Action planning for urban development
Published on: October 09, 2018
High land and construction costs – coupled with limited, undeveloped land – are familiar challenges for most urban developers. And when a lot for re-development is acquired, other issues can significantly impact the project schedule and outcome, potentially costing millions of dollars.
There are many different issues, some of which include:
Adjacencies: The site is next to or over critical public infrastructure (tunnels, bridges, highways, rail, air rights, etc.); next to historic or concerned building owners that may see impacts, such as building settlement, because of the new development.
Brownfields: The site contains contaminated soil and/or groundwater, and the contamination needs to be remediated to meet regulatory or litigation requirements. Worker safety and future tenant/resident risks may be impacted.
Public perceptions/impacts: The development will generate vibration, dust, noise, traffic or shade to the area during construction or in its final condition.
Environment: There is the potential for flooding from coastal or rainfall events, for excessive temperatures, or for energy blackouts. The site needs to be accessible and its function sustainable during emergencies.
Read the rest of Heather Scranton’s article in the ULI Boston/New England blog to learn how forward-thinking will go a long way to make your urban development project more successful.