iSnare.com - Free Content Articles Directory
Authors Contents [Advanced Search][Add OpenSearch][Job Search]
Distribute your articles to thousands of article sites for only $2 and below! Read more...

Index  Real Estate
 

Success With Commercial Infill Developments

 
[ Contact the Author] [ Send to a Friend] [ Article Publisher] [Make PDF] [ Print] [ Bookmark & Share]
 
Read our Terms of Service before reprinting this article. The submitter specified above has claimed the rights to this article.
Tony Seruga, Yolanda Seruga And Yolanda Bishop

The term “infill development” refers to any kind of new, significant construction in an already established area. Infill development can take many forms, including developing previously vacant lots and replacing older buildings that aren't in great shape. Infill development offers a great opportunity for real estate investors, since it's encouraged by many community governments.

In California, the California Infill Opportunity Law permits any city or county to designate particular areas as “infill opportunity zones.” To become one of these zones, an area has to meet four major criteria:

1. It must me zoned either for infill residential or mixed use development. If the area isn't already zoned this way, the city or county has to change the existing zoning as part of the first step.

2. The area also has to be located within a third of a mile of a transit stop featuring frequent service. In this case, “frequent” is defined as having no more than fifteen minutes between buses and trains for at least five hours per day.

3. The area must be located in a county where the population is at least 400,000. In California, this is a little less than half of the counties.

4. Last, these zones have to be designated in an area where the community plans call for higher density infill development, to make sure that the development that occurs in the infill opportunity zone is consistent with existing planning.

If you're a developer or prospective developer who'd like to get involved in infill development, this law is a great opportunity. It allows you to find areas where the local planners want your development. This means you'll have a much easier time getting things underway. If you don't live in California, but would like to see a similar law in your state, read the full text of the law, and get in touch with the Surface Transportation Policy Project for more information about how the law was enacted there. With this information, you'll be able to campaign for a law like this in your state, giving others the opportunity to take advantage of infill opportunity zones.

Many local decision makers might be unaware of the benefit that infill development can bring them. Therefore, it can be advantageous to the success of your project if you help spread the word about it. There are a few things you can do to help get local officials on your side.

Knowing your community is step one. If you identify the areas that would best benefit from infill development or from being designated as infill opportunity zones, you can share that information with local and city officials. Areas that need more affordable housing, are in failing commercial areas, or that need better amenities for people on foot, bicyclists, and public transit users are all prime candidates for infill development. Be sure that you look for the area's ability to accommodate the development, too. There should be a large number of vacant areas, structures that have been abandoned, large parking lots, or older low-density structures.

Once you've done your research, you can get in touch with the City Council or other officials to let them know of these areas. If you can show them how infill development will benefit the area, they'll be much more interested in assisting you with your investment plans.

Important NoticeDISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Isnare.com without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Isnare.com do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Isnare.com's support or sponsorship for this article. Isnare.com is an article publishing service. Please read our Terms of Service for more information.

Anthony Seruga and Yolly Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.
Article Tags: infill [See Dictionary], development [See Dictionary], opportunity [See Dictionary]
Got a question about this article? Ask the community!
Article published on February 12, 2009 at Isnare.com
 
Rate this article:

The Basics Of Apartment Building Investing
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

If you are considering getting involved in commercial real estate investing, then there are a variety of individual markets that you may want to consider...

Buying The Right Kind Of Retail
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

Commercial real estate investing is built on the bedrock of retail and shopping center development Unfortunately, that bedrock has been anything but solid in the last two years, and it's edged into a cliff over the last 9 months...

Which Commercial Lender Is Best For You?
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

Financing your commercial real estate investment is one of the critical pieces of the puzzle to becoming a commercial real estate investor...

Different Types Of Commercial Real Estate
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

Real estate investing can be an excellent career, if you keep your wits about you and handle things right...

Finding The Best Deals In Commercial Real Estate
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

If you want to be successful and profitable in the commercial real estate market, it will depend greatly on your ability to find the best deals in the commercial real estate market...

Differentiating Comps And Listings
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

Being a commercial real estate investor means being smart, and using all of the information available to you...

Conducting A Title Search
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

If you are involved in real estate investing, then you probably already realize that due diligence is extremely important...

Purchase Commercial Properties With Construction Loans
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

Investing in real estate provides a number of benefits but also can be an expensive and risky undertaking especially in commercial properties...

