Home Builder Developer - Interior Renovation and Design

The JaredCoffinHouse, a former whaling shipowners home turned hotel located in the heart of Nantucket, expanded late this summer with the opening of five new accommodations.

Additionally, the Tap Room, a fixture in the downtown dining scene for more than four decades, re-opened earlier this season after a 14-year hiatus. Celebrating 175 years, the three-story brick mansion offers a total immersion into Nantuckets whaling history.

Nantucket local and interior designer Audrey Sterk was selected to ensure careful preservation of the pre-civil war landmark while incorporating the islands nautical feel into the design. While the propertys footprint remained the same to retain the historic architecture of the 19th century building, portions of the ground floor have been transformed from a former restaurant space into the new accommodations.

Inspired by the colors of the sea and sand, the interiors feature a color palette of foggy greys, robin egg blues, and soft neutrals. In the individually designed rooms, custom furniture including four-poster King Beds, tulip-style coffee tables and walnut brown desks with lacquered inlay are paired with original refurbished wood floors from the 1840s.

For those looking for extra privacy, one suite features a private entrance that can be connected with the guest room to create a two-bedroom option. To complement views of Nantuckets historic streetscape, an extensive collection of original oil paintings is also on displayeach piece hand-selected by the hotels owners to highlight Nantuckets whaling days.

TheJaredCoffinHouse is steps away from what was historically called Petticoat Row. Men of the whaling heydey were out to sea for years at a time, spurring the ladies to become entrepreneurs that operated in the area close to the hotel. As a nod to the islands history making women, each of the four new suites is named after influential women.

The rooms pay homage to Anna Gardner, who was instrumental in calling an anti-slavery meeting in 1841 in which Frederick Douglass gave his first speech as an abolitionist speaker, as well as LucretiaCoffinMott, who participated in the countrys first meeting about womens rights in 1848. Guests can opt for the Maria Mitchell suite, honoring the first professional female astronomer who opened her own school in 1835 that was desegregated, a controversial move at the time. Lastly, the MaryCoffinStarbuck suite celebrates the woman who brought Quakerism to Nantucket in the early 1700s. She ran the familys trading post that served as the islands commercial center.

The 2020 season also brought changes in dining at the hotel. The Tap Room, located on the lower level of the hotel beneath the lobby, has been resurrected. A popular gathering spot for locals and visitors alike for more than 40 years, the restaurant shuttered in the early 2000s.

Boston-based Carroll Design Studio was brought on to re-imagine and re-design the pub-style outpost, which now offers indoor and outdoor dining. The two-toned interiors embody the essence of modern dining. An exposed brick wall is paired with ocean blue and cream shiplap that provides the backdrop for hanging bare bulbs and original dark wood ceiling beams. The semi-circle bar is at the heart of the space, while camel tan colored dining booths line the perimeter.

The menu offers a modern interpretation of celebrated Tap Room staples including traditional New England clam chowder, French dip sandwiches, grilled local swordfish and Welsh Rarebit consisting of melted cheese poured over slices of toasted bread. A full-service bar with beers from local Cisco Brewery and craft cocktails like Nantucket Red Margaritas are also offered.

TheJaredCoffinHouse has been a beloved Nantucket getaway for years and were excited to unveil our refreshed look and new restaurant, says Jason Curtis, general manager ofthe JaredCoffinHouse.Preservation was at the heart of the project, ensuring the historical feel remained, while updating with modern touches.

Originally constructed in 1845, theJaredCoffinHouse was the first mansion built on Nantucket. In its almost 200-year history, many distinguished guests have passed through the doors, includingMoby Dickauthor Herman Melville and President Ulysses S. Grant. TheJaredCoffinHouse as we know it today officially arrived on the scene in 2004 when it became part of White Elephant Resorts. Today its one of the most cherished properties on the island and serves as a centerpiece of the Nantucket Historic District. Guests enjoy access to a complimentary BMW courtesy car and use of Priority Bicycles.

The starting rate for a guest room is $195 per night and the starting rate for a new suite is $395 per night. TheJared CoffinHouses main building closes for the season on December 7, while the next door Daniel Webster building, with thirteen rooms, is open year-round.

For more information, please visitjaredcoffinhouse.com.

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Nantucket's Jared Coffin House Opens New Suites and the Tap Room - nshoremag.com

Because the algorithm isnt always right.

