In The Agency’s third annual Red Paper—an extensive report compiled of the latest data, research and insights on real estate market performance throughout the U.S., Canada, Mexico, the Caribbean and Europe in 2022—The Agency Development Group (TADG) unpacks buyers’ shifting interests and spotlights the projects and regions igniting their interest.
The Agency Development Group is a collection of highly skilled individuals who offer unparalleled marketing and sales expertise to developers worldwide. From urban developments in metropolitan cities to resort-style offerings and sprawling estate communities, The Agency Development Group provides developer clients with an array of services from pre-development consultation through the final sellout of a property. To date, The Agency Development Group has collaborated with the world’s most prominent developers, including AECOM, SHVO, Howard Hughes Corporation, Combined Properties, Anschutz Entertainment Group (AEG), Starwood, RLH Development’s One&Only Mandarina and Fairmont Mayakoba, Pendry West Hollywood and more.
2022 was a dynamic year for The Agency Development Group, which took on six new properties, achieved over $170M in total sales and expanded its global real estate portfolio to more than $2.5B. Earlier this month, the team announced the total sellout of 52 live-work lofts at 3450 West in Studio City, achieving consistent price appreciation throughout the sales process.
The Agency Development Group’s current portfolio encompasses a number of exceptional projects, including:
Pendry Residences West Hollywood by Montage Hotels & Resorts
Pendry’s flagship collection of 40 private residences is set mere moments from the Sunset Strip and WeHo’s most popular restaurants and entertainment venues. Residences boast contemporary, inviting designs by acclaimed EYRC Architects, interiors by Martin Brudnizki, airy floor plans with thoughtful finishes throughout plus expansive outdoor spaces, spectacular city views, private elevator access and fully-serviced living by Montage Hotels & Resorts. Email PRWH@TheAgencyRE.com for more information.
A collection of over 300 luxury homesites with custom homes situated in the mountains in Henderson, Nevada, above the Las Vegas Valley. Offering absolute privacy, the residential community boasts contemporary design masterpieces and world-class lifestyle amenities. In 2022, total TADG sales reached over $63M. From 2014 to present, the total exclusive community sales has now surpassed $250M.
Ascaya Resale Listings
Presently, The Agency Development Group represents three resale listings at Ascaya, two of which are one-of-a-kind, custom-build residences and the third is a stunning, 7+-acre homesite.
Designated at the prestigious New American Home 2023, this custom-built residence is newly completed and boasts chic contemporary design by Studio G Architecture. This 5-bed, 7-bath, 8,211-SF home features soaring ceilings, a chef’s kitchen, a 452-bottle wine wall, 4-car garage and more than 1,000-SF of outdoor living space with 2 pools and an open-air kitchen.
Surrounded by miles of picturesque mountains and desert above the Las Vegas Valley, 6 Sanctuary Peak Court is an under-construction 4-bed, 5-bath, 5,262-SF home within the private Ascaya community. Designed by Studio G Architecture, this single-level home features open-plan living spaces lined with walls of glass.
Set on a private street within the Ascaya community, this build-ready homesite offers panoramic views of the Las Vegas Valley and Strip, spans more than seven acres and is capable of accommodating a two-story home.
A 620-acre, gated resort community located on the pristine shores of Riviera Maya, Mexico. Home to white-sand Caribbean beaches, pristine lagoons, rolling green fairways and leafy mangroves, Mayakoba features two hotel-branded residential offerings: Fairmont Residences and Rosewood Residences. In 2022, nearly $53M of real estate was sold within the gates, a testament to the appeal of the highly serviced, amenity-rich lifestyle that hotel-branded residences can offer.
Buyer Interests and Emerging Trends
Looking back on 2022, the TADG team noted several key factors that continue to influence buyers as they seek homes across the globe:
Wellness-Inspired Amenities & Design
Across the board, wellness amenities took center stage in residential developments, answering the desires of buyers seeking more balanced, healthful lifestyles. In addition to perks like cold plunges and infrared saunas, new communities attracted residents with thoughtfully designed interiors that incorporated ample natural light and access to greenery.
A Service-Centric Lifestyle
In multi-family developments, buyers showed their preference for a fully-serviced lifestyle—whether it be part of the HOA, or a curated service the residential management offers à la carte.
Thoughtful Home Tech
Leading-edge home technology is still playing a primary role in new developments, and many developers are pre-wiring their offerings to preempt resident requests and expectations.
For more on the trends emerging in the development space, as well as regional market spotlights, read The Red Report in its entirety here.