Project Stories
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Assembling & Expanding Historic Property into 14 Units
NewCity guided two 100-year-old landmarks through site assembly, Historic Review Board approval, a couple of Zoning Board special exceptions, and additions up, down, and back, to create 14 unique luxury condos.
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Changing Underachieving Retail into 10 Luxury Condos
A family office could not devise a viable condo conversion model for an old retail building. NewCity helped the client realize new value by changing the use, increasing unit density, and more than doubling the space.
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Sourcing an Equity Partner to Make a Condo Deal Happen
An owner-occupier with favorably-zoned property lacked the strategy and finances to develop it. So, NewCity supplied the Project Vision and secured a partner, bringing the 8-unit condo building to life.
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Managing Tenant Logistics to Turn Over 24 Units
A regional housing authority needed to update an affordable community but feared disrupting tenants. NewCity provided strategy, logistics, communications, and construction management to finish the project in 115 days.
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Reimagining an Urban Condo to Create Financial Viability
A private investor found himself underwater on a condo development certain to lose money. NewCity developed a new Project Vision that reduced the square footage and defined a project with much better prospects.
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Making a Cost-Prohibitive Net Zero Project Pencil Out
An investor bought a single-family rowhome to turn into energy-efficient condos but couldn't make the numbers work. NewCity brought together the investor, a new partner, and value engineering to achieve a profitable outcome.
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Expanding Occupied Commercial into Mixed-Use
A commercial property owner wanted to increase the income opportunity from a two-story building. NewCity provided the start-to-finish services to expand up and out while retaining the first-floor retail occupant.
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Guiding New Investors Through Their First Project
A group of siblings wanted to develop a family property into apartments but lacked expertise. NewCity worked with them to develop the Project Vision, secure a zoning exception, and navigate through design and permitting.
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Designing Project Value in from the Start
An experienced portfolio landlord wanted to explore an unfamiliar build-and-hold strategy for an upcoming rental. NewCity was engaged to provide subject matter expertise and create project value through design and permitting.
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Outsmarting the Zoning to Increase Salable Square Feet
An irregularly-shaped lot and nonsensical zoning standards made getting this project to financial viability challenging. NewCity dug into the problem and discovered a creative workaround to add 50% more salable space.
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Converting Outdated Office to Luxury Rental Space
After the pandemic, the demand for this walk-up class-C office suite plummeted, despite its incredible location. NewCity worked with the owner and realtor to plan and execute a conversion into luxury residential space.
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Exploring Feasibility for Historic Office to Residential
A family office was exploring purchasing a mixed-use building to convert office space into hospitality or residential use. NewCity worked with the clients on schematic design, financial due diligence, and technical feasibility.