Recently, a new phase in housebound hobbies has appeared on the periphery or our doorsteps. Careful preparations of two or three hour-long recipes have, on a collective level, faded, and were once again moving to the peppier beat of gleeful consumerism.

A few months into lockdown our source of stimulus isnt in baking sourdough and twisting finicky shapes out of home-made pasta on kitchen benches, but in adding things to cart increasingly, new pieces for our interiors. Waves of packages from lockdowns triumphant purveyor Instagram are dropped off and ushered inside.

The cooking-model of the first wave was a time-consuming nod to slow living. Making the most of our time at home by learning the value of more involved tasks made us house proud, and amateur cooks dotingly captured their dishes via Ottolenghi, Laila Gohar, Alison Roman regaling one another with stories of that nights dinner: parsley-specked gnocchi, whole fish flushed-pink and dotted with lemons translucent flesh, and big pots of water bobbing with chicken and halved onions.

Its interesting to see how quickly Instagram and its algorithms can drive communal interest, an interest that is now firmly focused around indoors style. Recently opened parcels reveal green shimmers of Iittala glass or the soft plush of high thread count Bed Threads sheets.

A big delivery the other day presented orange and white checks that rose into an Occasional Pieces plinth for putting things on. The deeper into lockdown we go, the twistier the Lex Pott candles that arrive on our doorstep are.

This turn towards our spaces has permanent potential. Buying beautiful objects brings an opportunity to add detail, comfort, or to let our space tell a story of who we are. With this in mind, I spoke to Natalia Held, a Melbourne-based freelance interior designer, on breaking through inspiring Instagram feeds to create a space that authentically reflects your style.

Weve spoken before about designing space, in particular bedrooms, and youve talked about the entrance to your room as being a first important step in how to think about your layout.

The view from your doorway is something to take into consideration. When you enter a room the first object should be something youre proud to have be immediately visible or to showcase when your door is open. Whether that be something with sentimental value it could be a restored piece of furniture or pre-loved vessel or something that you searched far and wide for, or it may even be a special piece that demanded a lot of your paychecks. In terms of what kind of furniture that might be for some, a simple shelf or console that acts as a platform to showcase your taste in design is quite a good opening piece.

Some people dont like being seen sitting on their beds as they feel its quite an intimate moment, so removing your bed from the line of sight of the doorway then might be important to you. But in the same vein, your bed might be the piece you want to showcase. A lot of people portray their personality through their bed linen, and presenting softness through linen and pillows helps bring out the feel they want.

What furniture do you consider essential for personal spaces?

A big one is your own reflection. I think its so important to be able to see yourself using your space. Its a good way to perform self-practice, whether its attending to your skincare routine before you go to bed, getting dressed for work or taking photos of yourself. It provides ownership over your space, because you see how you operate in that room.

Another essential is mood lighting. Typically, I dont ever use the main light in my bedroom because I find that the light isnt tailored to the way I want to use the space, nor is it a colour I want to see my things or myself in. Mood lighting can be found in floor lamps, table lamps, or humidifiers anything that emits a softer glow can generate a specific mood, and whether that comes from warmer or cooler lighting is completely up to the individual.

Being housebound, Instagram is the most accessible channel through which were now finding design and a recurring theme of objects and layouts has been encouraged through the platforms algorithm. Is there a danger in being exposed to a repetitive feed of design?

To some degree, I have an issue with Instagram in terms of design, because promoted products and layouts encourage repetition. What part of that room that youve just seen on your feed relates to you? Pre-Instagram you would go to a store, or find a seller on Gumtree and come across a specific piece that meant something to you it was about the pride you felt because you found it, not something that was pushed up your feed because of an algorithm. I feel that your room is best when its curated by things from your own journey.

However, Instagram does make interesting design really accessible. The design intent is there, its just important that items sourced through Instagram still have design-integrity. A piece being either locally-sourced and designed, sustainable, and unique not a replica makes it worthy in my eyes. When you find such pieces, apply them to your space in a way which works specifically for your function.

Where else could you look to for organic inspiration?

Books and magazines like Frame and Wallpaper Mag are so important for curating style. Its possible that youve landed on that page and others have chosen to flick past it. Theres something quite special and emotional about connecting to design through books as it becomes a part of your personal experience.Designers I follow focus on small details. Its those small things commissioned artworks or light fixtures that you dont necessarily think of but are such a delight to cast your eyes over in the moment, and visually impact a space so much.

