Doma San Diego, California

Total Page:16

File Type:pdf, Size:1020Kb

Doma San Diego, California doma San Diego, California Project Type: Residential Case No: C035009 Year: 2005 SUMMARY doma is a 121-unit, market-rate condominium building that comprises lofts, flats, and townhouses ranging in size from 725 to 1,600 square feet (67.4 to 176.5 square meters). The block-sized project combines two distinct design typologies: a modern, eight-story industrial-themed concrete structure on one end of the site and a more traditional four-story wood-frame townhouse component at the other. Located in the Little Italy neighborhood of downtown San Diego, it was designed with mid- to high-end buyers in mind—the building includes open space, top-of-the-line appliances, granite countertops, and ample deck space. Eight of the townhouses are “shopkeeper units” in which the living space is placed directly above a storefront. FEATURES Transit-oriented development Mid-rise building doma San Diego, California Project Type: Residential Subcategory: Multifamily Volume 35 Number 09 April–June 2005 Case Number: C035009 PROJECT TYPE doma is a 121-unit, market-rate condominium building that comprises lofts, flats, and townhouses ranging in size from 725 to 1,600 square feet (67.4 to 176.5 square meters). The block-sized project combines two distinct design typologies: a modern, eight-story industrial-themed concrete structure on one end of the site and a more traditional four-story wood-frame townhouse component at the other. Located in the Little Italy neighborhood of downtown San Diego, it was designed with mid- to high-end buyers in mind—the building includes open space, top-of-the-line appliances, granite countertops, and ample deck space. Eight of the townhouses are “shopkeeper units” in which the living space is placed directly above a storefront. LOCATION Central Business District SITE SIZE 1.38 acres/0.56 hectare LAND USES Downtown Housing, Condominiums, Townhouses, Multifamily Housing, Loft Housing KEYWORDS/SPECIAL FEATURES Transit-oriented development Mid-rise building DEVELOPER CityMark Development 701 B Street, Suite 1100 San Diego, California 92101 619-231-1161 Fax: 619-235-4691 www.citymarkdev.com ARCHITECT Martinez + Cutri 750 B Street, Suite 1700 San Diego, California 92101 619-233-4857 Fax: 619-233-7417 www.mc-architects.com PLANNER Project Design Consultants 701 B Street, Suite 800 San Diego, California 92101 619-235-6471 Fax: 619-234-0849 www.projectdesign.com LANDSCAPE ARCHITECT Deneen Powell Atelier 2805 El Cajon Boulevard San Diego, California 92104 619-294-9042 Fax: 619-294-9028 www.dpadesign.com GENERAL DESCRIPTION A block-sized mid rise that includes units in townhouse, loft, and flat configurations, doma is among the first of a wave of new urban housing projects in downtown San Diego. The structure stands between an arterial street and a trolley line in a traditional pedestrian-scale community. It combines two distinct design typologies, with a modern, eight-story concrete loft structure on one side of the block and a more traditional four-story wood-frame townhouse section on the other. The latter showcases the historic asset of a restored art deco–style store and clock tower on the corner of the site. Targeting mid- to high-end buyers, the 121 market-rate condominiums in doma range in size from 725 to 1,900 square feet (67.4 to 176.5 square meters). In addition to lofts, flats, and townhouses, the development contains eight “shopkeeper” units, with living space over storefronts. To compete successfully within a burgeoning market for urban housing in San Diego, the development team chose to invest in bold architectural features, a courtyard, high-quality materials, generous decks, high ceilings, and strong connections to the three adjacent pedestrian streets. SITE doma occupies a full block at the western edge of the Little Italy district of downtown San Diego. The neighborhood is named for a multigenerational Italian fishing enclave with a strong cultural heritage that continues to this day. Single-family homes, small apartment buildings, and family stores form the core of this walkable neighborhood, which city planners would like to perpetuate and expand. Nearby India Street has been improved as a pedestrian paseo, and is now dotted with outdoor cafés and restaurants. The 60,000-square-foot (5,574-square-meter) site lies three blocks east of the San Diego harbor, 1.5 blocks from the trolley station and also near commuter rail and bus lines. It is bounded on the east by busy Kettner Boulevard and on the west by California Street, which holds a below-grade trolley corridor. The aforementioned landmark 1930s commercial building, with a clock tower and entrance on the corner, dominates the southeast corner of the block. At the meeting of two city street grids, the block is an irregular trapezoid, tapering toward the west and sloping down in that direction with a 15-foot (4.5-meter) grade change. These