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May 25, 2023

From Nantucket To The Hamptons, Beach Towns Take Rare Steps To Build Housing

Hear From MIT & BU On Their Long-Term Carbon Strategies At The Boston Sustainability Event June 13

Nantucket, known as a sleepy summer destination for East Coasters and the vacation spot for celebrities like the Kardashians, has four full-time firefighters who can’t afford to live on the island and must commute an hour each way by ferry for their shifts.

The island has a median house price of $3M and limited housing options for its critical service workers and public servants, like first responders, teachers, restaurant workers and hospital staff.

“The housing problem is universal,” said Bruce Percelay, a top Boston developer who owns three hotels on the island and is chairman of Nantucket Magazine. “Everyone goes through this annual problem when the summer starts about how they’re going to house their workers, and it ranges from the landscapers to restaurants to the museum and beyond.”

From Nantucket To The Hamptons, Beach Towns Take Rare New Steps To Build Housing

But the tide appears to be turning. Nantucket residents this week voted to put $6.5M in taxpayer funding toward affordable housing, and last year they passed a $40M plan that represented the largest housing initiative in the island’s history.And it isn’t alone, with at least two other popular East Coast beach…

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Beyond Design-Build: Bringing Architecture Back Into The Integrated Construction Model

PRESENTED BY:   Stack + Co
 
Beyond Design-Build: Bringing Architecture Back Into The Integrated Construction Model  

Stack + Co. principal Andrew Keating doesn’t like the term “design-build.”  The construction model — where design and construction services are handled by the same firm — is growing across the U.S. Research from FMI found that design-build is expected to account for as much…

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Writers Strike Silences Studios, Throwing Upstart Real Estate Asset Class Into Uncertainty

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The cameras have stopped rolling and the lights have gone dark on millions of square feet of film and television studio space in the U.S. as movie and television writers strike for better pay.

While a smattering of productions are still happening, studio owners interviewed by Bisnow say a protracted strike will not only take a bite out of their revenues, but will also have broader economic impacts, especially for the millions of workers involved in the production industry. The Writers Guild of America's strike, which was >

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