Some of those designers include Pierre Yovanovitch, Ilse Crawford, Axel Vervoordt and Halleroed. Pierre, for example, designs a lot of his pieces specifically to suit the layout of a room every part of the interior is completely tailored to the space. What I like about that is that hes laid out pieces according to the circulation of the room, depending on how you function in a space. Perhaps this notion is something to consider when we lay out our pieces in our homes.

Originally posted here:
I asked an interior designer how to look beyond Instagram inspiration when styling your space - Fashion Journal

As we leave behind the hotter-than-hot summer days and begin to feel the ever-so-subtle cooling breezes, many of us are left with the desire to mark the change of seasons (even where there are none). Homeowners can mark the passage of time by giving their home a facelift.

Precluding a home renovation, there are many things you can do to your home. Here are a few designer tips to help your home fall into its best version.

Pick one room, such as a powder room or entry hall, and wallpaper the walls with a bold, stop-you-in-your-tracks paper. This will help create an impactful first impression and fool every visitor into thinking you have done an entire renovation. Let them think what they will.

Never underestimate the power of color. The look and mood of a space can dramatically change when you alter the colors. For example, ivory and yellow are psychological substitutes for a room that may lack natural light, so they are great choices for creating an uplifting and bright room. A darker color such as black, brown or red creates a mysterious and warmer mood, and pink and green are purported to have a calming effect. Study your room, and determine your desired effect and then paint away.

Move your furniture around to create inviting and intimate conversation areas. Any space can become more intimate when you pull seating a little tighter. If your room allows it, create more than one arrangement within the room. Don't be shy to mix and match any combination of sofas, love seats and chairs. Refrain from lining the room with chairs; it will look like an arrangement for a group-therapy session. Conversational groupings should be interrupted by small tables to place drinks, books and magazines, as well as ottomans or hassocks to prop up your feet.

Do not be afraid to improve store-bought furniture. Say you picked up a pair of end tables at your local store; you can give it a custom edge or feature. Place a beautiful handkerchief, a remnant of a favorite wallpaper or a collection of antique prints on the surface, and top it with a piece of glass. Voila! You now have something quite unique.

Daring enough to try drafting or freehand drawing? Paint an unexpected surface such as the ceiling or floor. Try making a plaid pattern on the ceiling. This will entail some accurate measurements, tape and several layers of paint. If that sounds too restrictive, try a freehand detail on a wall or swirls of a roller on a floor. One layer after another, your bold floor pattern will come to life. The point is to have fun and give the room that "why didn't I think of that?" feeling to your visitors.

Finally, an easy makeover for any room that also improves the quality of the air and makes the room feel serene is the addition of plants and flowers. They will not only embellish the room but also make you feel so good!

Joseph Pubillones is the owner of Joseph Pubillones Interiors, an award-winning interior design firm based in Palm Beach, Florida.

2020, Creators Syndicate

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Give your home a facelift this fall - Chicago Daily Herald

Londons urban wellness hotel, Inhabit on Southwick Street, has announced it will reopen on 1st October 2020, offering a truly restorative experience for those travelling to the city.

Set across six Georgian townhouses in Paddington, Inhabit launched in 2019 to provide travellers with a more conscious place to stay all single-use plastic is banned, anti-pollution air filtration systems have been installed and meditation booths, infrared saunas and nature walks comes as standard.

The reopening comes at a poignant time, following the hotels recent admission to Design Hotels, an exclusive and handpicked global portfolio of over 300 privately owned and operated hotels which share an aligned vision and passion for culturally rooted hospitality and cutting-edge design and architecture. The Scandinavian-inspired design matched with traditional British heritage and Eastern flair found at Inhabit encourages a peace of mind and is the creation of architects Holland Harvey and interior designer Caitlin Henderson Design. Across the world, Design Hotels member properties anchor a community of travellers united in the pursuit of inspired environment, genuine local culture, and transformative, boundary-pushing adventures.

Additionally, the hotel has cemented its commitment to sustainable business practices having achieve Green Key certification. The award is a leading standard for excellence in the field of environmental responsibility and sustainable operation within the tourism industry. The prestigious eco-label represents the commitment of Inhabit to promise to adhere to the strict criteria set by the Foundation of Environmental Education and guests opting to stay at Inhabit can now be rest assured that they are helping to make a difference on an environmental level.

