Scribd
Upload
7 views

CC Project 02

Feasibility report part 2

Uploaded by

ALOYCE KONA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
7 views

CC Project 02

Feasibility report part 2

Uploaded by

ALOYCE KONA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Scale assessment: What height and density of buildings would you propose for the develop-

ment of the Convention Center Property? To the extent your answer is based on which height
and density would be the most financially successful, please explain your evidence and reason-
ing. To the extent your answer is based on other considerations, please describe.

For this project proposal of the convention center area’s development, the focus will majorly be on
the height and density of the property, which will consist of shopping plazas, a High-tech industries
project (combined with the mall) and laboratories and office spaces. It is essential to consider that
building development is a long-term activity that requires a well-laid-out plan (Miles et al. 54).
Early planning is also a critical issue that should be considered for the future management of the
project.
The proposed land for this project is approximately 250,000 square feet and roughly 6 acres in total.
It is also important to note that the buildings should occupy 80 % of the land. The remaining 20%
should be the parking space required by the local municipality regulations (Miles et al. 79). The
project should also take caution on the limit to which the height of the buildings can be and the
proper density to cover all the amenities. Moreover, the focus should also be placed on the financial
products the property aims to bring about. To enhance the financial performance of the Convention
Center Property, developers must create a structure with the optimal mix of height, density, and
amenities. Structures should be tall enough to offer excellent vistas and amenities while adhering to
the local municipality's zoning laws (Wang 234). The size should be high enough to optimize rental
income potential and allow for adequate green space and public facilities. Also, developers must
consider the possibility of additional income from retail and commercial tenants and the infrastruc-
ture and utility costs required to complete the project.
Site A, which will consist of shopping plazas, will have a total floor space of 2.07 Acres (90,000
square feet). The building will consist of 3 stories, each 12 feet tall, with approximately 50 stalls.
The building will be on the far right of the land to ease access to the community.. On the other
hand, site B which will serve as high-tech industries inclusive of the mall should cover 1.15 Acres
(50,000 square feet) of land space in the middle of the plot, which is an ideal strategic position con-
sidering that the project of flying taxi landing pads (Dahill, 2022) which will be located on the top
roof of the part of the B mall. The building here should consist of 3 stories, each 12 feet tall and a
maximum of only three mega stalls, one on each floor, to make it more conducive. What’s more a
reasonably wide road should be built between the plazas of A&B for pedestrians to pass through,
and corresponding green space and barrier-free facilities should be built.
Site C, the space for laboratories and offices, will only cover 1.38 Acres (60,000 square feet) and is
located at the furthest end of the land to offer a serene environment free of all the noises and disrup-
tions from outside. The plan for this project is to have 7 stories for this building, 90 feet tall, and a
total of 70 working offices and laboratories. The last bit of this project should be the parking area of
1 Acre (43,500 square feet) divided among the three sites to offer ample space.
Besides the main factors surrounding the onset of the project, a variety of other considerations ren-
der the development very useful to the owners, community and government. The three-site project
aims to expand the community by attracting investors from the country and outside and various
business people to work on the premises and seeking to grow the whole place by bringing new ideas
which can be actualized entirely. This project is a good example of the mixed-use and transport-ori-
ented development we hope to bring to all corners of the city. It also aims to create numerous job
opportunities for the local people, reducing the unemployment gap, which benefits the local govern-
ment (Miles et al. 76). What is more, with the beginning of operations, once the project has been
completed, there will be issuing of licenses as well as payment of taxes which will provide the gov-
ernment with revenue hence contributing majorly to development projects that will be carried out in
the community.
Real estate development 5th edition principles and process by Mike E Miles, Laurence M Netherton

and Adrienne Schmitz


Wang, Na, et al. "Unique Building Identifier: A natural key for building data matching and its en-

ergy applications." Energy and Buildings 184 (2019): 230-241.

https://doi.org/10.1016/j.enbuild.2018.11.052

You might also like