Urban Design In The Real Estate Development Process

Urban design enables better places to be created for people and is thus seen in Urban Design in the Real Estate Development Process as a place-making activity, rather than the application of architectural aesthetics. Urban design policy can change the 'decision environment' of developers, financiers, designers and other actors in the real estate development process to make them take place-making more seriously. This book reports diverse international experience from Europe and North America on the role and significance of urban design in the real estate development process and explores how higher quality development and better places can be achieved through public policy. The book is focused on four types of policy tool or instrument that have been deployed to promote better urban design: those that seek to shape, regulate or provide stimulus to real estate markets along with those aim to build capacity to achieve these. Urban design is therefore seen as a form of public policy that seeks to steer real estate development towards policy-shaped rather than market-led outcomes. The editors set the examples, case studies and evidence from international contributors within a substantive discussion of the impact of urban design policy tools and actions in specific development contexts. Contributions from leading urban design theorists and practitioners explore how: Masterplanning and infrastructure provision encourage high quality design Design codes reconcile developers' needs for certainty and flexibility Clear policy combined with firm regulation can transform developer behaviour Intelligent parcelisation can craft the character of successful new urban districts Powerful real estates interests can capture regulatory initiatives Stimulus instruments can encourage good design Development competitions need careful management Design review can foster developer commitment to design excellence Speculative housebuilders respond in varied ways to the brownfield design challenge Physical-financial models could help in assessing the benefits of design investment Urban design can add value to the benefit of developers and cities as a whole.

The twin processes of planning and property development are inextricably linked – it’s not possible to carry out a development strategy without an understanding of the planning process, and equally planners need to know how real estate developers do their job. This third edition of Urban Planning and Real Estate Development guides students through the procedural and practical aspects of developing land from the point of view of both planner and developer. The planning system is explained, from the increasing emphasis on spatial planning at a regional level down to the detailed perspective of the development control process and the specialist requirements of historic buildings and conservation areas. At the same time the authors explain the entire development process from inception through appraisal, valuation and financing to completion and disposal. This is an invaluable textbook for real estate and planning students, and helps to meet the requirements of the RICS and RTPI Assessment of Professional Competence.

This book is a comprehensive treatment of the twin processes of planning and development and is the only book to bring the two fields together in a single text.

Shaping Places explains how towns and cities can turn real estate development to their advantage to create the kind of places where people want to live, work, relax and invest. It contends that the production of quality places which enhance economic prosperity, social cohesion and environmental sustainability require a transformation of market outcomes. The core of the book explores why this is essential, and how it can be delivered, by linking a clear vision for the future with the necessary means to achieve it. Crucially, the book argues that public authorities should seek to shape, regulate and stimulate real estate development so that developers, landowners and funders see real benefit in creating better places. Key to this is seeing planners as market actors, whose potential to shape the built environment depends on their capacity to understand and transform the embedded attitudes and practices of other market actors. This requires planners to be skilled in understanding the political economy of real estate development and successful in changing its outcomes through smart intervention. Drawing on a strong theoretical framework, the book reveals how the future of places will come to be shaped through constant interaction between State and market power. Filled with international examples, essential case studies, color diagrams and photographs, this is essential reading for undergraduate and graduate students taking planning, property, real estate or urban design courses as well as for social science students more widely who wish to know how the shaping of place really occurs.

This book provides readers with a basic understanding of the principles that underlie real estate development. A brief historical overview and an introduction to basic principles are followed by examples from practice. Case studies focus on how cities change and respond to the economic, technological, social, and political forces that shape urban development in North America. It is important to have a framework for understanding the risks and rewards in real estate investing. In measuring return, consideration must be given to both investment appreciation and the cash flow generated over the life of a project. In addition, metrics are presented that can be useful in assessing the financial feasibility of a real estate development proposal. This book also provides an overview of the forces of supply and demand that gauge the potential market for a new project. In determining the size of “residual demand”, estimates for population growth, family formation, and new development are important. All development projects fall under the auspices of one or several jurisdictions. Though every jurisdiction has different rules and procedures, basic knowledge of the planning process is critical to the success of all development projects regardless of location. Furthermore, all projects have a legal component. Basic issues of land ownership, property rights, property transfer, and land registration are reviewed, all of which need to be considered when a property is sold or purchased. This book also provides a primary on the design and construction process. In constructing a building, a team of experts is first required to design the architectural, structural, and heating, ventilation, and air conditioning (HVAC) systems for a building. An overview is provided of each building system: wood, concrete, and steel. Critical to a successful real estate development, project management principles for the processes of design, bidding, and construction are explored, with close attention given to budgeting, scheduling, and resource management. Essential reading for anyone involved in the development of our built environment, this is a must-read introduction for students and professionals in architecture, urban planning, engineering or real estate seeking an approachable and broad view of real estate development and finance.

BUILDINGS FOR PEOPLE Buildings for People: Responsible Real Estate Development and Planning explores how to balance social concerns with financial and investment considerations without sacrificing profit. This timely volume provides key technical and practical knowledge while exploring real estate development and planning through a multi-level lens—revealing the systemic factors that both govern and are governed by the real estate process. Beginning with site selection, the authors discuss financing, site improvement, architecture, landscape architecture, site planning, construction, and evaluation within a broader political, economic, and social context. Throughout the text, the authors explain key theories and methods of professional practice, and highlight how important social issues are interconnected to the business of real estate development and planning. Demonstrating how the desire for profit can be balanced with the needs of society Buildings for People: Responsible Real Estate Development and Planning is an excellent textbook for advanced undergraduate and graduate students in real estate, urban planning, urban design, and urban studies courses, as well as a valuable resource for researchers and professionals who want a multidisciplinary understanding of the built environment.

This fourth edition of Urban Planning and Real Estate Development guides readers through the procedural and practical aspects of developing land from the point of view of both planner and developer. The twin processes of planning and property development are inextricably linked – it is not possible to carry out a development strategy without an understanding of the planning process, and, equally, planners need to know how real estate developers do their job. The planning system is explained, from the increasing emphasis on spatial planning at a national, local, and neighbourhood level down to the detailed perspective of the development management process and the specialist requirements of historic buildings and conservation areas. At the same time, the authors explain the entire development process from inception, through appraisal, valuation, and financing, to completion. Sustainability and corporate social responsibility and their impact on planning and development are covered in detail, and the future consequences of the COVID-19 pandemic are explored in new opening and closing chapters setting the text in a global context. Written by a team of authors with many years of academic, professional, and research experience, and illustrated throughout with practical case studies and follow-up resources, this book is an invaluable textbook for real estate and planning students and helps to meet the requirements of the RICS and RTPI Assessment of Professional Competence.

This is an introduction to the secrets of Urban Design Management (UDM). The book examines the roles of the players involved in land-use projects and describes good collaborative methods of practice in project-based urban design and planning, putting emphasis on the creative co-operative skills and the wide knowledge of the participants in a working group. The role of the architect is examined in relation to design, planning and project management with particular emphasis on collaboration and negotiation skills. Specific issues considered include: The make-up of a good project team Ways to make the project team function together Objectives and benefits of project-orientated planning The need to take local characteristics into account in project-orientated planning The preparation required for a co-operative planning process and how initial information can be collected and used How to define project content, and outlining the project itself Partner-specific strategies Urban Design Management contains international examples and many diagrams and photographs, making it a useful and accessible guide for all built environment professionals working in the public realm and those studying architecture, urban design and planning at a graduate level.