deepblog

Unlocking Urban Potential: Miami's Zoning Yield Analysis

The Essence of Zoning Yields Understanding zoning yields at the parcel level is pivotal for comprehensive city-wide housing analysis and strategic site selection. While extracting basic zoning rules marks the beginning, the true insight lies in applying these ordinances to individual parcels, revealing the full spectrum of development potential within...

Revitalizing Historic Edgewater: A Blueprint for Workforce Housing

Redefining Edgewater's Office Landscapes Our meticulous analysis identified 25 office buildings in Edgewater, earmarked for their potential to morph into vibrant residential hubs. The criterion for selection was clear: each building must offer the spatial capacity to host residential units that significantly exceed the existing office footprint. A Neoclassical Gem...

Edgewater's Future: A Vision of Urban Expansion

Unlocking Edgewater's Development Potential Our analytical journey into Miami's urban fabric spotlighted Edgewater as a burgeoning epicenter of growth. With only 16% of its development capacity tapped, Edgewater stands on the brink of a transformative era, poised to multiply its current inventory sixfold. Forecasting a Construction Boom Leveraging advanced predictive...

Entertainment in Urban Development: A Glimpse into Miami's Future

A New Era in Urban Analysis The adventure into predictive modeling for urban development has begun, marking a significant leap in identifying submarkets on the brink of rapid and profitable growth. This innovative approach could revolutionize the discovery of new opportunities, both nationwide and within specific locales. Spotlight on Miami's...

Maximizing Potential with the Live Local Act: A Closer Look at Miami's T4-L Zone

The Transformative Impact of the Live Local Act The Live Local Act is a game-changer, unlocking the potential to maximize the output and value of low-density land. It's not just an economic catalyst; it's a boon for property owners and developers. For single-family homeowners, this Act promises higher sale values....

Leveraging Deepblocks for Market Analysis Under the Live Local Act

Gratitude for Community Interest We are grateful for the interest in utilizing Deepblocks for canvassing markets in line with the Live Local Act. After yesterday's presentation, several inquiries emerged regarding the methodology behind our discovery of 1,267 permissible housing units from the selected 74 sites. Introducing a Video Tutorial To...

Transformative Urban Policy: Miami's Live Local Act

Revolutionizing Housing Density The Live Local Act in the City of Miami marks a significant shift in urban development policies. By allowing for the construction of up to 4.5 times more housing units than currently permitted by base zoning regulations, this act could dramatically alter the cityscape, particularly in areas...

Optimizing T4 Zoning under the Live Local Act: A Deep Dive into Miami's Zoning Complexity

Strategic Aspects of T4-L and T4-O Zoning Navigating the Live Local Act strategy for T4-L and T4-O within Miami presents a complex dance between height, units, and setbacks. Lot size emerges as a critical determinant. For optimal results, property assemblages might be the strategic choice. Focusing on the Largest Parcel...

Unlocking Zoning for Acquisition Opportunities: Deepblocks Revolutionizes Property Analysis

Elevating Acquisitions with Data: Unveiling Deepblocks' Strategic Value Deepblocks is a valuable acquisition tool. If you need evidence, here it is. Unprecedented Analysis: Decoding the Search of 18,000 Properties in Bedford-Stuyvesant We analyzed 18,000 properties in Brooklyn's Bedford-Stuyvesant area and identified 13 with at least 50 units yet zoned for...

Brooklyn's Success: Exploring LIHTC-Funded Projects and Zoning Development Trends

Analyzing NYC Boroughs: Brooklyn's Triumph in City Segmentation When broken down into individual boroughs, the various parts of NYC outperform the city as a whole. Just yesterday, Michael shared a ranking of the top 10 cities in New York State, which showed Brooklyn taking the top spot after we segmented...

Optimizing Development Potential: A Case Study on New Rochelle's 59.01 Tract

Access & Overview: Dive into our Accessible Model on New Rochelle's Prime Site. Access and modify this model without any subscription requirements: https://developer.deepblocks.com/explorer/eGqJBBvH4HQoZwsPCFRV Recently, we identified the only site in New Rochelle’s 59.01 tract with the potential for over 60 units. Presently, the site hosts a small retail establishment. Development...

