrealestate #warehouse #industrialproperty #realestate #property #tradedau #transactions #developmentsite #development #propertyinvestment #propertydeveloper #warehouseproject #propertydevelopment #propertyfinance #logistics #manufacturing #land #investment #landbank #cre #commercialrealestate #commercialproperty #warehouseinvestment #warehouseproperty #australianproperty #asiapacific #hotel #hospitality #hoteldevelopment TradedAU CapStack

🏢 Dublin's Housing Dilemma: A City Where Nobody Lives? 🏢 Dublin is grappling with a severe housing crisis, attributed to decades of unbalanced development focused predominantly on commercial spaces, luxury hotels, and offices, leaving residential construction lagging behind. This imbalance raises critical questions about the city's sustainability, livability, and inclusivity. 🔍 Key Insights: The emphasis on commercial development has overshadowed the pressing need for residential spaces, leading to an acute housing shortage. Policies and planning strategies need a reevaluation to foster a balanced and inclusive development, ensuring availability of housing along with commercial growth. A comparison with other European cities can offer valuable insights and lessons to enhance living conditions in Dublin and Ireland. 💬 Let's Discuss: How can Dublin restructure its development policies to ensure a balanced growth between commercial and residential constructions? What are the implications of the current development trajectory on the job market and the quality of life in Dublin? How can we contribute to the conversation and advocate for sustainable and inclusive urban development in Dublin as professionals and concerned citizens? #Dublin #Housing #Sustainability #Jobs #FutureOfWork #realestate

Being one of the busiest areas in London means there are many great pubs and places to eat. Get your fix of quirkiness from the Coach and Horses, Soho’s most famous pub, explore the exotic with Archipelago sensory dining experience or keep it simple with Pierre Victoire French cuisine. You have the luxury of plenty of tube and train stations, including Leicester Square, Covent Garden, Tottenham Court Garden, Charing Cross and Victoria Station. If you’re someone who loves to travel, the Eurostar is just on your doorstep, plus you are only 15 minutes away from Heathrow. Central London is reachable by car and some of the newer housing developments offer underground parking. And finally, how about schools? Well, perhaps those of you planning a move to the West End might consider the private Westminster School, which has turned out six Prime Ministers to date. They’ve just announced a move to full co-ed status – so start saving today… Keep reading about this iconic area through the link below. https://lnkd.in/e66imjKU #rueliving #london #property #lettings #propertydevelopment #londonhome #londonflat #londonapartment #propertyinvestment #realestate #londonproperty #cooperatelettings #londonestateagent #propertyvaluation #propertymarket #areaguide #westend

We have submitted a full planning application to regenerate a brownfield site in Bermondsey with a 26-bed hotel, co-working space and ground floor café.   253-255 Southwark Park Road is currently occupied by a disused bank but is situated on a prominent corner, meaning it is prime to bring back into productive use. Our initial pre-application enquiry explored the potential for a residential scheme and while this was positively received, the decision was taken to proceed with a hotel-led scheme as there is a significant dearth of visitor accommodation within south Bermondsey and this would help address the imbalance.   Key lessons from this pre-app process were to ensure any development enhances the neighbourhood and reactivates the street frontage, as our planner, Simone Ward explains: “The site is located within a protected shopping frontage and ‘The Blue’ Local Centre, which is an historic marketplace known as the ‘Larder of London’ due to its heritage in food manufacturing. The planning officer therefore emphasised the importance of a design that retains retail space and incorporates active uses at ground level to cater for high footfall and encourage inward investment.    “The proposed four-storey scheme integrates flexible Class E space at ground level for the café and co-working space while the rear and upper storeys, accommodating the hotel, are recessed and ensure a continuation of the existing street scene.”   A decision is anticipated in the New Year.   Aaron Henecke Ackroyd Lowrie   #planningapplication #planningsubmitted #planningnews #proudofplanning #regeneration #mixedusedevelopment #urbandevelopment #highstreet #towncentre #hotel #coworking #cafe #Bermondsey #London 

Be sure to check out this great article written by my colleague, Patricia Shih about the recovering hotel industry in Brooklyn post-pandemic!

Check out this commercial listing in Darling!

From malls to mixed-use: This Globest article explores the evolving retail landscape.

What’s your thoughts on the “new new” Market for Aberdeen? Let us know your thoughts in the comments below 👇🏻 #aberdeen #development #regeneration