Faith

RE developer / RE PM. Gardener, bicyclist, and boy mom. Opinions are my own.

[Will Poff-Webster @willpoffwebster]

New York spent 18x what Madrid spends, per mile, on the Second Ave Subway.

Over the same period that California failed to build 150 miles of high-speed rail from Bakersfield to Merced, China built 30,000 miles of high-speed rail.

We've known for years that America was paying more for less, but we didn't know how to fix it.

We published the Transit Abundance Playbook to change that, with 15 specific ideas focused on the surface reauthorization bill - let us know what you think!

[Faith @fcable]

@natehoodstp @bpank1 I would estimate at least $50k per unit in repairs if there is water damage and mold. That’s a $10M+ repair job. Or more if $100k/unit is needed…

[Faith @fcable]

@natehoodstp @Tjernlund $2.8M for 220 units is $12,700 per unit. That is not enough to repair the kinds of problems described.

[Faith @fcable]

@coookwithchris Try a bowl of GF oats with water, a tablespoon of coconut oil, lots of cinnamon and a little salt.

[VB Knives @Empty_America]

The fact that it straight up costs $450K to build an 1,800 sq ft. house to modern standards seems very under-discussed.

That is BEFORE talking about land cost, permits, etc.

That is what the materials and labor cost on the open market.

No easy answer to that one.

[Faith @fcable]

@UrbanCourtyard South Minneapolis is the same. Some coffee shops I’m guaranteed to see someone I know. And lot of other parents see my boys out biking together.

[Faith @fcable]

@bobbyfijan @americanhousing Where do the jackets and backpacks and shoes and boots go?

[Faith @fcable]

@NortonMpls Another downside to shipping containers SS housing: Metal conducts heat, which means interior heat loss in the winter and heat gain in the summer, unless the metal is thermally broken by fully wrapping it in insulation.

[Faith @fcable]

@connorkapoor @patrickc A church in Mpls couldn’t do an addition with an elevator and ADA compliant restrooms on the ground floor b/c the existing structure exceeded the zoning lot coverage ratio of 45%.

[Damon Hemmerdinger @damonhemmerding]

Read an article earlier today that makes this claim: “ Somerville, Massachusetts, is one example. It has 80,000 residents and is a leading example of human-scale building with sufficient levels of walkability and transit to make car ownership optional. Yet a study by the city determined that only twenty-two of
its existing buildings conform to its zoning code; thousands more, beloved by residents and visitors and built pre-zoning, have been outlawed and could not be lawfully built today.”

[Faith @fcable]

@rhett_carlson @charlierybak Heard from an affordable housing propert mgr a several years ago: a lot of residents are uber/lyft drivers so their cars are business expenses. I would guess even more today do DoorDash, etc.

[Faith @fcable]

@vincempls I went to a HH event in the Dayton’s project and the acoustics were awful. There was a DJ and no one could hear each other.

[Faith @fcable]

@benkrsnak Can he work on City Center next?

[Faith @fcable]

@mnolangray A nonprofit tried this w/ 4BA, 2BA, shared kitchen/living for formerly homeless youth. Ended up with roommates taking each others food, soap, etc. Constant management & caseworker issues, 30%+ vacancy precovid, high turnover. Now being converted to studios.

[Faith @fcable]

@NortonMpls I liked having places to walk to. Destinations are what make a place walkable. I took my kid to Magers and Quinn, then we walked around. I told him about when the area was full of businesses in the 2010 era. He was trying to understand what happened to make it so weirdly empty.

[Faith @fcable]

In hindsight, the NOAH preservation strategy didn’t work out so well with acquisitions at the top of the market and challenging management afterward. Deals were underwritten too thin to be sustainable.

[Ben Michel @BenMichelCRE]

Huntington Place Apartments finally traded, and it wasn’t pretty.

Bought in 2020 for $74.5M. Sold recently for $33.2M.

The city also had to forgive a $3.8M loan just to get the deal done.

Tough timing. Rates + COVID-era shifts have hit C-class assets hard.

[Faith @fcable]

@chydorina @chashmish1234 Favorite brand of GHK-Cu?

[Jarrett Walker @humantransit]

This is funny, but the real problem of streetcars, and of all rail services, is that when you get to the end of the rails everyone has to get off. Many US streetcar fragments were starter lines built on the cheap, so they’re just too short. They don’t go enough places. 1/thread

[Anna Núñez @nunez_anna]

"We are seeing a reduction of almost 60 percent of our volume on the residential side of our business," Eliud Cavazos, CEO, 57 Concrete. "We applied for bankruptcy in December."
#TXlege
https://t.co/jJ9PJP7GC8

[Aaron Reichlin-Melnick @ReichlinMelnick]

Trump's mass deportation agenda is driving construction firms in Texas into bankruptcy.