I can't remember exactly where each of these projects has been built --but it's already been done in some places. Really nice housing units in places that are for low income people that live in those places. Either low rent or affordable for purchase. It could be scaled up quite a bit.
See that’s the thing. The scale. 10 luxury apartments to 2 of those isn’t a very smart scale. All of a sudden we’re now planning to look into basements (like people aren’t already doing that) and smaller units. Hello cubicle apartments
But this is not mixed use —which is also better than what we have in most places. Mixed use not what these developments are. They are 100% community-based places that affordable for low income people. These are extremely feasible to build, if you have capital. The challenge is to raise the capital.
Those NY special prices will getcha. Saw the bare bones of a place running for 700k alone a few years back. It’s not a wonder that people are actually praying for a housing crash… Not me though, the law of unintended consequences. If that happens, it’ll come with more headaches as well