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Savannah West

The document proposes building a 216-unit apartment complex in Savannah, Georgia. It cites increasing population growth among 20-34 year olds with incomes of $12,000-$20,000, decreasing household sizes, little multi-family construction, rising employment, and declining vacancy rates from 7% to 4% from 1972-1976 as justification. It acknowledges risks for an inexperienced developer include assumptions that residents may not want California-style apartments.

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53 views3 pages

Savannah West

The document proposes building a 216-unit apartment complex in Savannah, Georgia. It cites increasing population growth among 20-34 year olds with incomes of $12,000-$20,000, decreasing household sizes, little multi-family construction, rising employment, and declining vacancy rates from 7% to 4% from 1972-1976 as justification. It acknowledges risks for an inexperienced developer include assumptions that residents may not want California-style apartments.

Uploaded by

karan_w3
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Lorem Ipsum Dolor

Justification for building 216 unit


apartment

Planned city- Savannah


Increase in the population has been mostly in age group 2034, with income range $12000-$20000

Decreasing house hold size

Little or no multi family construction

Increasing employment rate

Declining vacancy rates from 7% in 1972 to 5% in 1974 to


4% in 1976

Risk and rewards

Developer
subcontractors were inexperienced and
undercapitalised.
assumptions

people don't want California style apartments

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