conditions allow for water views on three sides of the project. Along with the nearby bay, the building is positioned to offer views of La Jolla, Point Loma, Mission Hills, and the downtown skyline. While the two dead-end side streets, Date and Fir, are low-traffic view corridors, the bayside view corridor displays California Street and the trolley line in the foreground. As demand for downtown residential units increases, Little Italy is undergoing a transition that is balanced with an emphasis on neighborhood heritage, including the traditional Saturday street market and numerous festivals and community events. Well positioned to be a part of the life of the neighborhood, doma is close to the city’s office and commercial core. It also lies within blocks of Interstate 5, with easy access to most of the landmarks of the greater San Diego area. DEVELOPMENT CityMark, the developer of doma, is a San Diego–based company founded in 2000 by Rich Gustafson, president, with Vince Hoeningman, vice president, and Russ Haley, vice president and CFO. Gustafson and Haley grew up in San Diego and previously worked for Shea Homes’ San Diego division. Hoeningman, a San Francisco resident who holds a master’s degree in urban planning, has had a career in the software industry. doma is one of CityMark’s two initial downtown projects. Construction on a much smaller 16-unit townhouse project, located at nearby Cortez Hill, had just begun as design was being completed for doma in the fall of 2001. The firm also started and finished a townhouse development in the center of nearby La Mesa during the time that doma was under development. Prices throughout the southern California residential market have soared since 2000. Prior to that year, very little market-rate housing was available in downtown San Diego, and the full scope of demand for such housing was not anticipated by developers or the financial community. Since 2001, the year that CityMark acquired the site and sought financial partners for doma, the number of downtown market-rate housing units has tripled, with demand increasing exponentially. Then the events of September 11, 2001, stunned the financial community nationwide. As CityMark sought construction backing in the wake of the disaster, the project was turned down by 90 different potential equity partners. In addition to the historic events, the developers also found that the site location along a train track and the noise generated by passing trains were significant obstacles for lenders. The lenders, most of whom were based out of town, did not recognize that the trolley could be considered an amenity, and were unaware that many high-end projects were also located along the trolley lines. In the end, the project’s location at the edge of downtown San Diego and near the stretch of waterfront owned by the Port of San Diego proved to be strategically advantageous. With its local office, Comerica grasped the market potential for doma, and approved a construction loan for the project. Since the completion of doma, CityMark has gone on to develop three more mixed-use projects: M2i, a block-sized, 230-unit mixed-use loft building with ground-floor retail space near Petco Park (baseball); Fahrenheit, a 77-loft project with shopkeeper units; and the Egyptian, an 80-unit mixed-use development in the Hillcrest neighborhood to the north, which includes affordable housing. FINANCING As one of the first new urban infill projects in the neighborhood, doma carried inherently high financial risks and demanded strong commitment from backers. Over two years passed from the start of sales until the project was ready for move-in. With the San Diego urban residential market only in its early stages of growth and the unsettling events of September 11, 2001, third-party equity placement was difficult to find. CityMark initially funded the entire equity requirement. With construction underway and a healthy sales performance, Strand Capital, a Vancouver-based equity placement company, provided subordinated debt, which replaced much of the required equity in the project. A construction loan from Comerica was based on 65 percent of value and 80 percent of cost. The expectation for financial performance was a 30 percent internal rate of return, which was met and exceeded. The project was sold out before it was complete. Preferred mortgage lenders for finished units were Sterling Capital and Wells Fargo Mortgage. DESIGN Designed by Anthony Cutri—a partner in San Diego–based Martinez + Cutri Corporation, a firm whose portfolio includes institutional and urban design projects in addition to mixed-use and multifamily developments—doma is a blend of architectural styles. The north part of the block is occupied by a modern, eight-story cast-in-place concrete loft building. It faces the street with expansive loft windows and large decks. This section of doma is industrial in structure and concept, expressed in raw concrete and steel.