Unlocking Real Estate Opportunities: How Zoning Dictates Development and Acquisition in New Rochelle

Zoning plays a pivotal role in development and acquisition, with acquisition teams now attuned to its significance. These teams can swiftly identify buildings that have fully utilized their zoning potential. They also gain insights into neighboring possibilities, gauging the number of such buildings that can arise based on zoning regulations....

Revolutionizing Real Estate: The Rise of Automation with ChatDB

From Manual Entry to Instant Data Access: The Automation Evolution" The potential of automation in the real estate sector is often underappreciated. Previously, we had to code each study painstakingly and, before that, input them manually into GIS software. Now, with ChatDB, we can access a plethora of information instantly....

Refining Assemblage Selection: Climate Resilience and Vacancy Verification

Selecting an assemblage for development is a strategic decision. My selection landed on the assemblage least impacted by a 10-foot storm surge. Why? Simply because it eliminates worries related to Sea Level Rise and material decay from extreme salt exposure, two factors that can pose significant challenges to development. Following...

Unlocking Potential in Miami: Assemblage Opportunities in the Central Business District

The Growing Role of Assemblages in Urban Real Estate Assemblages are increasingly becoming a go-to strategy when large sites are scarce, or they are overly expensive and the numbers don't add up. In densely populated urban areas, assemblages might represent the only viable option for further construction. Understanding the Logic...

Leveraging Zoning Scanner: Unveiling Development Potential in Miami's Central Business District

Ninety-Six Hidden Gems: Specific Criteria Define Our Targets in the Central Business District Our Zoning Scanner has surfaced 96 properties within the Central Business District that align with specific criteria: Mapping Potential: Translating Properties into Residential Units and Demographic Growth These identified properties collectively present an opportunity to develop approximately...

Leveraging Unit Density Overlays for Enhanced Residential Zoning in Miami

Unlocking the Potential of Residential Density Increase Areas Overlay (RDIA) Unit Density Overlays significantly alter the landscape of residential zoning. In the City of Miami, depending on the property's location within the Residential Density Increase Areas Overlay (RDIA), unit allowances can increase almost sixfold compared to base zoning. RDIA's scope...

Decoding Miami's T6 Zoning Districts: A Comprehensive Analysis of Building Height, FAR, and Density Regulations

T6 Zoning in Miami: An Overview of Building Height and Floor Area Ratio (FAR) Parameters The highest density zones within the City of Miami are categorized under the T6 zoning districts. These districts typically comprise T6-8, T6-12, T6-24, T6-36, T6-48, T6-60, and T6-80. As these numbers escalate, the maximum allowable...

Deepblocks Fund: A Feasibility Study of Potential Investment Opportunities in Little Havana

Criteria-Based Selection: Identifying Potential Investment Properties Suppose we decided to proceed with a Deepblocks fund. Here is an illustrative feasibility study for the 13 properties in Little Havana that were pinpointed by our query. We specifically identified properties with these criteria: single-family homes, built prior to the 1980s, structures between...

Strategic Investment in Miami's Low-Density Zones: A Development Fund Approach

The Investment Strategy: Targeting Lower 'T' Zones Were we to establish a small development fund aimed at investing in Miami, our initial focus would be on the lower 'T' zones. These zones are suitable for smaller-scale projects, facilitating an iterative approach across the portfolio. Preferred Search Parameters: Identifying Ideal Investment...

Pioneering Building Development: Harnessing AI for Optimal Locational Decisions

Deepblocks is an AI company dedicated to tackling the challenging question - "Where should I build?" Traditionally, answering this question would require an intimate understanding of local markets or a vast collection of complex datasets that combine information about development capacity, existing property inventory, and population demand. The Scalability Advantage...

<strong>Assessing Pricing Scenarios for 231 E Flagler ST: A Developer's Perspective</strong>

We analyzed the 231 E Flagler ST listing by running it through multiple pricing scenarios, taking into account construction costs and potential rents based on the developer's vision. Rents for 1,200 SF units in the area range from $2,800/mo to $11,000/mo, heavily influenced by the target market and the building's...

Evaluating the Uniqueness of a Property: The Case of 231 E Flagler ST

Utilizing the Market Scanner to Compare Property Characteristics To determine the uniqueness of a property like 231 E Flagler ST, we use the market scanner to compare properties with similar characteristics within a one-mile radius: Lot size: 14,000 SFUnits Allowed: 321 unitsBuildable Area: 330,000 SFExisting Building Area: 12,000 SF Uncovering...