Inhabit also plans to unveil a digital version of their landmark wellness programme in time for the reopening, including Yeotown food and nutrition classes and recipe videos, a mindfulness podcast series, and online yoga classes, allowing for guests to continue to emerge feeling nourished, rested and inspired.

With its soothing spirit, Scandi-toned aesthetic and health-enhancing manifesto, Inhabit is ideal for busy solo business travellers as well as long-haul urban adventures after comfort and calm. With 88 fresh and uplifting guests rooms, Yeotown an inviting light-flood caf serving highest quality fair trade coffee, cold-pressed organic juices and a healthy, plant-loving menu, a digital programme of mindfulness activities, and the bounties of London on its doorstep, including nearby Hyde Park, Inhabit sets out to have a positive impact those who stay and the wider environment.

Average room rates: 150 +VAT for a double room.

Inhabit Hotel, 2527 Southwick Street, Paddington, London W2 1JQinhabithotels.com; +44 (0)20 7723 7723

Go here to read the rest:
Inhabit Hotel joins Design Hotels and is awarded Green Key Certification ahead of October 2020 reopening - Premier Construction Magazine

It's a membership-based cigar lounge that also is open to the public. It's open daily, and members have their own key fob for 24-hour access. "It has the feeling of a very upscale, cozy, inviting place to spend time," Stopulos said.

"There's just a lot going on," he said, summing up projects in the works in downtown Davenport.

And because several of these projects are geared toward experiences rather than shopping, "it's going to be a totally different retail experience," he said.

"It really is making East Second Street a destination experience."

Because all of the projects are scheduled for 2021 openings, Stopulos expects they will tap into a lot of pent-up demand for something to do after months of COVID-19 restrictions.

As Carter said: "A year from now, downtown Davenport is going to look a lot different."

If you like craft beer and haven't been to Geneseo, Illinois, since the Lionstone brewery closed, you owe it to yourself to go for a drive.

New owner Richard Schwab has changed the business so much you'll hardly recognize it, beginning with the name, which is Great Revivalist Brew Lab.

The "lab" refers to its specialization in micro brews currently 24 on tap and that it offers the public the opportunity to use its equipment to make their own beer which Great Revivalist will put in a keg or in cans.

Schwab sees this as a great opportunity for people to make their own beer for special occasions such as weddings or 21st birthdays or, really, anytime.

As for its own micro brews, it emphasizes "crazy, different, off-the-wall" beers, Schwab said. Last week he was working on one that incorporates toasted bread. For those with more conventional tastes, he sells Pabst Blue Ribbon and Hamm's.

The brew lab also offers what he describes as an "upscale but affordable, family-friendly" food menu, with such offerings as woodfire pizza and smoked brisket.

In addition to beer, Schwab has added homemade sodas, such as grape, orange, cream and ginger beer all of which taste great over ice cream, he points out.

The decor is all different, too, beginning with the planting of hops a key ingredient in beer all around the outside of the building to create an out-in-the-country feel.

In redecorating, he used wood salvaged from a barn in West Branch, Iowa, and there is a gazebo made from an actual grain bin that overlooks Geneseo Creek.

Because of restrictions surrounding COVID-19 that may be around for awhile, he has built a 25x65-foot patio in back for outdoor dining. He also is installing greenhouse like structures around tables with a fire pit so that they can be used even when weather turns cold.

There also are igloos.

And because the dining is outside, it's also dog-friendly.

Another touch was the hiring of a local artist to create a mural in the back.

Even more than a brewery or restaurant, Schwab wants to make his business "a destination location for Geneseo."

"We're very proud of what we're doing."

Schwab is a former telephone and cable company executive from Seattle who decided about two years ago to leave the corporate world to start his own business.

The brew lab is located off Interstate 80 at 122 S. Oakwood Ave. The phone number is 309-944-5466.

In addition, Schwab is buying the Great River Brewery in Davenport and hopes to re-open it it's been closed since the 2019 Mississippi River flood in early 2021 as the Great Revivalist Brewery.

