Construction Maison

Panoramic Interests is the developer who recently revised it’s design for 1,031 apartment units to be built near West Oakland BART (1). Previously, the plans called for 1,400 units, but was changed to 1,031 units by removing all of the one-bedrooms, and all but two studio apartments from the plans. Other interesting facts about the revised design include removing all luxury amenities such as gyms, pet spas and chef kitchens. Also removed from the floor plans are any empty corridors, to make most efficient use of the space to provide affordable, unsubsidized housing near a transportation hub. Also, no parking is provided for the complex, just seven spaces for car-sharing and deliveries. So occupants will be relying on public transit and car services. This is certainly a design for the post-modern era that should please the millennials. The estimated rents will be around $2,500 for 2 bedrooms and about $3,500 for a 4 bedroom unit. Instead of luxury amenities, the complex will include 2...

Cross posted from our sister-site, Santa Monica Next . California state legislators are back in Sacramento after a month- long summer recess and they are looking to tackle the state’s growing housing crisis with a package of bills that could generate more than $3 billion for affordable housing as well as streamline new housing approval and construction. But lawmakers and political observers alike have noted that it won’t be an easy task to get the votes necessary to pass some of bigger-ticket legislation, like S.B. 2 and S.B. 3 , both of which have passed the State Senate but still need to get through the Assembly. And both require a two-thirds supermajority to pass. S.B. 2, introduced by State Senator Toni Atkins (D-San Diego), would place a $75 fee on real estate transactions and generate roughly $250 million a year annually. State Senator Jim Beall (D-San Jose) introduced S.B. 3, which would put a housing bond before the voters in 2018 that would generate $3 billion. “We ne...

US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...