WHO? WHERE? WHAT? - Builders' Show · San Antonio, TX San Diego, CA San Diego, CA On the Boards...

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Gen Yers and Boomers: The Future of the

Apartment IndustryMark Humphreys, CEO

Humphreys & Partners Architects, L.P.

February 8, 2012

WHO?WHERE?WHAT?

www.humphreys.com

HUMPHREYSText questions to 214-695-0548

WHO?Who is the renter?

• 70 % home ownership to 60% - 7.4 million more renters

• 2 years of not renting - 500,000 to 1 million pent-up

• 2 years of Echo Boomers - no job, 6 million kids, 3 mil more this year 9 mil

• 74 million Baby Boomers downsizing to? Some in apartments

• Mortgages are 15 to 20% down; kids don’t want to be stuck in a place

• Approximately 5 million apartments built in the late 60’s and early 70’s are now obsolete


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www.humphreys.comAPARTMENT OF THE FUTURE




WHERE?

www.humphreys.com


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HUMPHREYS

www.humphreys.com

Text questions to 214-695-0548

HUMPHREYS

www.humphreys.com


Privately Owned Housing Starts: 5-Unit Structures or More (HOUST5F) Vintages: 2010-07-20, 2010-08-17Source: U.S. Department of Commerce: Census Bureau

APARTMENT OF THE FUTURE www.humphreys.com


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HUMPHREYS

This represents 600,000 units per year for 8 years.



HUMPHREYS

www.humphreys.com

“You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.” –

Stephen Jobs


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WHAT?

www.humphreys.com


HOME-RISE® www.humphreys.com

• 250 units per acre

• No corridor design; up to 88% efficient

• Efficiency Bonus: 250 units at 850 average = 212,500 x 4% = 8500Save 4% of sq. ft. 8500 x $150 to 250 = $1.3mm to 2.12mmOperating cost efficiency is better;4% less hall=$

HOME-RISE®Text questions to 214-695-0548

HOME-RISE® www.humphreys.com

HOME-RISE®

• 5-17 story residential• 260 total units• 232.1 units per acre• 799 sq. ft. avg.

San Antonio, TX

On the Boards


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7-STORY WOOD(below high-rise code)

www.humphreys.com

MID-RISE

• 120 units per acre wrap; 1.7 parking

• 800-850 sq. ft. average – 70% one’s; 30% two’s

• $110/sq. ft.So. Cal., Union Market, DC – $127/sq. ft.Bay Area - $147/sq. ft.

• 120 units per acre wrap; 1.7 parking


• $120/sq. ft. concreteSo. Cal., Union Market, DC – $160/sq. ft.Bay Area - $200/sq. ft.

Dallas, TX

Houston, TX


5-STORY WOOD OVER RETAIL(below high-rise code)

www.humphreys.com

MID-RISE

• 120 units per acre podium; 1.7 parking


• $120/sq. ft.; ½ parking existingSo. Cal., Union Market, DC – $138/sq. ft.Bay Area - $148/sq. ft.

Minneapolis, MN

Dallas, TX

St. Petersburg, FL


4 & 5-STORY WRAP www.humphreys.com

MID-RISE

Fairfax, VA(under construction)

Orange County, CA

• 80-90 units per acre wrap; 1.7 parking


• $95/sq. ft.; ½ parking existingSo. Cal., Union Market, DC –

$110-115/sq. ft.Bay Area - $130/sq. ft.


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e-URBAN® SURFACE www.humphreys.com

e-URBAN®

• 40 units per acre, surface parked

• No hallways; 87% efficient

• Lower operating costs

• Efficiency Bonus: 250 units at 850 average = 212,500 x 22% = 46,750Save 22% of square feet 46,750 x $70 = $3,272,500

• Operating cost efficiency is better - 46,750 less hall = $No concrete garage from $3mmEasily $6mm savings

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St. Petersburg, FL


www.humphreys.com

e-URBAN®

1/2 the common areae-URBAN® SURFACE


www.humphreys.com

Townhome - 29 Beds Per Acre

Townhome Over Flat - 36 Beds Per Acre

Cottages - 35 Beds Per Acre

High Rise – 280 Beds Per Acre

High Density - 162 Beds Per Acre

Townhome Over Flat - 44 Beds Per Acre

Breezeway - 39 Beds Per Acre

E-Urban - 80 Beds Per Acre

HUMPHREYS & PARTNERS STUDENT HOUSING SIGNATURE CONCEPTS

STUDENT HOUSINGText questions to 214-695-0548

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www.humphreys.com

STUDENT HOUSING

• 93 beds per acre; surface parking

• 1300 sq. ft. average

• $ 82 /sq. ft.So. Cal., Union Market, DC – $ 98 /sq. ft.Bay Area - $ 125 /sq. ft.

e-URBAN® STUDENT HOUSING


www.humphreys.com

“BIG HOUSE”®

• 16 to 20 units per acre; attached parking

• 1000 to 1200 sq. ft. average – 40% one’s; 60% two’s

• $ 70 to 74 /sq. ft.So. Cal., Union Market, DC – $ 98 /sq. ft.($98 is project shown Cresta Bella)Bay Area - $ 125 to 130 /sq. ft.

