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AN ILLUSTRATED EXAMPLE <br /> <br />~ilJty analysis of three aJternate pJans for the <br /> <br />and density restrictions limit residential devel- <br /> <br />29 units. Concept 3 opts for a group of four- <br />stoP/, mid-rise condominium buildin§s con- <br /> <br />tion price is $30 per square foot of land for a <br />4.3-acre site, yielding' an acquisition cost of <br />about $5.5 md[ion. Without financial assis- <br /> <br />ZONING RESPONSE <br />The folJowin§ approaches are recommended [or <br /> <br /> feasibility of redevelopment, either <br /> explicitly or generally, in downtown zon- <br /> ing regulations. <br /> <br />town redevetoproent proiests by allowing <br />multistor~, muttifamily residential (assum- <br /> <br /> If a form-based code is not desirable or <br />feasible, create one or more special down- <br />town zoning districts that recognize the <br /> <br />· relaxation/elimination ofsetbackrequire- <br /> <br />· Qexibie parking requirements that recog- <br /> <br />will emerge with a ~uildable project. <br /> <br />CONCLUSION <br />Market analysis has much to offer to zonin~ <br />professionals, pardcutarly as communities <br /> <br />Market analysis helps communities identify <br /> <br />can accommodate residents for the full Life <br />their communities. Economic feasibiii~/analy- <br /> <br />sions between high-quality desi§n and likeHo <br /> <br />88 ZONINGPRACT]C~ 2.06 <br /> <br /> <br />