Business Insider’s Tanza Loudenback piggybacks on the recent signs of agri-hood's starting to move forward as a future real estate community approach. Given that so many developments are golf course-based, the shift in philosophy could have profound effects on the future of current real estate communities.
Loudenback says the only people who matter want to grow their own food and demand "clean living,"
But millennials aren't interested in that type of manicured neighborhood. In today's culture, where young people favor farm-to-table fare and wax poetic about "clean living," agrihoods are just what they're searching for.
"Forget about the golf courses. Our buyers want to have a real environment," Theresa Frankiewicz, vice president of community development for Crown Community Development said at the Urban Land Institute's 2016 Food & Real Estate Forum. Frankiewicz is involved in the development of a 6,800-acre agrihood near Tucson, Arizona.
She goes on to reach this conclusion:
If agrihoods continue to attract young homebuyers, millennials may be held responsible for killing yet another formerly prized industry.
In certain areas, including the Coachella Valley where one of these communities is replacing what was intended as a golf community, I could easily see the golf course portions with desert scape or farming. This may not even be a statement about the game, but instead of the viability of so-so design in a world that wants more than just shiny rye grass and waterfalls.
I'm curious if you think this is a fad or a possible trend?