All Forum Posts by: Shital Thakkar

Hi @Ramtin Roghani, Lite Industrial is in heavy demand and great investment considering lower construction cost. As @Paul Moore mentioned Lite industrial / flex building is great investment. we are building one in DFW metro and it is quick process to build too.

Hi @Charlie Morales, Arlington is great place, accessibilities to both Dallas & Fort Worth. As @Jerry Tello said entertainment hub of DFW metroplex. Surrounding by nice suburbs of Mansfield, Grand Prairie etc

Pros

less maintenance expense

More desirable

in build profit margin

Cons

Take time to get permit and construct

Capital intensive as no quick return

Market risk associated with time

You can make decision based on supply demand of the city.

Hi,

I got land under contract and exploring development of small business park with Lite Industrial. Like to have input of experienced investors in Lite industrial development.

• Land Size: 2 Acres
• Zoning: ETJ
• Development Plan: 4 building – 6,000 SF each.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Mixed Use Construction Project

@Colin Ushkowitz Thank you very much.

I see your profile and you are investor in Dallas. What kind of investment you are involved with?

Lets catch up sometime...

I will update here as project progress... 

Groundbreaking - 03/05/2022

There is obviously population growth but what is the reason of this significant lead in multifamily construction volume in Dallas..!!

Industrial is even in higher demand...!!

No end in sight...

@Mike Smith

Here are answers and explanation of your questions...

1. How many units per acre are you getting? What is the total unit count for the project? What is your percentage of studio/1Bed/2Bed/3Bed?

I am building 47 units in half acre. Building first floor podium parking as land is expensive in downtown. Majority of units are 1BR, 10% of 2BR and studios. Based on demography of downtown, majority demand is 1BR.

2. What amenities are you building into the common areas? What research led you to include those amenities?

Rooftop patio, gym and activity centers are main amenities. Comparative analysis help us decide those amenities.

3. Are you going to self manage or pay a property manager once the project is built? If self managing, do you have an approximate percentage it will cost you for all the salaries, etc?

Goal is to stabilize the property and sell. Will use property manager during stabilization period. Management companies charge around 6%

@Obed Calixte

Development is challenging but have a great fulfillment, like making a dream to reality.

Key to construction is building team. It is biggest challenge for first few projects and once you have a team of Architect, Civil, Developer etc... you can focus on acquiring more land and working with City for permits, zoning etc...

City permit is most challenging process and varies from town to town.