Archive for March, 2016

Emotional Service Animal Toolkit

Right now the PTAA office is getting more questions about emotional service animals than any other operational topic, and it seems that’s a national trend. The National Apartment Association has put together an Emotional Service Animal Toolkit to help address those questions and you can find a link to it and related info at their website.

It’s a great resource for all apartment industry professionals.

Here’s the link to a PDF version of the toolkit itself: http://www.naahq.org/sites/default/files/naa-documents/government-affairs/NAA-ESA-Toolkit-FINAL.pdf

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March 31, 2016 at 4:48 pm 1 comment

PTAA Members to Celebrate National Apartment Housing Day at Diamond Awards

On April 5, 2016 the Piedmont Triad Apartment Association (PTAA) will hold its annual Diamond Awards banquet to celebrate and acknowledge the “best of the best” in the Triad’s multi-family housing industry. These awards acknowledge the exemplary contributions in 2015 of companies and individuals who work in an industry that serves over a third of the people who live in the Piedmont Triad.

The date for this year’s Diamond Awards coincides with National Apartment Housing Day – #aptday – a program organized by the National Apartment Association to recognize the vital role the apartment industry plays in supplying quality housing throughout the country and the tremendous impact the industry has on the economy.

“With one-third of Americans now renting their homes, there has never been a more exciting time to be a part of the apartment housing industry,” said Doug Culkin, CAE, President & CEO of the National Apartment Association. “It’s time to celebrate the new American Dream.”

With an expected attendance of 475 people, PTAA’s Diamond Awards is the largest event of the year for the local apartment industry.

Industry Facts

The American Dream is changing; more than one-third of Americans rent their homes. Of them, 42 percent—or 37 million people—lease apartments.

Members of the Piedmont Triad Apartment Association own/manage over 58,000 housing units throughout the region.

Apartments and their residents contribute $1.3 trillion to the national economy each year. That’s 12.3 million jobs in construction, operations, leasing, management and skilled trades along with all the local businesses supported by apartments and their residents.

#aptday

March 31, 2016 at 2:16 pm 1 comment

Developer Eyeing NW Guilford County for Mixed Residential Development

The Triad Business Journal is reporting that Greensboro-based developer Brad Deaton is working on a mixed-residential development in NW Guilford County, and although it’s early in the process there is already some push-back from neighbors. From the story:

Trinterra LLC, managed by real estate developer Brad Deaton, is seeking to rezone a 27-acre tract in the 3600 block of Lewiston Road from low density residential and mixed-use corporate park to moderate residential, according to city records. Greensboro’s Zoning Commission had been scheduled to review a report on the tract at its March 21 meeting, but that review was postponed pending a traffic study…

In an email, Deaton said a meeting with neighborhood residents took place last week and that he was “making some changes and adjustments to our plans as a result of the meeting.”…

…residents of the nearby Cardinal neighborhood, many of whom are opposed to the project, have been circulating a schematic and saying the developer is planning 26 single-family homes, 64 townhomes and an apartment complex with 300 units.

March 17, 2016 at 2:56 pm 1 comment

66-Unit Community Proposed in Southern Forsyth County

The City-County Planning Board in Forsyth County has indicated it supports a proposed 66-unit apartment community off of Peters Creek Parkway near the Davidson County line. From an article in the Winston-Salem Journal:

Image from Winston-Salem Journal

Gardner Capital Development wants to build The Reserve at Hickory Commons on 5.36 acres at 1295 Hartman Plaza Drive. The property is currently zoned for highway business-special use and has been commercially zoned since 1986. It is near A Child’s World Learning Center.

The project’s site plan shows four-, two- and three-story apartment buildings, along with a one-story clubhouse…

The planning staff has recommended approval of the project.

“It’s within the Oliver’s Crossing Activity Center and it is located along the Peters Creek Parkway Growth Corridor,” said Gary Roberts, a project planner for city-county planning and development services. “Legacy (2030 Comprehensive Plan for Winston-Salem and Forsyth County) calls for higher density residential along growth corridors and in activity centers.”

March 17, 2016 at 2:46 pm 1 comment

New Student Property Proposed Near Wake Forest

An Ohio-based developer is proposing an 82-unit student housing development near Wake Forest University:

Signet Enterprises this month completed its $1.9 million purchase of 11 acres at University Parkway and Long Road in Winston-Salem, and will break ground on the 12-building, 82-unit Deacon Place complex in May…

The community will be made up of 11 residential buildings and a clubhouse, which will feature a fitness center and common areas. The campus will include a pool and ample green space, Perry said.

