Let's talk!

grantchester leonard leaving

  • click to rate

    The problem is that most property owners and real estate agents are not yet aware of the change that occurred in December or simply do not understand the implications that it carries. Unfortunately, it is going to take some time for this knowledge to sink in and our goal is that this article aids in that education process. Many property owners and real estate agents who do not intimately know the zoning code, are still going to be under the impression that property values are worth what they were in 2013, before the ruling. That is not the case, however, as one can see from the example given above. Residual land values could have dropped by 33% and in some cases even more, from the sole result of this ruling. There is a direct correlation between the grantchester leonard leaving comparable rents and allowable density (number of units) versus what developers can realistically pay for land. If a broker gets a new listing in Hollywood where there is an opportunistic play, it would be prudent for them to engage a knowledgeable Architect or consultant that clearly understands the new zoning in Hollywood to perform a density/feasibility study. If not, do not be shocked when offers come in much lower than listing and keep in mind that, for the most part, these are not lowball offers - they are the right offers. My only wish is that property owners and brokers eventually become educated on these changes so that development (even at the lower density) can continue in Hollywood so that the community can take a step forward rather than two steps back.