Writing · Capital / Finance / Investing
Much smaller units, little to no amenities or parking, and more concrete = More affordable housing?
"Jonathan Segal has some ideas for ending the housing crisis in one corner of California.
The lauded FAIA architect is a do-it-all developer, investor, owner, general contractor, and property manager. One recent project showcases how defying conventional wisdom can help ease affordability constraints in housing markets such as San Diego. Segal’s self-described “demonstration project” is called The Continental, an eight-story, 27,000-square-foot community of 42 studio apartments, which average 380 square feet, plus glass-walled balconies or patios.
Why demonstration? Because there was nothing like it in San Diego. The property is a test of amenities … or lack of them. Parking? Barely, just a couple spots. Dog park? No. Community room? No. Pool? No. Fitness center? No. Staffed front desk? No. The Continental travels light. Segal has little interest in the “can you top this?” amenity wars."
https://lnkd.in/gtBUxQEd