Each unit will include four bedrooms and four bathrooms, with a mix of townhouse and flat layouts.

 

March 11, 2016 at 2:53 pm 1 comment

PTAA Goes to Washington

PTAA had several members travel to Washington on March 8-9 to participate in the National Apartment Association’s Capitol Conference. Since the House was not in session they met with the legislative staffs of Rep. Walker, Rep. Foxx, Rep. Adams and Rep. Meadows. In addition they were able to meet briefly with Senators Burr and Tillis, and then provide an in-depth briefing to their staffs on three issues of particular importance to the apartment industry:

Below are some pictures from PTAA’s day on Capitol Hill.

TillisWithNCDelegation_JonsPhone2 SenBurrTillis_NCDelegation_MaryGwynsCamera PTAAReps_WalkingThroughHouseTunnel PTAAReps_CyrusArtz_FoxxLA NCReps_BurrStaffMeeting BurrTillis_NCdelegation BurrTillis_Closeup AANCDelegation_BurrStaff

March 10, 2016 at 6:08 pm 1 comment

Support for the $2 Billion Connect NC Bond Referendum

The Piedmont Triad Apartment Association (PTAA) is supporting the Connect NC bond referendum that will appear on the March 15 ballot, and the reasons why were very well articulated by the Triad Real Estate and Business Industry Coalition (TREBIC) of which PTAA is a member:

The ($2 billion) bond is focused on the strength of our economic future: infrastructure, economic growth, and public education in the state of North Carolina.  These well-vetted projects are critical to economic development, and therefore the health of our industry as well.  There will be no tax increase due to NC’s financial strength and favorable interest rates and timing.

Relevant facts:

The Basics and Background

–     $2B Statewide Infrastructure Bond

–     Referendum March 15th

–     First statewide bond since 2000

–     Proactive investments in economic development/future jobs and emergency readiness

–     Impacts 73 counties directly, all 100 indirectly

–     No tax increase based on

  • NC’s strong financial position, low debt
  • Historically low interest rates
  • Lots of bonding capacity available, even after passage

–     Since last bond, NC has added 2 million people, so our needs are growing

–     Started at $6B from Governor

–     Lots of vetting to get to final project list

–     Ultimately won broad support from House, Senate, Democrats and Republicans

–     It won’t meet all needs, BUT there is no current debate on future or serial bond issues

What’s In The $2B Bond?

–     All projects are needs that can’t be met by annual operating budgets

–     New construction and renovation, but also deferred maintenance

  • $980M for Universities

–     Focus on Science, Technology, Engineering, and Math (STEM) buildings

–     New construction, renovation and repairs

  • $350M at 58 Community Colleges for new construction/repairs/renovations

–     40% of NC workers have attended a community college in the past 10 years!

  • $100M for Parks, including $25M for Zoo, with a focus on attracting visitors/economic impact
  • $3M for Disabled Children & Veterans parks infrastructure
  • $309.5M for Water & Sewer Competitive Grants and Loans

–     Utilities will have to apply to DENR

–     Expected focus is repairs and improvements to mostly rural, existing systems

  • $78.5M for 3 National Guard  & Pub Safety Centers, including 1 in High Point
  • $179M for Agriculture – largest single state investment ever in farms and agriculture

–     mostly at NCSU

  • new Plant Sciences Research Complex
  • Agriculture and Consumer Sciences Lab for veterinary, food, drug, and motor fuel testing
  • $349M (21%) In The Triad (plus possible Water & Sewer grants/loans)

–     $230M in Guilford County

  • NCA&T: $90M Engineering Building
  • UNCG: $105M Nursing School
  • GTCC: $9.5M for Medlin Admin Building Modernization
  • $23.3M High Point National Guard
  • $1.5M Haw River State Park

–     $119M in other 11 Counties

  • WSSU, Alamance CC, Davidson CC, Forsyth Tech CC, Randolph CC, Rockingham CC, Surry CC
  • State Parks: Hanging Rock, Mayo River, Pilot Mountain, NC Zoo

March 3, 2016 at 10:22 pm Leave a comment

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