Discovering a Rare Development Opportunity in Downtown Miami

Unearthing a Prime Listing in Downtown Miami We found a unique development opportunity at 231 E Flagler St in Downtown Miami, listed on Crexi and represented by Mariano Saal from TIR Prime Realty. The listing is unpriced, so we used Deepblocks to determine a potential price. Navigating Miami Zoning Overlays:...

Evaluating the Feasibility of 423 NE 27th ST: Crunching the Numbers for a Profitable Investment

Feasibility Study to determine the profitability of investing in 423 NE 27th ST, we first maximized the residential units allowed, required parking, and minimum setbacks—on the ground and above the eighth floors. We also repositioned the tower for an amenities area over the plinth. With the following conservative assumptions, our...

Comparable Properties: Assessing Value in the Edgewater Real Estate Market

Following our 423 NE 27th ST analysis, we delve into comparable properties within the Edgewater area. By examining the overlapping characteristics of these properties, we can assess whether any offer is a better deal than the $25 million asking price of the subject property. Identifying Comparable Properties We identified 13...

Tracing an Edgewater Property's Journey: A Glimpse into the Sales History and Future Potential

Listing Research This week, we look closer at an Edgewater property with a notable sales history. Located at 423 NE 27th ST, this property was assembled in 2022 by Groupe City, a French developer, for $14.8 million, which included preliminary plans by renowned architecture firm Arquitectonica. A Surprising Turn of...

Balancing Expectations: Navigating Feasibility Studies with AI Assistance in Real Estate Investments

Feasibility studies often reveal harsh realities. In this post, we'll explore a feasibility study for listing 3400 NE 2 AVE, Miami, FL. Initially, we estimate 162 units, resulting in a 31-story building. When factoring in the 243 required parking spots, the building height increases to 43 stories. The zoning regulations...

The Power of AI in Feasibility Studies: Uncovering Real Potential for Real Estate Investments

Feasibility studies are crucial in real estate investment, particularly for Value-Add and Opportunistic funds. The AI assistant provides preliminary zoning data on units allowed, parking requirements, maximum building height, and FAR, helping uncover a property's true potential. The AI-Assisted Feasibility Study in Action The AI assistant analyzes property 133 NE...

Navigating the Final Stages of Site Selection: Analyzing Properties with AI Assistance

After narrowing down the list of potential investment properties, the AI now assists the analyst in comparing the remaining properties based on price, shape, existing building area, development potential, and sea level rise risk. Comparing Price and Cash-Flow Potential Priced at $355/SF and $551/SF of land, the latter features an...

Delving Deeper: AI-Assisted Analysis of Property Development Potential in Edgewater, Miami

The AI-Assisted Analysis compared three property listings in Edgewater to make informed investment decisions based on their lot sizes and the applicable zoning rules. Lot sizes are a critical aspect, as most municipalities impose minimum requirements for development purposes. One of the properties they examined was a 2,125 SF lot,...

AI-Powered Site Selection with Deepblocks. Revolutionizing Real Estate Investment

Investors will turn to AI-powered tools for site selection and feasibility analysis as the real estate industry evolves. At Deepblocks, we're pioneering the development of an AI assistant that leverages our cutting-edge data and software to streamline these critical processes. This week, we'll delve into a hypothetical conversation between a...

Maximizing Real Estate Investment Potential with Deepblocks

Discovering the Highest and Best Use for a Property Determining the highest and best use involves running multiple scenarios. We envisioned a software that automatically identifies the most profitable development approach, and we are closer than ever. We started with a tool that allowed us to seamlessly analyse development. Exploring...

Deepblocks: A Powerful Tool for Analyzing Real Estate Investment Opportunities

Delving Deeper into Listing ID: A11353589 With a listing selected, Deepblocks provides images, descriptions, and zoning data to help you decide whether to operate or build from scratch. In this case, the existing property includes three buildings, 13 units, and a combined structure size of 4,494 square feet, constructed in...