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Davenport revitalization: 'East 2nd Street is going to look completely different' - Muscatine Journal

Argyle Gardens provides 72 units of affordable housing for formerly homeless individuals and low-income residents of Portland, Ore. The modular construction offers a co-housing approach and small unit sizes to achieve development costs 31% below typical affordable housing projects. The project consists of four buildings oriented around a central outdoor space. The largest building encapsulates 36 studio apartment units, plus a large community space with laundry facilities and support service offices. The three co-housing buildings use the single room occupancy model and feature two six-bedroom pods, each of which has two shared bathrooms and a kitchen. The project team: Transition Projects (sponsor); Housing Development Center (development consultant); Holst Architecture (architect); All Structure (SE); KPFF (CE); MFIA (mechanical engineer); Sarnata (electrical engineer); Acoustic Design Studio (acoustics); Earth Advantage (sustainability consultant); 2.ink (landscape architect); MODS PDX (modular design and construction); and Walsh Construction Co. (GC).

Lead architect SCB (Solomon Cordwell Buenz) assigned San Franciscobased Surfacedesign to conceive the landscape features for Anaha, a 40-story condominium tower in Honolulu for The Howard Hughes Corporation. The 317-unit residential structure has a cantilevered glass-bottom pool sticking out at the 7th floor deck and a lobby with the largest living wall in Hawaii, 15 feet high by 80 feet wide, composed of more than 8,000 native plants. Other team members: Benjamin Woo Architects (AOR), Brownlie & Lee (landscape architectural assistance), Takano Nakamura Landscaping (landscape contractor), Green Living Technologies (green wall), Pacific Aquascapes (swimming pool contractor), and Albert C. Kobayashi, Inc. (GC).

McShane Construction Company completed 1100 Apex, recycling an abandoned 15-story office building into 134 apartment and townhome residences in downtown Clearwater, Fla., for GSP Development. McShane used its design-build MEP/FP approach to save $2.6 million in construction materials costs. The complex has a clubhouse, fitness center, putting green, pool, outdoor lounge area with grills, a fire pit, private cabanas, a 202-space parking deck, and 4,300 sf of retail space. Kimmich Smith Architecture was the designer.

Cuningham Group (architecture, concept design, interior design) and Mortenson Development delivered Rafter, a 283-unit luxury apartment community in Northeast Minneapolis, a neighborhood marked by historic buildings, a hip art scene, and yes, rafters of wild turkeys. The 26-story, 407,530-sf, pet-friendly enterprise has studio, one-, two-, and three-bedroom floor plans, including penthouse options, plus a dog wash station and a seven-story, 279-space attached parking structure.

The Residences of Crystal Lake, a 63,000-sf affordable independent senior living facility in Crystal Lake, Ill., 50 miles northwest of Chicago. Its 48 one-bedroom and 12 two-bedroom units include six ADA-accessible units, 12 adaptable units, and two sensory units (https://bit.ly/3jpHi1S). The project team for developers DKI and TH Associates: UrbanWorks (architect), Groundwork (CE), and Skender (GC).

At five stories, 17 West, designed by Stantec (AOR/interior designer for common areas) and Touzet Studio, has 23 apartments (one to three bedrooms), a pooltop deck, 193 parking spaces, and the first Trader Joes grocery in Miami Beach, Fla. The developers: Turnberry Associates, Elion Partners, and the Sredni family. Grycon was the GC.

Meta Housing Corporation and Studio One Eleven have adapted a 1965 office building into 100% affordable studios and one-, two-, and three-bedroom live-work lofts, plus 10 new two- and three-bedroom townhomes near the Santa Ana, Calif., arts district. The $15 million, 58-unit Santa Ana Arts Collective offers art, dance, and music studios and an art gallery. Units range from 512 to 1,300 sf. Ten apartments have rents ranging from $448 to $666/month; the rest are priced from $1,345 to $1,998/month. Westport Construction was the GC.

KWA Construction (GC) and Studio A Architecture (architect) completed The Village at Rayzor Ranch, a 300-unit luxury apartment community at Rayzor Ranch Town Center, a walkable 400-acre planned development in Denton, Texas. Developer EPC Real Estate Group offers tenants complimentary concierge services, a resort-style pool, bocce courts, cornhole boards, a massage/sauna spa, a fitness/yoga studio, coworking studios, a dog park/grooming station, and, most notably, pickleball courts.

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8 (more) noteworthy multifamily projects to debut in 2020 - Building Design + Construction

Earlier this week, the New York Botanical Gardens and Douglaston Development announced a collaboration to complete two new affordable housing projects in The Bronxs Bedford Park. The buildings will take shape near the northwest corner of the New York Botanical Gardens at 2856 Webster Avenue and 410 Bedford Park Boulevard.

