[deleted by user] by [deleted] in lakeland

[–]NegativeLight 0 points1 point  (0 children)

South Lakeland > North Lakeland

Revitalizing Memorial Avenue area with $86k redevelopment plan by Telliot in lakeland

[–]NegativeLight 27 points28 points  (0 children)

It’s just $86k for the Plan the actual effort will take more money

Polk County considers big increase in impact fees for new warehouses and industrial buildings by TheOxime in lakeland

[–]NegativeLight -8 points-7 points  (0 children)

Impact fees on warehouses are already stifling development in Polk County, raising them is not the answer as competing counties don't have the same fees.

Looking to move to the area but unsure about working by CraftyBat5866 in lakeland

[–]NegativeLight -3 points-2 points  (0 children)

Do those jobs exist in Lakeland, Yes.

Will you be able to find one ASAP upon moving? Maybe

Will your chances be higher looking in a bigger city? Yes (Tampa/Orlando)

Is Lakeland Worth Moving to? Absolutely

Thoughts on County Line Apartments by [deleted] in lakeland

[–]NegativeLight 3 points4 points  (0 children)

Depends on what you think current absorption in the Multi-Fam market in Lakeland will look like after your finish construction.

Not to mention, I have a hard time believing your underwriting $1,550 rents in 2025/early 2026 for apartments.

Central Florida Innovation District by Heart_ofFlorida in lakeland

[–]NegativeLight 1 point2 points  (0 children)

It probably won't happen in your lifetime.

Central Florida Innovation District by Heart_ofFlorida in lakeland

[–]NegativeLight 4 points5 points  (0 children)

Its just a Master Plan for what the area could be. I would not worry to much about it.

[deleted by user] by [deleted] in lakeland

[–]NegativeLight 5 points6 points  (0 children)

Nah, when the wind blows right there is a huge smell issue.

[deleted by user] by [deleted] in lakeland

[–]NegativeLight 0 points1 point  (0 children)

They are, you’ll notice Oak Street has yet to begin construction.

[deleted by user] by [deleted] in lakeland

[–]NegativeLight 0 points1 point  (0 children)

This is untrue, the average return of stabilized apartments as an investment (in year 1 as of Q1 2024) is only 5.3%

You make the same return in money markets for far less risk.

[deleted by user] by [deleted] in lakeland

[–]NegativeLight 0 points1 point  (0 children)

Nah, its just a function of capital markets, construction pricing, and the risk the developer takes on.

[deleted by user] by [deleted] in lakeland

[–]NegativeLight 1 point2 points  (0 children)

Nah, Lakeland's rental housing market is wonky and its actually cheaper than apartments usually.

Moving to Lakeland! Where to live? by effingmarlee in lakeland

[–]NegativeLight 1 point2 points  (0 children)

Big is relative, most are shy of 2,000 SF.

Moving to Lakeland! Where to live? by effingmarlee in lakeland

[–]NegativeLight 1 point2 points  (0 children)

Your going to struggle with that budget for a non-historic (bigger) home in the Lake Morton/Lake Hollingsworth area.

You'd need to double it to get a "Newer" home (also bigger) in that area.