Showing posts with label Rail and Bus Interchange. Show all posts
Showing posts with label Rail and Bus Interchange. Show all posts

Friday, 6 October 2017

Land Assembly Valuation

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. 
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.


Saturday, 14 April 2012

Transport interchange = foot traffic = commercial success

This is a bus and train transport 'interchange' twin-building proposal we designed that aimed to link a regional NSW city hospital on one side of the railway with the commercial centre on the other side. It will require the agreement of around twenty land owners, state rail and the city to move forward.

It is now a matter of making the numbers work, and encouraging the various commercial land owners to either sell or take a stake in the project. The development will revitalise a struggling area of town because of the simple equation: Secure transport interchange = large numbers of relaxed foot traffic = retail and commercial success.

Working now in land assembly here in Vancouver, I get to help owners join in this city renewal process.