Recommended publications
  • ARCH 125 Presents a Study of the Numerous Considerations Required to Build a Typical Two Story, Four Unit Townhouse Or Apartment Complex
    COURSE OUTLINE : ARCH 125 D Credit – Degree Applicable COURSE ID 001319 OCTOBER 2020 COURSE DISCIPLINE : ARCH COURSE NUMBER : 125 COURSE TITLE (FULL) : Residential Architectural Design II COURSE TITLE (SHORT) : Residential Archl Design II CATALOG DESCRIPTION ARCH 125 presents a study of the numerous considerations required to build a typical two story, four unit townhouse or apartment complex. Discussion reviews fundamentals of design, building code considerations, techniques of construction, working drawings and construction details. Additional work includes structural considerations, heating, insulation, sound proofing, sanitary systems, foundation design, presentation techniques, and model building techniques. Total Lecture Units: 1.50 Total Laboratory Units: 1.50 Total Course Units: 3.00 Total Lecture Hours: 27.00 Total Laboratory Hours: 81.00 Total Laboratory Hours To Be Arranged: 0.00 Total Contact Hours: 108.00 Total Out-of-Class Hours: 54.00 Prerequisite: ARCH 120 or equivalent. Recommended Preparation: ENGR 109 and ARCH 250. GLENDALE COMMUNITY COLLEGE --FOR COMPLETE OUTLINE OF RECORD SEE GCC WEBCMS DATABASE-- Page 1 of 6 COURSE OUTLINE : ARCH 125 D Credit – Degree Applicable COURSE ID 001319 OCTOBER 2020 ENTRY STANDARDS Subject Number Title Description Include 1 ARCH 120 Residential Plan and design a two story structure; Yes Architectural Design I 2 ARCH 120 Residential draw a complete set of documentation or Yes Architectural working drawings; Design I 3 ARCH 120 Residential document selection of components from Yes Architectural structural manufacturing literature; Design I 4 ARCH 120 Residential expand usage of the uniform building code; Yes Architectural Design I 5 ARCH 120 Residential demonstrate familiarity with a body of Yes Architectural technical vocabulary coinciding with the Design I study of two story construction.
    [Show full text]
  • NEW TOWNHOUSE / DUPLEX DWELLINGS (Effective September 22, 2021)
    TH - Submittal - Effective 9-22-2021 BUILDING PERMIT APPLICATION REQUIREMENTS FOR NEW TOWNHOUSE / DUPLEX DWELLINGS (Effective September 22, 2021) Completed Residential Application. Three (3) sets of construction plans (for building). These construction plans must be signed and sealed by a MD registered Architect or Engineer, unless the plans are for the developer’s, builder’s or contractor’s own construction. (However, any elements of construction that are beyond the scope of the building code must still be designed, sealed and signed by a MD licensed Engineer). Five (5) copies of site plan showing grades, water and sewer connections/cleanout, house setbacks, driveway location, sidewalks (for building). Two (2) copies of REScheck. New Residential Dwelling Assessment Worksheet. One (1) copy of recorded plat. Residential Water and Sewer Allocation Application (w/copy of approved Exhibit #1 of Water Service Contract if applicable). Adequate Public Facilities Ordinance (APFO) Exemption Form OR Certificates of Approval. Print out from the Maryland Department of Assessments and Taxation website www.dat.state.md.us from Real Property Data Search (if the ownership is different, you will need to provide Proof of Ownership with signature (i.e. recorded deed or HUD1 closing statement). Monocacy Sewer System County Form – This is ONLY REQUIRED IF ON COUNTY SEWER (see *Note below). NOTE: FEES ARE PAYABLE BY CASH OR CHECK ONLY TO THE CITY OF FREDERICK BUILDING Per Dwelling Unit Less than or Equal to 2500 Sq. Ft. = $ 500.00 APPLICATION Greater Than 2500 Sq. Ft. – Less than or Equal to 4000 Sq. Ft. = $ 800.00 FEE Greater Than 4000 Sq.
    [Show full text]
  • Townhouse Or Two-Family Dwelling?
