ABSTRACT
This chapter focuses on Potomac Yard as an example of the Land Development Stage. Land Development is the third stage of the seven-Stage Real Estate Development Process. Land Developers acquire the property from Land Packagers, construct the horizontal infrastructure, and then sell the finished lots or building pads to one or more Building Developers. The existing land owner may be the Land Banker, or more likely the Land Packager, and must have control of the land and be willing to undergo improvements to it. Alexandria's Coordinate Development District provided that a two-mile long trunk sewer line had to constructed and completed before any individual site plan would be approved. The US Environmental Protection Agency and its designee the Army Corps of Engineers have jurisdiction over the "Waters of the United States," which are commonly referred to as wetlands. The construction lenders provide funds for certain improvements as they are built and inspected.