Designed by Stephen B. Jacobs Group, both properties will debut as 100-percent affordable housing properties. Together, the projects will introduce 450 units reserved for low-income seniors and low- to moderate-income households in Bronx Community District 7. The district includes the Bedford Park, Fordham, Kingsbridge Heights, Norwood, and University Heights neighborhoods.

With a 40-year development track record in the New York City area and beyond, weve seen the critical need for more affordable housing options in our city, especially for our senior population, said Jeffrey Levine, chairman of Douglaston Development. Were thrilled to be joining forces and visions with The New York Botanical Garden on this project, an institution with roots in The Bronx community dating back 129 years to provide this vital housing resource to the community.

Phase one of the collaborative development will break ground at 2856 Webster Avenue. Components will include 188 units of affordable housing for seniors earning up to 50 percent of the area median income (AMI), with an additional 12,000 square feet of ground-floor area for a grocery store.

The first phase is expected to wrap construction by 2022.

The second phase at 410 Bedford Park Boulevard will include up to 260 affordable rental units for individuals and families earning between 30 and 100 percent of AMI. Up to 8,000 square feet of the lower level will support community retail space.

The rendering illustrates an orthodox massing and design with a mix of light and dark gray curtain wall and an irregular grid of windows. The ground level features a floor-to-ceiling glass faade.

At this time, the project team has not revealed when phase two is expected to open.

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Affordable Housing Project Announced for 2856 Webster Avenue and 410 Bedford Park Boulevard in The Bronx - New York YIMBY

The controversial Tarry Lighthouse project proposed for downtown Port Chester, N.Y., would be highly compatible with the district, the attorney for the developers said.

But Byram resident Al Shehadi disagreed, saying, The scale and bulk of this building is completely incongruent with the rest of downtown.

Ultimately, the Port Chester Zoning Board of Appeals shut down the project, voting 3-2 on Thursday night to turn down a request for six variances for the plan.

The plan had called for construction of a seven-story building with 242 apartment units and retail space on North Main Street, just blocks from the Greenwich border. It would have been built at the site of the now-closed Tarry Lodge, a once-popular restaurant, near the Mill Street bridge into the Greenwich neighborhood of Byram.

I feel the variances are substantial and will change the character of the neighborhood, said Evelyn Petrone, the ZBA chairwoman.

The development team was seeking six variances from the villages zoning code in the latest version of its plan. The project had been heavily criticized by Port Chester village residents as well as residents of the Byram section of Greenwich, who were concerned about additional traffic the project could draw as well as a change of community character.

Art D'Estrada, another ZBA member, said he believed the project would have been a detriment to nearby properties. The streets around the site are already choked with traffic, DEstrada said.

Greenwich residents and public officials had criticized the application by developer David Mann, saying traffic conditions would worsen along the Mill Street corridor in the Byram neighborhood.

The application had been under review for over a year-and-a-half. The planned construction, which would have called for tearing down a row of older buildings on North Main Street as well as the former Tarry Lodge, was first proposed in February 2019 as a nine-story project.

The latest version of the project had called for a variance to construct the seven-story building in an area that allows buildings of only up to six stories tall. Variances were also needed for a number of facade and design features that did not meet the village zoning code.

The attorney representing the developers, Tony Gioffre, said the project was highly compatible with the Port Chester downtown district and would add vitality to the community.

Shehadi, the Byram resident, said the building was too tall for the surrounding area, which are largely one or two-stories in height.

Adding traffic at one of the worst choke points in the village is going to add a detriment to all residents, Shehadi said, adding that would set a bad precedent for future development.

Connecticut State Rep. Stephen Meskers, who represents the Byram area, said that approval of the project would have created a more urban environment for the village. I dont know if White Plains is the model you want, but its your call for the character of downtown Port Chester, he said.

Traffic was also a major concern for nearby Greenwich residents, which also raised a safety issue, Meskers said.

Carol McMillan, a representative from an advocacy group called Sustainable Port Chester Alliance, said the project contributes virtually nothing to our community. She characterized the proposed building as excessively tall.

rmarchant@greenwichtime.com

Read more:
Port Chester project called a 'detriment to nearby properties' is rejected - CT Insider

Kanye West isnt exactly a trusted source of financial advice, but he has done very well for himself and is a very effective communicator. He recently tweeted this:

Mr. West brings up an interesting point. Like almost every other asset class, real estate investments have been hit hard by the COVID-19 pandemic. In fact, in a June survey of more than 340 real estate investors conducted by MyHouseDeals, more than 40% had a negative outlook on the market in the next year.

