How does real estate thrive in the polarizing markets of New York and Florida? In this episode of PlotLines, Heather and Britni sit down with Matt Connors, Vice President of Development at Sinatra & Company Real Estate, to explore the unique challenges and opportunities of multifamily development in these contrasting markets. Matt delves into the regulatory differences between New York and Florida, the impact of interest rates on development projects, and the strategic decisions that have fueled Sinatra’s growth from a small team to a regional powerhouse with over 200 employees. He discusses the complexities of navigating diverse regulatory landscapes, highlighting how New York’s stringent policies differ from Florida’s more developer-friendly environment.
Matt also touches on the effects of the current interest rate environment, sharing his view on how rising rates impact the feasibility of development projects and what future rate cuts might mean for the industry. He shares Sinatra’s journey of strategic growth, emphasizing the importance of adaptive reuse projects, historic tax credits, and other incentives that have been crucial to its success.
Looking to the future, Matt remains optimistic about the multifamily market. Despite the current economic challenges, he believes there is enduring demand for quality housing and sees significant opportunities for growth. He shares his perspective on the importance of staying adaptable and strategic in an ever-changing market, and how focusing on community impact can lead to long-term success.
Tune in to this week’s episode to hear why Matt would “rewrite” the headline as “The dust will settle – never bet against the need for housing.”
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