This morning I toured a site/project that is using a balcony glazing system from a company called Lumon. The product looks like this from the outside:
Like this from the inside (from on the balcony):
And it retracts/opens up like this (the glass panels stack neatly to one side when you want to create a traditional balcony and guard condition):
Obviously the idea here is to create outdoor spaces that can be enjoyed for more months of the year. In the summer it opens up so you get a typical balcony condition. And then in the cooler months or on a windy or rainy day, you get a solarium. Maybe it even works in the winter with the right sun exposure.
But obviously there is a cost to adding something like this to new projects. So my development question to all of you today is: Would you be willing to pay a premium for a balcony glazing system like the one shown here? And if so, how important would you rank a feature like this for multifamily buildings?
If you have a few minutes, please let me know in the comment section below.