Micro-units on the rise throughout the nation

Houston development to be the largest, small-unit project in the nation
  • Micro-unit projects are being proposed in Phoenix, San Jose and Minneapolis.
  • Ivy Lofts is to be the largest micro-unit community in the country.
  • Micro-units are attracting individuals who are more concerned about lifestyle and less about space and personal items.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Nationally, for-sale and rental micro units are primarily only available in San Francisco, New York City and most recently Washington, D.C.; however, projects featuring sub 500-square-foot dwellings are now being proposed in primary markets. Standing 24 stories and featuring 550 for-sale units, one proposed development in east downtown Houston (EaDo) intends to be the largest micro-unit project in the nation. New York City-based Novel Creative Development is slated to break ground on the Ivy Lofts project this summer, with delivery expected by the end of 2018. The developer will donate a maximum of $55,000 in sales proceeds to Texas Children's Hospital. The market for micro-units is spreading Outside of Houston, micro-unit rental projects are being proposed in major markets throughout the U.S., including San Jose, Phoenix, Minneapolis and possibly Atlanta. Within San Jose’s West San Carlos corridor Shad Design has plans to construct an 81-unit project that will featur...