Land development is an iterative process with no defined guideline to success. No development is free of change throughout the process. In my Land Development Practice class, I was tasked with designing a residential community that maximized the highest possible lot yield while also adhering the development regulations of the local ordinance (for example: two points of entry from the south, block lengths of > 1,000ft, knuckle streets on 90-degree turns, etc).
This class was especially helpful in designing and maximizing residential design feasibility with the added knowledge of the history of transportation and urban design, hierarchy of movement, and traffic impact analysis. In this class I learned how to read civil development plans, plats, maps as well as how to determine how a site would be impacted by development regulations, grading and earthwork, soil and slope considerations, franchise utility easements, storm drainage and management, and paving construction.
An integral concept taught in the MLPD program was that of adding value to real estate assets through the use of effective design techniques that merge knowledge of environmental science with land planning/development in a trans-disciplinary manner.
The goal of the Design and Development Economy class and final project was to understand evidence-based practices that have the potential to create sustainability in the built-environment. Sustainability as defined in the MLPD coursework references the efficiency and effectiveness of the design, delivery, and management of real estate. Reducing the cost of construction, infrastructure loads, and asset operation costs over time is also regarded as additions to value.
In the document provided, an explanation of realized value, outside of an asset's bottom-line, is applied to a development project in College Station. This added value aforementioned takes into consideration the sensory, visual, environmental, and economic value that culminate into an end-user's perception of place.