BY CHIP MILLS, AICP
As the residential housing market in Texas continues to heat up, many developers are anxious to get homes on the ground and ready for sale within master planned communities. But before a single road is built, before a single foundation is poured, there are many months of planning and negotiating that have to take place. The umbrella of entitlements includes many different legal agreements that define the commitments each party is agreeing to in the context of the development – including zoning changes, development agreements, possible variances from existing regulations, and special financing districts. Each of these entitlements requires close coordination between the development team and the local municipality. At RVi, we provide assistance to our clients throughout the entitlement process to ensure that all parties are not only satisfied, but are also excited about the future of the project and its positive impact on the community. Let’s take a look at 3 critical considerations for successful entitlement negotiations.
1. The Project Vision
A successful project begins with the development of a compelling vision. This exercise combines the tools of creativity, development expertise, and economics to build a strong foundation for project success. Working in conjunction with a market analyst, the planning and development team crafts a vision that is not only creative, but is also grounded in economic reality. Once the vision has been solidified, it is critical to ensure the entire design team is on the same page with regard to the client’s priorities and the long and short term goals for the project.