Leveraging AI-Powered Real Estate Software: Revolutionizing Property Searches and Investments

Envisioning the Future of PropTech As technology evolves, we are reimagining the interface between investors and cities. By blending cutting-edge advancements with user-friendly design, we can create a seamless experience for clients searching for the perfect property. Discovering Commercial Properties in Little Havana, Miami, with Deepblocks Imagine using Deepblocks (Db)...

Understanding Setbacks: Shaping the Layout of Buildings on a Lot

What are Setbacks? Setbacks are the minimum required distances between a building's exterior walls and the property lines of a parcel of land. Setbacks ensure that buildings maintain a certain distance from streets, neighboring properties, and other structures, to regulate light, air, and privacy. The Purpose of Setback Regulations Setback...

Exploring Zoning Lot Coverage: A Key Factor in Land Development

What is Zoning Lot Coverage? Zoning Lot Coverage refers to the percentage of a parcel of land that can be occupied by a building's footprint, including all its projections (such as eaves, porches, or decks). This regulation is crucial for controlling the density and intensity of land use in a...

Navigating Unit Density Overlays and Future Land Use Maps for Optimal Investment Opportunities

The Impact of Unit Density Overlays on Allowed Unit Density Unit Density overlays, such as Miami's Residential Density Increase Areas (RDIA), can significantly influence the permitted units on a parcel. In RDIA areas, the base zoning allows 150 units per acre maximum. However, the RDIA overlay can increase this limit...

Leveraging Unit Density: Identifying Acquisition Opportunities

Recognizing the Value of Unit Density in Acquisition Opportunities Unit density is a valuable metric when exploring acquisition opportunities, particularly when a parcel's existing number of units equals or exceeds the allowable limit. The parcel has already reached or exceeded its maximum Unit Density in such cases. Targeting Properties with...

Houghton's Housing Hurdle: Exploring the Potential of Building Up

The Rise of Houghton and the Need for Housing Solutions Houghton, MI, is enjoying a surge in popularity thanks to remote work and a love for outdoor recreation. The Upper Peninsula's branding strategy now emphasizes quality of life and natural assets. The region is in dire need of more housing...

Reviving Dayton's Julienne High School Site: From Controversy to Urban Development

Community Efforts to Save the Historic Building The former Julienne High School, a historic building in Dayton, Ohio, faced controversy as community members fought to save it from demolition in 2012. They suggested repurposing the site for transitional housing, job training, or community centers. HōM Flats at Forest Avenue: A...

Revitalizing Syracuse: The Land Bank and Blueprint 15 Partnership

The Land Bank's Role in Community Development. The Land Bank in Syracuse holds around 100 properties in the South Side. These properties were foreclosed on by the city due to unpaid taxes or unsafe conditions. The challenge is to improve the community without triggering aggressive gentrification. Blueprint 15's Impact on...

Reinventing Retail: Shopping Malls Convert to Residential Towers

The Shift in Retail Landscape and the Emergence of Housing Opportunities The retail landscape is transforming due to the decline of brick-and-mortar stores and the rise of e-commerce. This shift has driven many shopping malls and retail centers to explore innovative ways to repurpose their spaces, offering excellent housing opportunities....

Frisco's Wade Park: Tumultuous Journey to Reach Massive Potential 

From Turmoil to Hope: The Ownership Journey of Frisco's Wade Park Frisco's Wade Park, a $2B, 120-acre project, has had a tumultuous ownership trajectory. The project started in 2014, stalled in 2018, went into foreclosure in 2019, and passed thru a federal court in 2022. Recently, there has been a...

Philadelphia Community Fights for Affordable Housing

Dispute Over Demolition Moratorium Displaces 69 Households in Philadelphia A Philadelphia developer sued the city over a demolition moratorium and zoning changes. The developer's decision not to renew federal subsidies led to the displacement of 69 households. The community is fighting to help these families. Untapped Development Potential: Balancing Affordable...

The Economic Ripple Effect: How the Technology Sector Impacts California Cities

Tech's Dual Impact: Median Income and Rent Growth in the Bay Area The technology sector has been a key contributor to the economic growth of numerous Californian cities, especially in the Bay Area. Among the 30 cities ranked, only two featured in both Median Income and Median Rent growth categories....

