Nabr, a first-of-its-kind residential development company co-founded by Bjarke Ingels, Toni Bahar, and Nicholas Chim, is hoping to reimagine the future of urban living by offering personalized, sustainable urban homes that will be co-designed with each resident.
The “people-first” company has a five-step process that allows residents to purchase and customize their homes. The first step is to join the waitlist and answer a short questionnaire explaining any needs or desires for the home. When an apartment becomes available, Nabr will reach out to move forward to the next step.
Step two is to customize the home. Buyers will receive an invite to Nabr’s Design Studio to select and customize the home from a curated list of layouts, interiors, and optional upgrades. Step three allows buyers to choose their path to ownership. Buyers can buy upfront or qualify for Nabr’s LEAP program to lock in the purchase price on day one while paying a monthly lease and earning credits toward the home purchase. Step four sees buyers reserving the home with a $1,000 refundable reservation fee, and step 5 is to officially pre-order the home with a non-refundable deposit as low as 1% of the home’s purchase price.
SoFa One, located in downtown San Jose, will be the company’s first development. It will include 125 personalized, sustainable homes in studio, one-, two-, and three-bedroom+ layouts. SoFa One, as well as all subsequent Nabr developments, will feature View Smart Windows. View Smart Windows automatically adjust to provide continuous access to natural light and outdoor views while minimizing heat and glare. The windows reduce energy consumption for cooling and lighting by up to 20%. Nabr developments will also use View’s cloud-connected smart building network, View Net, to power all connected products such as smart locks, access controls, air quality sensors, smart thermostats, and parking.
Prices for SoFa One apartments will start in the high $700Ks. The development is expected to break ground in summer 2022 with occupancy expected by summer 2023.
Related Stories
Office Buildings | Feb 18, 2015
Commercial real estate developers optimistic, but concerned about taxes, jobs outlook
The outlook for the commercial real estate industry remains strong despite growing concerns over sluggish job creation and higher taxes, according to a new survey of commercial real estate professionals by NAIOP.
Multifamily Housing | Feb 17, 2015
NYC multifamily sales increased by 39% in 2014
For New York City as a whole, $20 million-plus deals accounted for more than half of all transactions.
Multifamily Housing | Feb 17, 2015
California launches pilot program to finance multifamily retrofits for energy efficiency
The Obama Administration and the state of California are teaming with the Chicago-based MacArthur Foundation on a pilot program whose goal is to unlock Property-Assessed Clean Energy financing for multifamily housing.
Multifamily Housing | Feb 17, 2015
Young Millennials likely to return home
Ninety percent of individuals born between 1980 and 1984 and who hold a Bachelor’s degree left home before they were 27 years hold. However, half of this group later returned to their parents’ home, according to a study by the National Longitudinal Study of Youth.
High-rise Construction | Feb 17, 2015
Work begins on Bjarke Ingels' pixelated tower in Calgary
Construction on Calgary’s newest skyscraper, the 66-story Telus Sky Tower, recently broke ground.
Mixed-Use | Feb 13, 2015
First Look: Sacramento Planning Commission approves mixed-use tower by the new Kings arena
The project, named Downtown Plaza Tower, will have 16 stories and will include a public lobby, retail and office space, 250 hotel rooms, and residences at the top of the tower.
Codes and Standards | Feb 12, 2015
New Appraisal Institute form aids in analysis of green commercial building features
The Institute’s Commercial Green and Energy Efficient Addendum offers a communication tool that lenders can use as part of the scope of work.
Multifamily Housing | Feb 9, 2015
GSEs and their lenders were active on the multifamily front in 2014
Fannie Mae and Freddie Mac securitized more than $57 billion for 850,000-plus units.
Multifamily Housing | Feb 6, 2015
Fannie Mae to offer lower interest rates to LEED-certified multifamily properties
For certified properties, Fannie Mae is now granting a 10 basis point reduction in the interest rate of a multifamily refinance, acquisition, or supplemental mortgage loan.
Cultural Facilities | Feb 5, 2015
5 developments selected as 'best in urban placemaking'
Falls Park on the Reedy in Greenville, S.C., and the Grand Rapids (Mich.) Downtown Market are among the finalists for the 2015 Rudy Bruner Award for Urban Excellence.
