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
MFPRO+ News | Apr 12, 2024
Legal cannabis has cities grappling with odor complaints
Relaxed pot laws have led to a backlash of complaints linked to the odor emitted from smoking and vaping. To date, 24 states have legalized or decriminalized marijuana and several others have made it available for medicinal use.
Multifamily Housing | Apr 12, 2024
Habitat starts leasing Cassidy on Canal, a new luxury rental high-rise in Chicago
New 33-story Class A rental tower, designed by SCB, will offer 343 rental units.
MFPRO+ News | Apr 10, 2024
5 key design trends shaping tomorrow’s rental apartments
The multifamily landscape is ever-evolving as changing demographics, health concerns, and work patterns shape what tenants are looking for in their next home.
Mixed-Use | Apr 9, 2024
A surging master-planned community in Utah gets its own entertainment district
Since its construction began two decades ago, Daybreak, the 4,100-acre master-planned community in South Jordan, Utah, has been a catalyst and model for regional growth. The latest addition is a 200-acre mixed-use entertainment district that will serve as a walkable and bikeable neighborhood within the community, anchored by a minor-league baseball park and a cinema/entertainment complex.
Multifamily Housing | Apr 9, 2024
March reports record gains in multifamily rent growth in 20 months
Asking rents for multifamily units increased $8 during the month to $1,721; year-over-year growth grew 30 basis points to 0.9 percent—a normal seasonal growth pattern according to Yardi Matrix.
Industry Research | Apr 4, 2024
Expenses per multifamily unit reach $8,950 nationally
Overall expenses per multifamily unit rose to $8,950, a 7.1% increase year-over-year (YOY) as of January 2024, according to an examination of more than 20,000 properties analyzed by Yardi Matrix.
Affordable Housing | Apr 1, 2024
Biden Administration considers ways to influence local housing regulations
The Biden Administration is considering how to spur more affordable housing construction with strategies to influence reform of local housing regulations.
Affordable Housing | Apr 1, 2024
Chicago voters nix ‘mansion tax’ to fund efforts to reduce homelessness
Chicago voters in March rejected a proposed “mansion tax” that would have funded efforts to reduce homelessness in the city.
Standards | Apr 1, 2024
New technical bulletin covers window opening control devices
A new technical bulletin clarifies the definition of a window opening control device (WOCD) to promote greater understanding of the role of WOCDs and provide an understanding of a WOCD’s function.
Adaptive Reuse | Mar 26, 2024
Adaptive Reuse Scorecard released to help developers assess project viability
Lamar Johnson Collaborative announced the debut of the firm’s Adaptive Reuse Scorecard, a proprietary methodology to quickly analyze the viability of converting buildings to other uses.
