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Hays Area Planning Commission to Vote on Hess Second Addition Plat

Hays Area Planning Commission to Vote on Hess Second Addition Plat

The Hays Area Planning Commission is scheduled to vote on the final plat of Hess Second Addition on Monday. This development involves a replat of a portion of the Hess First Addition, located at the northwest corner of the Exit 157 Interstate 70 interchange. The property is currently owned by Hess Land LLC and has been annexed and rezoned to general commercial. The replat will combine several lots and vacate a street right-of-way, with city water and sewer already installed. A public hearing will also be held to update the Unified Development Code, addressing clerical errors and clarifying irrigation standards across zoning districts.
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Columbus Leads U.S. Cities in Apartment Construction, Potentially Easing Rent Burdens

Columbus Leads U.S. Cities in Apartment Construction, Potentially Easing Rent Burdens

Columbus, Ohio, is experiencing a significant increase in multifamily housing permits, marking the highest rate since 2019. This surge is attributed to density-friendly zoning reforms, which are expected to add thousands of new homes, potentially making the rental market more affordable. Other cities like Las Vegas, Oklahoma City, and Birmingham, Alabama, are also seeing similar trends, according to a July Realtor.com Renter Report. Despite a national trend of slow construction and high costs, these cities are bucking the trend, with overall U.S. multifamily approvals still 13.1% lower than five years ago. The increase in housing supply is seen as a way to meet demand and drive down costs for renters, although it is not a complete solution to the affordability crisis.
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Reston Development Transforms Former Fannie Mae Site into Luxury Housing

Reston Development Transforms Former Fannie Mae Site into Luxury Housing

The former office campus of Fannie Mae in Reston, Virginia, is being transformed into a residential community known as Sunset Station. The development, led by Wheelock Communities, includes luxury townhomes priced over $1 million. The first phase of construction has been completed, with residents moving into the initial townhouses and a community playground now open. The project, approved by the Fairfax County Board of Supervisors in 2022, faced some controversy due to concerns about public access. Future phases will replace the former office building with additional residential units, with construction expected to continue through 2028.
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Diverging Rental Markets: Cities with Falling and Rising Rent Prices

Diverging Rental Markets: Cities with Falling and Rising Rent Prices

The U.S. rental market is experiencing contrasting trends, with some cities seeing a decline in rent prices while others face increases. Cities like Denver and Austin have witnessed rent reductions due to new construction and cooling demand, providing relief to tenants. Conversely, cities such as San Francisco and Chicago are experiencing rising rents, driven by renewed demand and limited housing supply. This divergence highlights the varying impacts of supply and demand dynamics across different regions.
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Rapper 50 Cent's Instagram Post Sparks Concerns Over Shreveport Projects

Rapper 50 Cent's Instagram Post Sparks Concerns Over Shreveport Projects

Rapper 50 Cent has raised questions about his future projects in Shreveport, Louisiana, following a cryptic Instagram post. The post suggested dissatisfaction with local developments, despite previous commitments to significant projects in the area. In June, 50 Cent participated in a groundbreaking ceremony for the G-Dome in downtown Shreveport, a project expected to bring substantial economic benefits. The rapper's ventures in Shreveport, supported by state funding, are projected to generate $18.8 billion in economic impact and create thousands of jobs over the next two decades. However, recent comments have led to uncertainty about his continued involvement. Shreveport Mayor Tom Arceneaux reassured residents that 50 Cent is unlikely to abandon his projects, given the substantial investments and state funding involved.
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Judge to Consider Sale of Hawthorne Race Course Amid Bankruptcy Proceedings

Judge to Consider Sale of Hawthorne Race Course Amid Bankruptcy Proceedings

Judge to Consider Sale of Hawthorne Race Course Amid Bankruptcy Proceedings
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Columbus and Other Midsize Cities Lead in Apartment Construction Amid National Decline

Columbus and Other Midsize Cities Lead in Apartment Construction Amid National Decline

Columbus, Ohio, along with cities like Cleveland, Las Vegas, Oklahoma City, and Birmingham, Alabama, is experiencing a significant increase in multifamily housing permits, according to a July Realtor.com Renter Report. This trend contrasts with a national decline in multifamily approvals, which are 13.1% lower than five years ago. The increase in these cities is attributed to density-friendly zoning reforms and construction initiatives, such as Columbus's 'Zone In' plan, which aims to add up to 88,000 new homes over the next decade. This surge in construction is expected to provide more housing options and potentially make the rental market more affordable over time.
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Mundelein's Motion to Dismiss School Impact-Fee Lawsuit Denied, Raising Concerns Over Educational Funding

Mundelein's Motion to Dismiss School Impact-Fee Lawsuit Denied, Raising Concerns Over Educational Funding

A legal dispute between the village of Mundelein and its school districts, Fremont School District 79 and Mundelein High School District 120, is set to proceed after a motion to dismiss the case was denied. The lawsuit, filed in February, challenges a new ordinance that the districts claim significantly reduces developer impact fees, potentially leading to a $2 million shortfall for the schools. The districts argue that the ordinance, which affects two new residential developments, undermines their ability to maintain educational quality amid community growth. Mundelein Mayor Robin Meier emphasized that the denial was procedural and expressed confidence in the village's legal standing. The village contends that the districts' demands for additional fees are unreasonable and would increase housing costs. The lawsuit highlights ongoing tensions over the financial responsibilities of developers in supporting local school infrastructure.
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Analysis Reveals Best U.S. Cities for Buying vs. Renting Homes

Analysis Reveals Best U.S. Cities for Buying vs. Renting Homes

Analysis Reveals Best U.S. Cities for Buying vs. Renting Homes
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Middle Housing Partners Expands Focus on Missing Middle Housing to Address California's Housing Shortage

Middle Housing Partners Expands Focus on Missing Middle Housing to Address California's Housing Shortage

Middle Housing Partners Expands Focus on Missing Middle Housing to Address California's Housing Shortage
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East Passyunk Businesses Thrive Despite World Cup Permit Challenges

East Passyunk Businesses Thrive Despite World Cup Permit Challenges

In Philadelphia, the East Passyunk Business Improvement District (EPABID) is capitalizing on the World Cup to boost local businesses. Despite facing challenges with city permits for street closures, the district has organized block parties and other events to attract soccer fans. The area, known for its diverse array of small businesses, is leveraging its proximity to the stadium to draw in tourists. Business owners have taken a self-reliant approach, using creative methods to manage increased foot traffic and maintain operations. The community's efforts have resulted in a steady flow of visitors, even during a typically slow summer period.
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West Valley Transforms into Thriving Entertainment Hub

West Valley Transforms into Thriving Entertainment Hub

West Valley Transforms into Thriving Entertainment Hub