The Rise of Suburban Living: Exploring Texas' Thriving Suburbs

Embracing Suburban Living: Texas' Expanding Residential Landscape Over the past decade, the Lone Star State has experienced significant growth in urban and suburban areas. While cities like Houston, Austin, and Dallas attract new residents, more people seek a suburban living. Texas Suburbs Thrive: Population Density and Rental Housing Demand Surge...

Gilbert, Arizona: A Well-Rounded City on the Rise

The Impressive Rise of Gilbert, Arizona: Dominating in Seven of Eight Growth Categories In Arizona, one city stands out as the most impressive: Gilbert. Gilbert, Arizona has achieved the top ranking in seven of the eight growth categories. This impressive performance shows that Gilbert is a well-rounded and dynamic city...

Top Florida Cities by Growth: An Analysis of Diversity, Crime, Ownership, and More

Examining the Top Three Cities and their Performance Across Eight Key Categories After analyzing 44 Florida cities with a population over 65,000, Doral, Homestead, and Kissimmee emerged as the top cities, ranking in the top five across four out of eight growth categories. The City of Miami also performed well,...

Unraveling Growth Potential in Tallahassee

Understanding Buildable Areas and Residential Unit Limitations Many developers face disappointment when trying to maximize the Floor Area Ratio (FAR) for multifamily projects, as the number of units allowed often falls short of the potential buildable area. It is imperative to understand the specific zoning regulations before investing. What is...

A Vision of Miami's Future Density Trajectory and the Impressive Growth of Edgewater

Exploring Miami's future density expansion patterns. We have determined the city's future density trajectory by analyzing Miami's existing and potential densities. Our visualizations indicate that Miami's density will become more concentrated downtown while also expanding towards the north and west. Overview of Edgewater: a Miami north downtown neighborhood. Located north...

Predicting Future Urbanization

Revealing the future of Florida's urban growth in a buildable area analysis. By digitizing the total buildable area across five Florida cities, we can compare current and future building density intensity and location. This visualization uncovers the direction of future growth. This week's series will dive deeper into predicting development...

The Importance of Sea Level Rise

​​If you missed Deepblocks' live webinar last week, you can watch the recording here. In the webinar, Michael Covone and Olivia Ramos discuss the potential impact of sea level rise on investment decisions....

The Complexity of Zoning Data and the Potential of Advanced Technology

Understanding the Importance of Complete and Accurate Zoning Information for Real Estate Development and Property Ownership Digitization and automatic zoning calculation are becoming increasingly popular for their ability to provide accurate and consistent development insight at scale. Traditional collection and dissemination of zoning methods are often manual and prone to...

Public vs Private Real Estate Investing feat. Ehson Kolb

Are there any real estate Exchange-Traded Funds (ETFs) that encompass homebuilders, Real Estate Investment Trusts (REITs), technology companies, and their supporting ecosystem? If you didn't have a chance to catch it, check out last week's webinar where Michael Covone engages in a conversation with Ehson Kolb....

Correlations between Construction and Economics

In case you missed last week’s LinkedIn Live webinar, we’ve posted the video here. In case you missed it, here is last week’s interview in Michael Covone’s weekly webinar. We discuss potential correlations between construction activity and market economics. Sign up for our weekly webinars on LinkedIn Live!...

Developer Case Study: Mixed-Use in Medellin, Colombia

Using Deepblocks Developer, we can go worldwide and generate a new construction project analysis. Today we look at Medellin, Colombia. As an architecture student, I relished the opportunity to reshape the world. However, upon entering the practice, I was met with the harsh reality that my role was not to...

Hundreds of commercial development sites with buildable areas between 50,000 and 500,000 SF in Fort Worth’s tract 1237.

With the second fastest economic growth, Fort Worth's tract has plenty of room for new development. Downtown Fort Worth has loads of development capacity. We adjusted the Deepblocks’ search for properties with less than 3,000 square feet. For this exercise, we considered these vacant. Then we searched for the allowable...

Three hundred sixty-one homes near downtown Fort Worth are nearly 100 years old.

Fort Worth tract 1038.00, near downtown, has 797 homes built between 1900 and 1960s. There are numerous old houses with tons of character, great structures, and solid foundations. When I looked into tract 1038.00 in Fort Worth, I found the following opportunities: 797 houses built before 1960 and 361 built...

Median income from 2013 to 2020 in downtown Fort Worth.