But as legendary value investor John Templeton once said, The time of maximum pessimism is the best time to buy. The aforementioned rapper might be onto something in recommending real estate investments during such a dark period for the industry.

Where can real estate investors find value during a strange time like this? Lets take a look at some real estate investment trusts (REITs) that could actually benefit from the current situation...

The self-storage industry had been on a tear before the COVID-19 pandemic; construction spending in the sector increased by more than 500% in the last five years according to the U.S. Census Bureau.

Plus, the industry appears to be shrugging off the virus perhaps even profiting from it. Self-storage has been classified as an essential business by even the most strictly quarantined jurisdictions, and theres lots of demand for it.

According to a recent survey of 2,000 young adults by TD Ameritrade, a whopping 39% of adults aged 24 to 29 are either already living with their parents because of COVID-19 or plan to move back home because of it, and all of their stuff has to go somewhere.

These factors explain why storage rents have actually increased in select markets like Pittsburgh, Charleston, and Columbus over the summer months, while most kinds of rents are in freefall.

Storage REITs like Public Storage (NYSE: PSA) and Extra Space Storage (NYSE: EXR) provide exposure to this red-hot industry.

As we all know, one consequence of COVID-19 is that work has moved online for many people. I, for example, am writing this article from my apartment and not from Angel Publishings offices.

Thats bad news for the office segment of the real estate sector but good news for the data center segment. After all, the huge surge in remote work has led to a significant strain on the servers that host popular websites and web services.

According to network intelligence firm ThousandEyes, the weekly number of network outages around the world broke records in February and March a sign that many sites and services are reaching their physical capacity and will need to buy or build more server space to keep up with demand.

Fortunately, theres a special kind of REIT that invests specifically in server warehouses. Digital Realty Trust (NYSE: DLR) and CyrusOne (NYSE: CONE) both give investors exposure to the extremely in-demand properties that house the equipment powering the burgeoning work-from-home internet.

E-commerce is another major winner of the economic disruption caused by COVID-19. According to e-commerce services firm Signifyd, online sales surged by 40% in the last five days of May when compared to the last five days of February.

And in its most recent quarter, Amazons revenue surged 40% year over year the strongest quarter of revenue growth since 2018. Some analysts think it could hit $100 billion in sales next quarter.

Once again, this is bad news for certain parts of the real estate market like retail space but good news for others, like warehouse space.

Luckily, you can buy REITs that specifically invest in the warehouses used for e-commerce fulfillment. Stag Industrial (NYSE: STAG) and Prologis (NYSE: PLD) both count Amazon among their largest tenants.

As you can see, theres still value to be had in real estate investments during these strange times if you know where to look.

All of the REITs weve profiled here are up by significant margins this year, and as weve discussed, they show no signs of slowing down anytime soon.

But theres no denying that the COVID-19 pandemic has been rough on investors who depend on capital preservation investments that generate steady income.

Finding value in real estate is one way to deal with the difficulties of income investing today but subscribing toReal Income Trader is easier.

Editors Jason Williams and Briton Ryle currently sport an average gain of more than 100% per trade because they focus on reliable dividend stocks, nine of which have paid out in the last month. Click here to learn more.

Until next time,

Samuel Taube

Samuel Taube brings years of experience researching ETFs, cryptocurrencies, muni bonds, value stocks, and more to Wealth Daily. He has been writing for investment newsletters since 2013 and has penned articles accurately predicting financial market reactions to Brexit, the election of Donald Trump, and more. Samuel holds a degree in economics from the University of Maryland, and his investment approach focuses on finding undervalued assets at every point in the business cycle and then reaping big returns when they recover. To learn more about Samuel, click here.

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Real Estate Investments in the Time of COVID-19 - Wealth Daily

Yorktown Town Supervisor Matt Slater talks about pursuing the creation of zoning overlay districts in the town Sept. 16, 2020. Rockland/Westchester Journal News

YORKTOWN Interest in bringingnew development here has come alive, the town supervisorsaid, now that Yorktownis consideringa tool that's become atrend to revitalization in northern Westchester County.

Generally known asan overlay district, it provides flexibility fromsome zoning rules and processes, butin a targeted locationwithin, say, a downtown business area.

