Starkey ULI conference and build to rent

1:58:26It passed 4-0. So that'd be good. We'll move on to Ms. Starkey.

1:58:31Um I sent Sonia some pictures. Um I uh attended the ULI conference and so did our County Administrator in Tampa. I really wish some of you all would have gone to the summit. I think it's was invaluable. Um you would have known a lot of people there. Um I think I think you enjoyed it, right? I don't have to speak about it in your notes. Yeah. Um I took some slides here, uh some photos of some slides from

1:59:01John Burns. Um this is who's moving here, um, folks from New York. Miami, Fort Lauderdale, Chicago, Long Island. Um I can tell you when when I run into these people they to say how can you run your gar government? The tax is so low here. I I hear that all the time from people moving down here from up north. Ah bright. Next one.

1:59:28Um this is the number of retirees that are gonna grow over the next five years. Um the dark one is the Tampa MSA and the the light one is the Sarasota MSA. Um but you can see it's uh between the biggest numbers are between, let's see, how would I rank that? Sixty three to Twenty two. So We're getting younger and younger and younger. But a lot of people. uh we're gonna have a lot of folks retiring with

1:59:58With income here. I didn't put the income slide here, but that was amazing. Okay. Um The 25- to 44-year-olds comprise the largest age cohort of single family renters. So they they were talking about how the rental market has just blown up. And a lot of it is because of these guys. And a lot of these th this age group, they work f they can work anywhere in the country. They're working from home. I my daughter's friend,

2:00:29he's a geologist, works for a company out of Texas. He was living in Denver and and now he's living in St. Pete. But You know, he doesn't go into the office. Um girlfriend of mine works for an ad agency in Tampa and she lives in Scotland. They can live anywhere they want. Which is why we see these apartment complexes with these amenities going up everywhere. Okay, next one. Um

2:00:57Um And here's about here's affordability, so again, uh it it's harder and harder for the young ones to buy anything. The younger ones. And Um here's the remote and hybrid work. This is why the suburbs are growing and why Pasco one of the reasons Pasco is growing so fast.

2:01:20And um I don't know if I put the slide here. So hang on for a second on that one. One of the things they said with the build to rents is one of the reasons they think they're so popular is because Some of these Folks who've retired and I see it at Starkey Ranch, I s there's people in Longleaf that have done this. Um they they're buying something a little smaller or they're renting just to be near their grandkids. They don't wanna leave where they are full time but they they're renting something

2:01:51closer th so they could be closer to their to their grandkids in the area. So um and this this kind of shows you about the um about the US work from home home uh share. That next one is something that really caught my eye and I actually saw this project when I went to Lakewood Ranch. And it's something we might look at. And you think about um I sa I saw this when I was on a bike ride in in Lake Traverse,

2:02:21Michigan. And think about the sidewalk in downtown Tampa and think about the park in downtown Saint Pete. the pub the edge of the amenity of the lake is reserved for the public.

2:02:35Mm-hmm.

2:02:37So the apartment complex is set a little bit back from the edge of the lake. And that makes that an amenity for everybody, not just the people in the apartment.

2:02:50Yeah, yeah, exactly. I rode my bike along Lake Michigan. So, um I think this is something we should be thinking about when the development comes in and how can we just improve c quality of life and reserving that little edge might be something we want to be talking about. Yeah.

2:03:09Isn't the uh Black Lake project similarly laid out like this?

2:03:14We have a bike trail, uh the Orange Belt Trail goes along the back side of it along the park. 'Cause it's the old railroad right away. Oh no, Black Lake, I'm sorry. That's So Black Lake. What thing?

2:03:29Oh Destiny

2:03:31So so we we asked them to make sure they had a public space in their layout where because there's a couple of restaurants where it could be a shared outdoor space between the restaurants that are going in there. Right? With a little walkway to a dock on a lake. Just to use the l use your lake or pond or whatever as an amenity. And and and increase the ability to to Have more opportunities to Sit outside,

2:04:01whatever. You know, you could be having dinner if your kids are done, they could run down and be on the dock looking at at the lake or whatever. Something like that. But Um Lastly, I'm not saying I oh, I attended the uh firefighters the the fire department's party. At um Safety Town. That was the cake. Wow.

2:04:22That's

2:04:23impressive. Isn't that amazing? Um but they had a they had a great event down there, uh Mission Barbecue. Um served up some great barbecue. Very impressive. Um and uh I I think that's a a nice event and maybe I'll can make it out there uh next time. But great event. Um so I think I'll save I'll save these for next time. This is on Homeless, but I'll save it for next time. That's it for me.