Click below to listen to the full conversation between 97.9 The Hill’s Aaron Keck and Trinsic Residential Group managing director for the Carolinas, Ryan Stewart
Welcome to “Embrace The Space!” A monthly segment presented by Trinsic Residential Group, “Embrace The Space” features conversations with experts and professionals in town planning, discussing how differing concepts — from land use and housing to transportation and beyond – all come together to create a community that works, and works for people. This month, 97.9 The Hill’s Aaron Keck was joined by Trinsic Residential Group managing director for the Carolinas, Ryan Stewart.
“I’d say, technically, what’s great about Chapel Hill is it’s a high barrier-to-entry market,” said Stewart. “Basically meaning, it’s hard to build here. So, when you have a project, it’s great. I will say that the flip of that is there’s not a lot of supply and there’s a high demand.”
Development in Chapel Hill may be an occasionally difficult and expensive pursuit, but the payoff is significant and efforts are being made to increase viability while maximizing potential impact for both developers and residents.
“I think Chapel Hill is evolving in real time,” said Stewart. “Their policies, their procedures, prioritizing projects that have income restricted housing or affordable housing as it may be. They’re aware now, as they weren’t maybe 10 years ago, for example, of the need for housing and the demand that’s out there. … It’s a commuter market where people are driving in and they can’t live where they work. And that’s a problem for environmental issues as well as congestion and quality of life. So it goes beyond just, you know, supply. There’s an underlying impact there.”
Listen above for the full conversation!
“Embrace The Space” is a monthly segment presented by Trinsic Residential Group on 97.9 The Hill and Chapelboro.com featuring conversations with experts and professionals exploring town planning, from land use to housing to transportation, and examine how so much works together to form a place where people can not only live — but thrive.
You can find more conversations like this in the “Embrace The Space” archive on Chapelboro, and each month in a special segment airing on 97.9 The Hill!
