College - Author 1
College of Architecture and Environmental Design
Department - Author 1
Construction Management Department
Degree Name - Author 1
BS in Construction Management
Date
6-2021
Primary Advisor/Subject Matter Expert (SME)
Eric Brinkman, College of Architecture and Environmental Design, Construction Management Department
Abstract/Summary
Real estate development is often regarded as a daunting effort that requires a large sum of time and money. However, a greater supply of multi-family housing will protect cities from this homelessness, lack of availability to education, along with poor mental and physical health conditions. This paper addresses methods in which any new developer can efficiently approach developing small-scale, multi-family housing in San Luis Obispo and see overall profitability. The initial research set forth provides interested parties with a generalized basis of the analysis of value, design considerations, and methods of savings involved in development. The research is then directly applied to a currently vacant, city-owned piece of land in San Luis Obispo which lays out each of the necessary components of development such as the feasibility study, creating a conceptual design for the structure, acquiring necessary approvals and permits, as well as the cost and profit analysis. The case study application identifies the best practices in multi-family development so that the developer can methodically approach their cooperation with the city in supplying affordable housing, while still seeing great return on their investment.
URL: https://digitalcommons.calpoly.edu/cmsp/454
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