    TWO-FAMILY DWELLING, TWO-UNIT TOWNHOUSE and TOWNHOUSE BUILDINGS and the 2020 MINNESOTA RESIDENTIAL CODE Minnesota Department of Labor and Industry DEFINITIONS A two-family dwelling (IRC-2 occupancy) is: • A building containing two separate dwelling units. • The separation between units is either horizontal or vertical. • Both units are on one lot. • Sometimes referred to as “duplexes.” A townhouse (IRC-3 occupancy) is: • A single-family dwelling unit constructed in a group of two or more attached dwelling units. • Each unit is a separate building and extends from the foundation to the roof with open space on at least two sides of each unit. • Each unit is provided with separate building service utilities required by other chapters of the State Building Code. • A two-unit townhouse is sometimes referred to as a “twin-home.” DISTINCTION The primary differences between a two-family dwelling and a two-unit townhouse or twin-home: • Property – A two-unit townhouse or twin-home is typically located on two separate individual lots with a property line running between them whereas both units of a two-family dwelling, or “duplex,” are located on the same single lot. • Separation – A two-unit townhouse must be separated from the foundation to the roof by a double wall (two one-hour walls, see exceptions below). The separation between units in a two-family dwelling can be provided by single one-hour fire-resistance-rated assembly that is horizontal or vertical. • Services – Since each townhouse unit is a separate building, each townhouse unit must be supplied with separate utilities. Units classified as townhouses must be supplied by separate electrical services.
    [Show full text]
  • Beautiful Georgian Terraced House in Barnsbury, Set Between Two of the Most Beautiful Squares in the Heart of Islington
    BEAUTIFUL GEORGIAN TERRACED HOUSE IN BARNSBURY, SET BETWEEN TWO OF THE MOST BEAUTIFUL SQUARES IN THE HEART OF ISLINGTON. MILNER PLACE BARNSBURY, ISLINGTON, N1 1TN Unfurnished, £1,600 pw (£6,933.33 pcm) + £285 inc VAT tenancy paperwork fee and other charges apply.* Available from 01/03/2019 BEAUTIFUL GEORGIAN TERRACED HOUSE IN BARNSBURY, SET BETWEEN TWO OF THE MOST BEAUTIFUL SQUARE S IN THE HEART OF ISLINGTON. MILNER P LACE, BARNSBURY, ISLINGTON, N1 1TN £1,600 pw (£6,933.33 pcm) Unfurnished • 4 Bedrooms • 4 Bathrooms • 3 Receptions • Elegant Georgian townhouse • Beautiful kitchen/sitting room • Double reception room • Office/study • Utility room • Private garden • Sought after location • Great storage • EPC Rating = D • Council Tax = G Situation Barnsbury is a residential suburb in the London Borough of Islington. Set between the regenerated Kings Cross quarter and Angel. Housing stock is a mixture of beautiful Georgian and Victorian townhouses, with some Edwardian stock and a scattering of new developments, including some of the most prestigious portered developments in North London. Barnsbury Wood, a small nature reserve, which can be accessed from Crescent Street, is home to a selection of sycamore, ash and elder trees which provide a home to a variety of wildlife, and there is a selection of open spaces and garden squares in the area, almost all of which are open to the public. Description Set on a lovely residential street between the beautiful Gibson Square and Milner Square in Barnsbury, this five storey mid-terrace Georgian town house boasting light and spacious rooms throughout. The house also retains many period features.
    [Show full text]
  • The Elliman Report: 2010-2019 Decade Manhattan Townhouse
    2010-2019 MANHATTAN TOWNHOUSE REPORT Decade Survey of Townhouse Sales Manhattan Townhouse Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 2010 Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales TOWNHOUSE Average Sales Price $6,457,819 -8.2% $7,035,815 18.0% $5,473,894 $2,000 350 Average Price Per Sq Ft $1,363 -7.1% $1,467 20.7% $1,129 $1,700 300 Median Sales Price $4,800,000 -7.8% $5,206,250 24.7% $3,850,000 DASHBOARD $1,400 250 year-over-year Number of Sales 196 -15.5% 232 -0.5% 197 $1,100 200 Days on Market (From Last List Date) 140 -8.5% 153 17.6% 119 $800 150 Listing Discount (From Last List Price) 10.7% 9.8% 8.3% PRICES $500 100 Median Sales Price 7.8% Listing Inventory10 11 12 13 14367 -1.9%15 16 37417 18-7.6% 19 397 Months of Supply 22.5 16.6% 19.3 -7.0% 24.2 Average Square Feet (Closed) 4,736 -2.6% 4,863 -2.3% 4,848 SALES Days on Market MANHATTAN TOWNHOUSE Listing Discount Closed Sales 15.5% 180 Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales 13% 160$2,000 11%350 INVENTORY 140$1,700 9%300 Total Inventory 1.9% 120$1,400 7%250 100$1,100 5%200 150 PACE 80$800 10 11 12 13 14 15 16 17 18 19 3% Months of Supply mos $500Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales 100 3.2 10 11 12 13 14 15 16 17 18 19 $2,000 350 $1,700Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 300 550 30 MARKETING TIME $1,400Days on Market MANHATTAN TOWNHOUSE Listing Discount 250 Days on Market 13 days 500 25 180$1,100 13%200 450 20 160$800 11%150 400 15 NEGOTIABILITY 140$500 100 10 11 12 13 14 15 16 17 18 19 9% Listing Discount 0.9% 350 10 120 7% 300 10 11 12 13 14 15 16 17 18 19 5 • The lowest number of sales in a 100 5% decade as the pace of the market 80 Days10 on Market11 12 MANHATT13 14AN TOWNHOUSE15 16 17 Listing18 Discount19 3% continued to slow 180 13% Avg Price Per Sq.
