The Beach Co. Vice President of Development Dan Doyle presented four trends in multifamily development for the new year.
Doyle, long affiliated with the Charleston-based firm known for its landmark properties and communities, pointed out trends in multifamily developments that appeal to its resident base.
1) Developers should keep creative solutions in mind when designing units in the coming year.
2) Amenities are still selling points for a community, but can be lost amid competing properties. Unique amenities -- such as a refrigerated locker -- for modern, tech-savvy residents who do all their shopping online would be an attractive option for convenient home deliveries. Developers should look for innovative features that suit the needs, wants and lifestyles of the residents.
3) While Lyft and Uber use is growing, residents need parking for their own and visitors' vehicles. As transportation needs change, developers should keep a second use in mind. Converting parking garages to storage spaces or private garages is an option for use.
4) Suburbs are making a comeback. While many developers have focused on urban sites, the traditional downtown isn't a perfect fit for every buyer. Suburban development can incorporate the best of the urban lifestyle, with units ranging from studios to three-bedrooms within walking distance of dining, retail and transportation options.
Doyle also pointed out the need for outstanding customer service. Great companies provide a customer service experience that ensures long-term, satisfied residents.