“BIG HOUSE”®San Antonio, TX

San Diego, CAOn the Boards (Northeast)San Diego, CA


SMALL UNIT TRENDS www.humphreys.com

• Problem with smaller units• Fixed cost of $2000 appliances• Fixed cost $2000 of cabinets and counters• Fixed cost of $1800 ac system

• 900 average = $4.44 per foot

• 750 average = 7.73 per foot• 0r $3.29 more per foot x 750 square feet =

$2,467 more per unit SMALL UNITS

558 sq. ft.

340 sq. ft.

555 sq. ft.

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SMALL UNITS www.humphreys.com

• Problem with smaller units

• Fixed cost of $2000 appliances• Fixed cost $2000 of cabinets and counters• Fixed cost of $1800 ac system

• 900 average = $4.44 per foot

• 750 average = 7.73 per foot• 0r $3.29 more per foot x 750 square feet = $2,467 more per unit

e-URBAN®Text questions to 214-695-0548

Whirlpool


www.humphreys.comFUSION 1560St. Petersburg, FL

MID-RISEText questions to 214-695-0548

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222 HENNEPINMinneapolis, Minnesota

www.humphreys.com

MID-RISE

e-URBAN® SURFACE 3-STORY(sample small unit plans)

www.humphreys.com

e-URBAN®Text questions to 214-695-0548

e-MAX®

www.humphreys.comHEBRON 121Lewisville, Texas

• 7 phase master plan – 1751 total units• Adjacent to DCTA transit stop• Phase I – 3-story breezeway w/tuck under parking• 234 units• 30 unit per acre product• 1 & 2 bedroom units• 586 – 1,276 sq. ft. units• Future phases include breezeway & e-Urban®

product in 3 & 4-story buildings

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www.humphreys.com

PV PANELS

NOI IN THE GREEN www.humphreys.com

100% of the common area power and 30% of the residential power needs are provided through the use of roof mounted Photovoltaics.

San Diego, CA


www.humphreys.com

ELECTRIC CHARGING STATION

NOI IN THE GREEN www.humphreys.com

San Antonio, TX


Jessica Humphreys , Washington , D.C. – 25 yrs. Cassandra Humphreys , Lubbock, TX - 22 yrs. Stephanie Humphreys ,Savannah , GA - 19 yrs.

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www.humphreys.comwww.humphreys.comAPARTMENT OF THE FUTURE





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• e-Max®; 5-story, podium; 162/UA• Wrap; 4-story; 80 U/A• Wrap; 5-story; 95 U/A• Wrap; 7-story; 125 U/A• Podium; 4-story; 100-140 U/A• Podium; 5-story; 120-170 U/A• Podium; 7-story; 140-210 U/A• HR/”Home-Rise”®; 20-story wrap; 125-150 U/A• HR/”Home-Rise”®; 40-story wrap; 250-310 U/A• Student e-Urban®; 3-story; 80 Beds/Acre• Student e-Urban®; 4-story; 90 Beds/Acre• Student e-Urban®; 5-story; 100 Beds/Acre• Student wrap; 130-150 Beds/Acre• Student podium; 220-270 Beds/Acre

www.humphreys.com

• Townhome; 2-3 story; 15-18 U/A• Breezeway; 3-story; 24 U/A• “Big House”®; 2-story; 16-18 U/A• e-Urban®; 3-story surface parked; 30 U/A• e-Urban®; 4-story surface parked; 40 U/A• e-Urban®; 5-story surface parked; 50 U/A• e-Urban®; 4-5 story wrap; 60-80 U/A• e-Urban®; podium; 140 U/A• e-Max®; 4-story surface parked; 52 U/A• e-Max®; 5-story surface parked; 62 U/A• e-Max®; 4-story surface parked, tuck under garage;

60/UA• e-Max®; 5-story, surface parked, tuck under garage;

70/UA

PROJECT TYPES*

HUMPHREYS

www.humphreys.com

* Varies by project. No warranty expressed or implied.Copyrighted designs: © Humphreys & Partners Architects, L.P.

(pdf available upon request)



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Humphreys & Partners Architects, L.P.

972-701-9636

[email protected] www.humphreys.com

WHO? WHERE? WHAT? - Builders' Show · San Antonio, TX San Diego, CA San Diego, CA On the Boards...

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Transcript of WHO? WHERE? WHAT? - Builders' Show · San Antonio, TX San Diego, CA San Diego, CA On the Boards...