Some of Fort Worth's downtown tracts' median income has doubled in seven years. Fort Worth’s downtown tracts 1237.00 and 1038.00 are in the top five of economic growth. I used the Deepblocks dynamic layers to see how median income changed from 2013 to 2020. This feature helps create investment narratives...

Top five tracts with the highest economic growth trends in Fort Worth, Texas.

These five tracts in Fort Worth, Texas, have the highest growth trends in median income, median rent, and employment per population. We’ve combined the trends for median income, median rent, and employment per population into a single economic index. These five tracts have the highest combined trends across all 218...

Residential opportunities in Fort Worth’s tract 1110.20.

There are 21 residential investment opportunities for rebuilding or renovating this Fort Worth neighborhood. We are testing different formulas for identifying early investment opportunities. In other words: Where can I buy relatively cheap now and hold 5-7 years for a big return? This Fort Worth neighborhood, tract 1110.20, has an...

The last vacant assemblages in Fort Worth’s census tract 1139.48.

In Fort Worth’s tract 1139.48, 16 vacant parcels and potential assemblages allow for light industrial, retail, or residential. Fort Worth’s tract 1139.48 is the third fastest-growing population density out of 218 tracts. Since 2010, its population has doubled. The median income is $80k; however, almost every adjacent tract is in...

Fort Worth census tract 1139.46 has a median income of $123K and is the second fastest-growing population density.

What is happening in Fort Worth, Texas's most luxurious and fastest-growing tract? Tract 1139.46 has the second fastest-growing population density in Fort Worth, Texas. Out of the top five in this category, it has the highest median income of $123K. The race distribution is relatively homogeneous, with the white population...

These neighborhoods in Fort Worth, Texas, have the highest population density growth.

Fort Worth neighborhoods with the highest population density growth cluster in the northeast quadrant. Four of the top five tracts in Fort Worth with the highest population density growth are in the northeast quadrant. Something is happening in this region of Fort Worth, and we received validation from the locals...

Utopia in Fort Worth’s Downtown Tract 1233.02.

This Fort Worth downtown tract has unlimited zoning capacity and industrial-residential-agricultural mixed-use. We found a utopia in Texas. There is so much potential in downtown tract 1233.02. Not only does it have unlimited buildable area in the zoning rules, but it also allows for multifamily, industrial, and urban agriculture—on the...

The Ecosystem Zoning Typology in tract 1139.31, Fort Worth, Texas.

Industrial zoning and residential development coexist in two of Fort Worth’s top investment tracts. Fort Worth’s distribution of zoning uses is fascinating. Tract 1139.31 is the second tract in the north-northeast quadrant, with equal parts industrial and residential zones. Moreover, both zones also allow for urban agriculture. Why should cities...

Development Opportunities in tract 1139.43, Fort Worth, Texas.

What is the potential breakdown of investment and development opportunities in tract 1139.43? Tract 1139.43 in Fort Worth, Texas, is an ecosystem with zoning equally divided into residential communities, agriculture, and industrial development. It is utopian. You have jobs, food growth, and housing within a one-mile radius. What is the...

The location of the top five Fort Worth neighborhoods according to our Investment Index.

Here are the locations of Fort Worth's best neighborhoods for real estate investments. Data-driven real estate investing is like having local knowledge everywhere. Local developers experience the change and tune in on migration activity from specific communities, such as artists and galleries, to invest before a market boom. What if...

Top five neighborhoods for real estate investment in Fort Worth, Texas.

We’ve compared all census tracts across Fort Worth based on demographics, construction, zoning, and economic conditions. Introducing our data-driven formula to identify census tracts with the highest growth trends in any given city. It combines demographic growth, construction activity growth, zoning capacity, and economic growth. We are bullish on the...

Arlington, Texas, has three times the development capacity of Garland and Irving.

Fort Worth has twice the development capacity of Dallas. Calculating the total development capacity of an entire city requires an arduous digitization process. Municipalities may not know how much capacity they have. Deepblocks now offers these services across cities. Why is it essential to digitize zoning data at the MSA...

How to capture the direction of downtown expansion.

The juxtaposition of current and future density delivers direction for real estate growth. We separated the top five tracts with the highest current inventory density (in blue) and the top five with future development density (in red) to depict potential growth. In purple, we are showing tracts in the top...