    [Show full text]
  • Townhouse Section
    Sec. 47-18.33 – Townhouse A. Definition. For the purposes of this section, a townhouse development shall be defined as three (3) or more attached single family dwelling units where each individual single family unit and land thereunder is owned in fee simple. B. Site design criteria. A townhouse development shall meet the following site design criteria: 1. Minimum lot size. The lot parcel upon which the group is located shall contain a minimum area of seven thousand five hundred (7,500) square feet and shall provide an average of two thousand (2,000) square feet per dwelling unit, including driveways and areas held in common ownership. 2. Density. Density shall be limited as provided for the zoning district where a townhouse development is proposed to be located The density is determined by the regulations governing the zoning district where the townhouse development is located. 3. Group limit. A townhouse group shall be limited to a maximum of eight (8) dwelling units. A minimum of twenty-five percent (25%) of the townhouse group's front façade shall be set back an additional five (5) from the rest of the front façade. Attached units may have a common wall or individual sidewalls separated by a distance of not more than one (1) inch or as determined reasonable by the building inspector. If individual walls are used, the buildings shall have adequate flashing at the roofline. 4. Access to townhouse developments shall meet the following requirements.: Each dwelling unit shall have vehicular access on a public street or paved driveway or parking area serving the group.
    [Show full text]
  • TOWNHOUSE REQUIREMENTS Please Note That Some of The
    TOWNHOUSE REQUIREMENTS Please Note That Some Of The Referenced Code Sections Are Amendments To The 2018 NC Residential Code And Can Be Found At: http://www.ncdoi.com/OSFM/Engineering_and_Codes/Default.aspx?field1=Codes_-_Current_and_Past&user=State_Building_Codes All Building Codes Can be Found At: https://codes.iccsafe.org/public/collections/NC This 2018 Guideline may be used in lieu of 2012 code until 12-31-2018 and is mandatory beginning 1-1-2019 • A site drawing will need to be submitted with plans providing lot line locations. • A surveyed plat will need to be provided reflecting approved plans by permitting. • TOWNHOUSE. A single-family dwelling unit constructed in a group of three or more attached units separated by property lines in which each unit extends from the foundation to roof and with a yard or public way on at least two sides. • R302.1 Exterior walls. Construction, projections, openings and penetrations of exterior walls of dwellings and accessory buildings shall comply with Table R302.1. Exceptions: 1. Walls, projections, openings or penetrations in walls perpendicular to the line used to determine the fire separation distance. Townhouse eave projections shall comply with Sections R302.2.5 and R302.2.6. 2. Walls of dwellings and accessory buildings located on the same lot. 3. Detached tool sheds and storage sheds, playhouses and similar structures exempted from permits are not required to provide wall protection based on location on the lot. Projections beyond the exterior wall shall not extend over the lot line. 4. Detached garages accessory to a dwelling located within 2 feet (610 mm) of a lot line are permitted to have roof eave projections not exceeding 4 inches (102 mm).
