This Philadelphia Inquirer article is behind a paywall, but I can tell you that it speaks to the city's increasing use of modular construction for infill apartment buildings:
Building modularly can save 20% on total construction costs, he said. Projects can be constructed in half the time, and rental revenue comes in sooner. Workers build apartments in pieces in a factory as others lay the foundation. Factory work doesn’t have to pause for inclement weather.
Alterra Property Group has found that modular construction is cost- and time-effective when it builds between 100 and 500 units and between four and six stories. Under that, building on-site is more efficient, Addimando said. Above that, builders can run up against building code restrictions.
Consider this recently completed project, called LVL North:
1.5 acre site
Site acquired in February 2020
Construction commenced in June 2020 (was it already entitled?)
Over 500,000 square feet
7 storeys
410 market-rate apartments
Two levels of commercial spaces
Over 300 parking spaces in a two-level below-grade parking structure
Construction completed in 24 months (it's currently being leased up)
I am impressed by how quickly this was erected. Here in Toronto, it would likely take more than 24 months just to get through the rezoning process. Granted, a site this big in a central location next to transit would also likely beget multiple tall buildings.
But this form and scale of housing seems to be working for Philly. It is allowing the city to both build quickly and to experiment with emerging construction methods.
https://twitter.com/donnelly_b/status/1399368976229097473?s=20
I came across the above floor plan over the weekend. I reshared it on Twitter and there was then a pretty good discussion about what people like and don't like. I mean, who doesn't like looking at floor plans?
The suite is 790 square feet with 2 bedrooms and 1 bathroom. It rents, at least according to Bobby's original tweet, at $2,600 per month. That's $3.29 per square foot. I'm guessing that the apartment is in Philadelphia solely based on Bobby's location.
The divisive thing in this floor plan is the two inset bedrooms. Some people don't like these. But designing a good floor plan is like working through a puzzle. You have all these constraints (some of which are just personal preference) and you have to find ways to work around them.
When you're working with a deep urban floor plate, you pretty much have no choice but to design floor plans with inset bedrooms. Otherwise, the suites get too big and they stop making economic sense. I have talked about this a few times before on the blog.
So what you do is "bury" the bedroom(s) and keep the main living space as open as possible. In this case, the living/dining dimensions are about 17' wide x 10' deep. So a pretty good size, and certainly a very good width.
I just finished reading about an apartment building in Los Angeles that is currently retrofitting its amenity spaces to include, among other things, an appropriately spread out co-working space, two podcast rooms, and a TikTok studio. This latter amenity will be a roughly 100 square foot room with camera-ready lighting, tripods, and mirrors. It was described in the article as the perfect place for one or two people to create things and entertain themselves.
The gist of the article is that home offices are the new must-have amenity and that developers have started to rethink apartment amenities in light of this. But I also take this to be a sign of the times. We are living in a world of content creation. Whether you're a so-called influencer or not, TikTok has, for a lot of young people, replaced many other forms of entertainment and everybody, at this point, probably needs their own podcast.
It is also true that there's an "amenities arm race" going on within the apartment sector. This is nothing new and doesn't have much, if anything, to do with this pandemic. Amenities have been how you differentiate your offering. And when you're constantly selling (i.e. leasing all the time), they do become important. So here's to podcast rooms and TikTok studios. If you had your pick, what kind of amenities would you like to see in your building?