Feb 23 2008
Developing Land Without Subdividing
Broadly defined, “developing” is adding value to a land parcel by making some change to it. The value is increased because the change (whatever it is) expands the market for the property by enabling it to be used by additional categories of buyers. You can develop by effecting some visible transformation, such as adding, modifying or removing structures, and you can be a developer by doing something invisible to the parcel. Subdividing is one method, but there are other alternatives. You may be able to broaden the potential uses for the parcel or obtain an outright change of zoning classification for it.