    [Show full text]
  • The Finnish Townhouse As a Home. Starting Points and Interpretations. the Finnish Townhouse As a Home
    The Finnish townhouse as a home. Starting points and interpretations. Habitat Components – Townhouse. Final report. The Finnish townhouse as a home. Starting points and interpretations. 1 The Finnish townhouse as a home. Starting points and interpretations. Habitat Components – Townhouse. Final report. Aalto University publication series CROSSOVER 8/2017 Publication Aalto University, School of Arts, Design and Architecture, Department of Architecture architecture.aalto.f ISBN 978-952-60-7123-7 (printed) ISBN 978-952-60-7122-0 (pdf) ISSN-L 1799-4977 ISSN 1799-4977 (printed) ISSN 1799-4985 (pdf) Research project director Hannu Huttunen Authors Hannu Huttunen, Emma Blomqvist, Emilia Ellilä, Eija Hasu, Elli Perämäki, Anne Tervo, Ira Verma, Tina Ullrich, Jaakko Utriainen Layout and graphic design Caroline Moinel © 2016 Researchers and Aalto University, School of Arts, Design and Architecture, Department of Architecture. All rights reserved. Printing house Picascript Printing place Helsinki Table of contents 1. Introduction 4 1.1 General 5 1.2 What townhouse? 7 1.3 Background of townhouse typology and its suitability in Finland 9 2. Townhouse: European history – Finnish future? 10 2.1 The Netherlands 11 2.2 Germany 16 2.3 Great-Britain 22 3. Housing expectations and preferences 28 3.1 Social sustainability as a starting point? 29 3.2 Housing images and research in Finland 32 3.3 Concepts create and mould views 33 3.4 Demographic trends and design challenges of urban livings 34 4. Finnish dream home and dream environment 38 4.1 Research materials and methods 39 4.2 Results 42 5. Townhouse concept 54 5.1 Finnish townhouse type models 55 5.2 Ingredients of a townhouse block 60 5.3 Usability and accessibility as part of the townhouse concept 70 5.4 Possibilities of the yard 71 5.5 Sense of community in townhouse living 72 5.6 Service environment 74 5.7 Conclusions 79 6.
    [Show full text]
  • Requirements for Covered Multifamily Dwellings Under the Fair Housing Act
    U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OFFICE OF FAIR HOUSING AND EQUAL OPPORTUNITY U.S. DEPARTMENT OF JUSTICE CIVIL RIGHTS DIVISION Washington, D.C. April 30, 2013 JOINT STATEMENT OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE DEPARTMENT OF JUSTICE ACCESSIBILITY (DESIGN AND CONSTRUCTION) REQUIREMENTS FOR COVERED MULTIFAMILY DWELLINGS UNDER THE FAIR HOUSING ACT Introduction The Department of Justice (“DOJ”) and the Department of Housing and Urban Development (“HUD”) are jointly responsible for enforcing the federal Fair Housing Act (the “Act”),1 which prohibits discrimination in housing on the basis of race, color, religion, sex, national origin, familial status, and disability.2 One of the types of disability discrimination prohibited by the Act is the failure to design and construct covered multifamily dwellings with certain features of accessible design. See 42 U.S.C. § 3604(f). This Joint Statement provides guidance regarding the persons, entities, and types of housing and related facilities that are subject to the accessible design and construction requirements of the Act (hereinafter, “design and construction requirements”). See 42 U.S.C. § 3604(f)(3). 1The Fair Housing Act is codified at 42 U.S.C. §§ 3601-3619. 2The Act uses the term “handicap” instead of “disability.” Both terms have the same legal meaning. See Bragdon v. Abbott, 524 U.S. 624, 631 (1998) (noting that definition of “disability” in the Americans with Disabilities Act is drawn almost verbatim “from the definition of ‘handicap’ contained in the Fair Housing Amendments Act of 1988”). This document uses the term “disability,” which is more generally accepted.
    [Show full text]
  • Manhattan Townhouse Report
    TOWNHOUSE 2016 Manhattan Townhouse Report Real estate agents affiliated with The Corcoran Group are independent contractors and are not employees of The Corcoran Group. The Corcoran Group is a licensed real estate broker located at 660 Madison Ave, NY, NY 10065. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal notice. – 1 – TOWNHOUSE 2016 Manhattan Townhouse Report Overview Manhattan townhouses felt the pressure of cooling market conditions in 2016 as sales fell by 26% borough-wide. Following last year’s record-high price figures, average price and price per square foot declined with sales at the top of market notably lower than in 2015. Multi-family sales and prices had a steeper decline than the single-family townhouse market. By area, Downtown was the highest priced market, but saw the largest decline in sales. Overall 2016 2015 Year/Year Closings 180 242 -26% Price per Square Foot $1,556 $1,730 -10% Average Price $6,534,448 $7,291,301 -10% Median Price $5,275,000 $5,275,000 0% Sales A softening townhouse market saw sales drop to their lowest level in several years. There were 180 townhouses that sold in 2016, which is a 26% drop versus 2015. Single-family sales decreased 18% year-over-year, a smaller decrease than the 33% drop in sales of multi-family homes. Single-family townhouse sales comprised over half of the market share for the first time since 2012.