The former automotive repair building in the Shrub Oak section of Yorktown Sept. 16, 2020. Yorktown officials are pursuing the creation zoning overlay districts.(Photo: Frank Becerra Jr./The Journal News)

Were getting some real, real interest in it I met today with two different groups who are looking to invest in (the) town, and they point right to the development districts," Town Supervisor Matt Slater said recently. In general, he added, in meetinginterested parties "we've had conversations from mixed-use to commercial, to recreational. So it really is running the gamut."

Town officials would not divulge who they're talking to, but Slater said the interestincludes the Lake Osceola area ofthe Jefferson Valley hamlet.

Were very excited about that, he said.

Town Board member Alice Roker said at a recent board meeting she knows ofsomeonewho has expressed interestin the Bear Mountain Triangle, an area bordered by Crompond Road, the Bear Mountain Parkway Extension and Taconic State Parkway.

He wants to get us to move this along so he can come and present something, she said.

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The town's proposed overlay district legislation is under review and will eventually go to a public hearing.

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Town officials announced the potential foroverlays in the business districts of various hamlets, such as Yorktown Heights, Jefferson Valley, Crompond, Mohegan Lake, and Shrub Oak.Coupled with a new Destination Y branding campaign Yorktown: Up where you belong! is the slogan the marketing effort seeks investment, from small businesses to mixed-use development. Potential goals include:

Around the region, others are looking to overlay districts.

In Mount Kisco, a longtime shopping and restaurant hub, village officials approved an overlay district forvillage-owned land that includes portions of parkingareas nearthe downtown train station. Theyve been exploring something sizable for the site, havinglined up developers Gotham Organization and Charter Realty Developmentas well as the architectural firm Beyer Blinder Bellewith conceptual renderings of what would be called Kirby Commons. It calls for:

A conceptual rendering of mixed-use, transit-oriented development that Mount Kisco is exploring(Photo: Thompson and Bender)

"We continue to move forward with the Kirby Commons project," said Mount Kisco Mayor Gina Picinich. "We are working on the contract."

At the recent village trustees meeting, a business owner said officials should consider how muchconstruction of the development, if it moves forward, would affect existing businesses and people coming to them,and she urged holding forums to give more information and hear comments.

A public hearing on the zoningproposal is set for Oct. 5.

In Ossining, village officials are working with a consultant on Ossining Tomorrow, which could include establishing overlay zonesdowntown and in the Croton Avenue corridor. Mayor Victoria Gearity said in her recent email message to residents the potential approach could create "a more walkable and inviting business district."

Yorktown Town Supervisor Matt Slater standing in front of the former K-Mart store in the Yorktown Green Shopping Center Sept. 16, 2020. Yorktown officials are pursuing the creation zoning overlay districts(Photo: Frank Becerra Jr./The Journal News)

The reasons underlying northern Westchester'soverlay district trend:

The former Kmart in Yorktown Green Shopping Center in Yorktown Heights Dec. 18, 2019.(Photo: Tania Savayan/The Journal News)

The YorktownGreen Shopping Center is onesymbol of the change in fortunes: The plaza's former Food Emporium has sat dormant for more than a decade and the Kmart recently exited.

Meanwhile, amid COVID-19, there are reports that many people and perhaps corporationsare exiting New York Cityfor social distancing in the suburbs, bringing potential to Yorktown.

The Journal News/lohud contacted severaldevelopers who do northern Westchester projects to see if they'reamong those expressing interest in Yorktown. Two of them, Ginsburg Development Companies which has builtapartments and restaurants in rivertowns such as Ossining and Peekskill and New Jersey-based Ridgewood Real Estate Partners, which has a development proposalin Briarcliff Manor, said they have nothing in the works in Yorktown. Others didnt respond toJournal News/lohud inquiries.

Slater said he and John Tegeder, the town planning director, have beenfielding calls for potential projects.

And its clear that the overlay zones are very enticing, Slater said. We want to continue to move the conversation forward.

Michael McKinney covers northern Westchester.Follow him on Twitter@mikemckwrite.Visitoffers.lohud.comto sign up for a subscription.

Read or Share this story: https://www.lohud.com/story/news/local/westchester/yorktown/2020/09/17/yorktown-new-development-retail-residential/5808157002/

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Yorktown reports wave of new interest in development. Find out why - The Journal News