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| Concept Plan |
How do you value property on a land assembly deal?
You might go to the MLS, look at
active and sold listings in the last few months, look at trends and list
comparbles and come up with a number.
Here is where Commercial Real Estate and Planning Architecture join forces.
The Value of Land is based on the masterplanner's vision and the final built product price on the day of acquisition.
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| Massing Study |
Vision for land is created by:
- Site Analysis
- Masterplanning
- Massing Studies
- By-Law Interpretation
The aim is to build agreement between Buyers, Sellers, the City and ultimately the local community to come up with the highest and best use of the land and find a solution where everyone wins.
When we do the right amount of the
upfront work to create vision by Site Analysis / Masterplanning /
Massing Studies and By-Law interpretation, the whole process can be much smoother and well-reasoned.
Apart from managing the complexity
of price through 'residual land value' calculations, the terms of sale in a commercial deal often involves some inventive
responses as we satisfy the Stakeholders needs. This is always fascinating because
there are lots of interesting moving parts.
Our ultimate aim is three things: Find a solution that excites the Developer,
satisfies the Seller and creates Value.
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