Due Diligence: Do Your Homework
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

One of the most important things that you need to remember when evaluating commercial real estate, is due diligence...

To Lease Or Not To Lease Commercial Office Space
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

Leasing office space can be very valuable to those who are interested in investing, building, or developing commercial real estate...

Cap Rate Follies
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

One of the variables most often mismanaged, and flat out misunderstood, in commercial real estate is the capitalization rate...

Commercial Real Estate Acquisition Skills: Negotiating With The Seller
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

People make commercial real estate negotiating a lot more difficult than it needs to be First, you need to collect information...

E-permitting: Making The Building Permit Process Efficient
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

One of the biggest hassles of building a home or other structure is getting the paperwork finished Because building codes and local laws are so complicated, you may find yourself running back and forth, trying to get your building permit approved...

10 Hazardous Waste Monsters To Be Aware Of When Buying Commercial Real Estate
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

Real estate is a lucrative niche for many people, and there is a lot to stand to benefit from acquiring land as far as re-selling, development, and other purposes...

Choosing The Right Architect For Your Commercial Real Estate Development
Submitted by: Tony Seruga, Yolanda Seruga And Yolanda Bishop

A good real estate development starts with the right architect An architect is concerned not only with the concept but also the planning as well as designing of a building or any real estate development...

The 8 Main Questions You Must Ask Moving Companies In Seattle Before Hiring One
Submitted by: Joe Tacoma

Whatever the type of move, be it a residential or office move, be it a small or big one, in order to ensure that everything is handled correctly and safely, you must hire a professional moving company to help you...

Dangerous Property Manager Contracts - Don't Sign if it Says These Things
Submitted by: Monte Lee-Wen

Your relationship with your Property Manager is key to the success of your Commercial Property Investments...

What Professionals do You Need to Buy a House?
Submitted by: J. Samson

Most likely, buying a piece of real estate is going to be one of your biggest investment in your life...

Add Worth to Your New Home: Plant a Tree
Submitted by: Joe Tacoma

You are now settled into your new home, you have unpacked all your belongings, and the mover in Seattle is gone...

San Diego Executive Suites: The Best Suites In The World
Submitted by: Chris Carson

With the emerging trends in the world of business making, there has been a lot of companies, all around the world, looking for better avenues and with different perspectives for building new businesses and growing more and more...

San Diego Office Lease: Available in All Rates
Submitted by: Chris Carson

With the global companies, focusing on a common goal, the competition for business processes has raised and attained its peak...

Seattle Commercial Space For Lease
Submitted by: Chris Carson

Almost all the businesses require a lot of changes from time to time due to the competitiveness and as well as the compulsion to avoid being crunched upon during risky times...

Seattle Office Space Rental Rates
Submitted by: Chris Carson

Your business would require a lot of changes in location, investments, investors, profit, loss, etc which take place as a cycle every time...

Lease Seattle Executive Suites
Submitted by: Chris Carson

Executive suites are very much sought after especially in places where there are a lot of business people flocking for meetings and executive trips...

Seven Hills, Georgia : Nothing Trounces This Place Whole Year Round
Submitted by: Jason Cantrantz

For Georgians, nothing will ever amaze Lake Arrowhead It bids a heaven of purely outdoor recreation with a very discrete positioning All year through...

Do I Use a Realtor or Sell My Home Myself?
Submitted by: Jason Kay

When it comes time for you to sell your home you have two options; you can hire a Realtor to do the selling for you or you can tackle the task of going ‘For Sale by Owner, or FSBO...

A Few Home Inspection Plumbing Basics
Submitted by: David Haigh

When a home inspector inspects a home, plumbing is one of the critical systems he examines for his report to you...

A Home Inspection Can Find Causes of Sill Damage
Submitted by: David Haigh

When you have a home inspected, your home inspector will look carefully at the structure of your home to check for signs of damage, which may include water damage, rot, or termites...

Home Inspection Tip—When Should the Roof Be Replaced?
Submitted by: David Haigh

Let’s suppose you’re buying a house Your home inspector says the roof’s shingles need to be replaced...

The House Values Around You Are Dropping, What do You Do?
Submitted by: Heather Dunlop

The first thing you need to do is ask yourself if you had plans to move before you heard about the house prices dropping in value...

Isnare.com Footer Divider

© 2004-2009. Isnare Free Articles - An Isnare Online Technologies Free Articles Project. All Rights Reserved.   Privacy Policy