    [Show full text]
  • Sl Handbook Townhouse Agree.Pdf
    Residential Guidelines 87 FAIRFIELD UNIVERSITY OFFICE OF RESIDENCE LIFE apaRTMENT AND towNHOUSE AGREEMENT 2012-13 ACADEMIC YEAR This document sets forth the terms and conditions upon which space in townhouses and apartments owned by Fairfield University (herein called UNIVERSITY) may be occupied by a person (herein called RESIDENT) . The UNIVERSITY agrees to provide to the RESIDENT space in a townhouse/apartment subject to the following terms and conditions . Failure of the RESIDENT to meet any of these conditions of residency may result in the cancellation of this Agreement by the UNIVERSITY . In addition, violations of the terms and conditions of this Agreement by the RESIDENT may also result in UNIVERSITY disciplinary action of the RESIDENT where applicable . The UNIVERSITY reserves the right to change any provision of this Agreement at any time . ELIGIBILITY: To be eligible for residency in an apartment or townhouse, a RESIDENT must meet the following criteria as determined by the UNIVERSITY REGISTRAR: a . The RESIDENT must be a full-time, matriculated student at the UNIVERSITY . b . The RESIDENT must have attained Junior Class status at the time of occupancy . c . In addition to the immunizations required of all students, Connecticut state law requires that any UNIVERSITY student living in University-owned housing be vaccinated against meningitis as a condition for living in the UNIVERSITY housing . All mandated health policies must be maintained in order to be eligible . Others may live in University-owned residences only after receiving the written permission from the Office of Residence Life or Office of the Dean of Students . LENGTH OF AGREEMENT: A RESIDENT agrees to reside in the assigned apartment or townhouse for the entire academic year, or the remaining portion of the academic year .
    [Show full text]
  • Townhouse and Low-Rise Apartment Guidelines
    TOWNHOUSE AND LOW-RISE APARTMENT GUIDELINES Draft Oct 2015 DRAFT TOWNHOUSE AND LOW-RISE APARTMENT GUIDELINES DRAFT URBAN DESIGN GUIDELINES 2015 TOWNHOUSE AND LOW-RISE APARTMENT GUIDELINES City of Toronto Townhouse and Low-rise Apartment Guidelines Core Team Harold Madi, Director of Urban Design Diana Birchall, Program Manager, Urban Design Leo DeSorcy Maaja Eichfus-Clarke Emilia Floro Victor Gottwald Anthony Hommik Jack Krubnik Mladen Kukic Peggy Lee Joseph luk DRAFT Deanne Mighton James Parakh Xue Pei Andrea Reaney Allison Reid Michael Sakalauskas Derrick Wong Townhouse and Low-rise Apartment Guidelines online: www.toronto.ca/lowriseguidelines Table of Contents Introduction Background – Evolution of the Townhouse in Toronto Definitions Zoning By-law 569-2013 Purpose of the Guidelines How and Where the Guidelines Apply Guilding Principles Quality of Life and Livability Design Excellence TOWNHOUSE AND LOW-RISE APARTMENT GUIDELINES Sustainable Design Heritage Conservation Organization of Guidelines 1.0 Site Context 1.1 Context Analysis and Planning for Larger Sites 1.2 Public Realm Framework 1.2.1 Street and Block Pattern 1.2.2 Public Parks and Open Spaces 1.3 Heritage 2.0 Site Organization 2.1 Streets, Mews and Walkways 2.2 Shared Outdoor Amenity Space 2.3 Building Placement 2.4 Building Address 2.5 Site Servicing, Access DRAFTand Parking 2.5.1 Site Servicing, Access and Parking for Smaller Street-Related Townhouse Sites 3.0 Building Design 3.1 Fit and Transition in Scale 3.2 Separation Distances, Stepbacks and Orientation 3.3 Building
    [Show full text]