User:Santa Loba/sandbox

= Deepblocks = Deepblocks is an artificial intelligence company building a global platform that integrates the multiple disciplines within real estate development. Deepblocks is a PropTech that is now available in every city around the world.

It was founded by Olivia Ramos at Singularity University in 2016.

History
Deepblocks was incorporated in 2016 at the Singularity University Global Solutions Program, thereafter invited to the Incubator and Accelerator programs. Founder Olivia Ramos, joined a machine learning expert to design a technology for global real estate optimization. The concept behind Deepblocks had been growing for ten years prior to Singularity, during Olivia’s academic studies, professorships, participation in the DARPA Innovation House, and post-graduate work in every discipline within real estate.

Mission
To streamline the process of analyzing and optimizing real estate development in order to reduce the cost and build more affordable and sustainable product. Deepblocks provides the tools for smaller teams to take on development projects.

Problem
The problem is the lack of autonomy within the development process, requiring many consultants, and resulting in fees that make up more than 40% of construction cost. The lengthy conversations between the broker, developers, architects, contractors, and municipality, are fueling a dangerous housing affordability crisis.

Products
This company has two products available to the public.

Deepblocks Pro
Deepblocks Pro features 3D models, zoning limits, market variables, property uses, and a back of the envelope financial analysis. It continuously includes more data and calculation required to analyze real estate. Crowdsourcing is used to passively collect data from every project created. Artificial Intelligence is used to find patterns in the data and strengthen the insights provided to the customer.

Mappy App
Mappy, a phone application to search for real estate data for any parcel of land. This data includes but is not limited to demographics, zoning limits, gross rents, sea-level rise and topographical data, and construction costs. This app provides transparency into any market and a holistic view on any single property.

Customers
Deepblocks combines the disciplines within real estate, its customers are all the professionals included in the process of creating a building.

Real Estate Developer
Real estate developers need a team of architects, analyst, and contractors, to have a preliminary idea of what can be built and how much can be built on a piece of land. This process takes weeks and sometimes months. With Deepblocks, developers are able to figure this out on their own in a matter of minutes.

Real Estate Broker
Commercial real estate brokers need to understand what is possible on any property they representing. Most brokers have farm areas, or geographical areas they focus on and become experts in. With Deepblocks, brokers are able to work in many more markets because they no longer need to stick to one area and therefore potentially increase their deal flow.

Architect
Architects are often asked to provide feasibility studies for real estate developers and brokers to understand what is possible. This work is often underpaid and sometimes free, however, it takes weeks to formally put together. With Deepblocks, architects are able to generate these reports in a matter of minutes. This allows architects to continue to strengthen their relationship without spending days of work without compensation.

Contractor
General contractors have to wait at least three months to provide a cost proposal to a potential customer. The estimating team has to wait for a series of sub-contractors to provide quotes for each individual line item. With Deepblocks, contractors can have a preliminary idea of the cost of the project and begin the conversation before their competition. Later version of Deepblocks will include a breakdown of construction line items.

Construction Lender
Lenders currently have very little tools to verify if a development project is feasible. With Deepblocks, lenders can test if the assumptions provided by the developer are optimistic and what assumption would break the project.

Property Owners
Property owners would need to hire consultants to figure out what is possible on their property. With Deepblocks, property owners can have a snapshot idea of what can be build and therefore the value of their land based on the development potential.

For example, in a sale by owner transaction, the owner would benefit from knowing what can be built on their property.

Use Cases
There are many use cases in which it makes sense to use Deepblocks.

Buying Real Estate

When buying or selling real estate, it is important to know if the property has development potential.

Buying a Home

If there is a home for sale, it is beneficial to understand if it has development potential. Cities continue to increase the density limits of zoning areas to allow for more units. Often, single family homes have development potential, which makes the land more valuable.

Looking at MLS Listings

When looking at what it available in the market through any MLS service, it is helpful to use Deepblocks to understand if any of the listings have development potential.

Sale by Owner

Owners can get more value out of their property if they understand the potential development and back into the price of the land.