ABSTRACT

This chapter assumes that the master developer will focus on the retail and office properties only and sell parcels to others to develop the residential uses-namely, the hotel, apartments, town houses, higher-density residential, and single-family detached housing. It presents the analysis for an infill redevelopment project and then compares its financial feasibility to that of a revised version of the project. Community resistance to compact infill redevelopment should motivate developers, designers, and planners to work together effectively to propose even more compelling sustainable projects. Clearly, infill redevelopment that is compact, connected, and mixed use is more sustainable than sprawl development. The chapter applies dynamic financial analysis to the redevelopment of an older 70-acre site containing rental apartments and a small retail center into a contemporary mixed use infill project. Designers, developers, and planners need to find a third alternative that satisfies the agreed-upon guiding principles, generates acceptable financial returns, and advances sustainability.