Deep Dive: CERES & Culinary-Centric Residential Communities
How CERES is bringing the European 'gourmet cluster' model to U.S. residential development.
What if the anchor tenant of a residential community was not a gym or a pool, but a food hall run by chefs with their own equity stake? CERES is betting that culinary identity can do for new residential what golf courses did for a previous generation — at a fraction of the land cost.
The Gourmet Cluster Model
Founder & editor of Opensqft. Previously co-founded General Assembly and Common.
Get analysis like this weekly
One free issue a week. No spam, unsubscribe anytime.
Related news
The Return of the Operator-Led Fund
For a decade, the prestige trade was allocating to a brand-name fund and letting them buy. That trade has cooled. The managers raising fresh capital in 2026 are the ones who can point to a payroll, a maintenance system, and a renewal desk — not just a buy-side thesis. Why…
Underwriting in a Higher-for-Longer World
Most pro formas built between 2015 and 2021 carried one silent assumption: exit cap rates at or below entry. That assumption is gone, and the models that still lean on it are producing fiction. Three Inputs to Re-Examine Start with the exit cap — underwrite it flat to entry at…