The PUBLIC-Private Relationship in Real Estate Development

The PUBLIC-Private Relationship in Real Estate Development

3 years ago 0 0 1804

Zoning and Permitting. Eminent Domain. In the past, that was about the extent of local jurisdictions’ involvement in private development. But my how times have changed. THE WHY There are three main reasons the public involvement in public-private relationship is growing: (1) the emergence of high density-mixed use product; (2) project size; and (3) the need for public financing. Zoning Changes Traditionally, developers would buy the land or property and do whatever they wanted. Government or public involvement in the process was limited to zoning and variance permitting, and, in some cases, exercising its right of eminent domain and contribution to infrastructure. Historically, zoning districts were restricted to one type of use (i.e. office or industrial).There was very little mixed use product. With rare exception, zoning did not take into account putting all uses up in the same place and at the same time. If changes were required, public hearings

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Atlanta’s Edge Cities Develop New City Centers

3 years ago 0 2 2810

I recently heard famed urbanist Richard Florida speak about the rise of the creative class. He claims creative people want to be around other creative people—to live closer together, to spend less time in their cars and to partake in convenient amenities. This trend is manifesting itself in urban areas in the form of high-density, mixed-use developments. It is also happening in the suburbs of metropolitan areas, which have grown up around what were once fairly rural downtowns. In the Atlanta metropolitan area, several edge cities are working hard to create an attractive “sense of place”. Also, several suburban communities have incorporated to take advantage of this trend. Let’s look at a few examples in Atlanta. Living on the Edge You probably already know their names. Dunwoody, Sandy Springs, Roswell and Alpharetta all rank as Atlanta’s edge cities. Let’s start with Sandy Springs as I have been a resident there

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