Are economic trends and construction activity correlated?

We have discovered a direct correlation between economic trends and construction activity in the Dallas-Fort Worth MSA. The correlation between construction activity and economic trends makes sense. It makes sense because construction loans are required, and given the tight margins, interest rates can break the bottom line of a new...

Ownership and crime in the Dallas-Fort Worth metropolitan area.

What is the relationship between ownership and crime trend lines in small versus large cities? One of the most interesting correlations from our Deepblocks density index report was between ownership and crime. At least in the five sampled cities of Dallas-Fort Worth MSA, the correlation between crime and ownership had...

Density growth index applied to Dallas-Fort Worth metropolitan area.

How to leverage data to detect investment opportunities automatically? The first step is determining which city has the best metrics. We conducted a pilot study on five cities in the Dallas-Fort Worth metropolitan area. We compared Irving, Fort Worth, Dallas, Arlington, and Garland across population density, economic growth, construction density,...

How many Multifamily Development Opportunities in Downtown Dallas, Texas?

We found six prime properties out of 1,867 for multifamily development based on the following search criteria: Vacant Parcels allowing between 100-500 units: 190 sites and lot size larger than 9,600 SF: 6 sites 190 sites are vacant and allow between 100-500 units, and only six of those sites are...

How much development potential is in Dallas, Texas?

Dallas, Texas has 294,122 sites, and 12% are vacant. That’s 35,643 vacant sites. Moreover, 17% of the vacant sites allow for the construction of at least 100 units. That’s 6,299 vacant sites with massive multifamily development. I can see why Dallas has so much development interest and why many customers...

How many cities do we have live in the Dallas-Fort Worth MSA?

When we started digitizing zoning ordinances four years ago, the strategy was to start with the US's largest and most powerful metropolis. Our COO, Jeffrey Millett, created an algorithm to determine the top 100 cities with the most development capacity. Why is digitizing zoning ordinances so hard? We soon realized...

Are there multifamily opportunities in Lincoln Park, Chicago?

Lincoln Park, Chicago, has a higher density than Bridgeport, which we studied last week. Properties with the highest density yield between 40 and 50 units. In this study, we found six properties that allowed more than 40 units and currently have less than 5,000 SF. These properties have at least...

Are there assemblage opportunities in Bridgeport, Chicago?

Bridgeport is a low-density Chicago neighborhood, most sites yield between 5 and 15 units. We have to assemble adjacent parcels to develop a multifamily project of 30+ units. Assemblages are composed of properties that have good criteria for development. How to analyze properties for assemblages? Assemblages require adjacent sites with...

How many multifamily assemblage opportunities are in West Town, Chicago?

Assemblages are growing in popularity due to the lack of land for new development. The key is to find a set of adjacent properties that all have high development multiples. Then negotiate these properties with their respective owners. It is preferable to find assemblage opportunities with the same owner. Depending...

How many sites have development potential in Chicago?

Chicago has 604,319 properties under the Chicago Zoning Map. Today we looked into which ones have development potential using the development multiple calculations. For example, we’d like to filter sites where the total buildable area is ten times the existing building area. We narrowed it down to three sets. The...

What is a development multiple?

A development multiple tells us how much development potential there is on any given property. It is an abstraction of how much room is available for development. At scale, development multiples tell us how much a city region can grow. We divide the total buildable area by the existing building...

Can the Inland Empire be the foundation for a circular city?

Shorter delivery times are a general demand. If products need to be closer to the people, one option is to bring the warehouses into the city, which I explored in last week’s post. A second option would be to build cities over warehouse districts. Think multilayered Chicago, in which elevated...

Can industrial warehouses and residential zoning coexist?

It is inevitable and the only way to fulfill the expectations of nearly instant delivery times. The only way to speed up delivery times is to bring the warehouses closer to our homes. I recently purchased an exercise machine for my home gym. I could have ordered it on Amazon,...

Investing in Single-Family Homes? Find the ones zoned for duplex.

Single-family homes make up a large percentage of most of our cities' total area. For example, in the City of Miami, 46,400 of 67,921 parcels (68%) are zoned for single-family homes. In Los Angeles, 436,427 of 671,742 parcels (65%) are zoned for single-family. As urbanization increases, slowly but surely zoning...