Haddow & Company has extensive experience with highest and best use studies of land. These studies typically involve four basic steps: 1) economic and demographic overview at the macro level; 2) property analysis, often performed in conjunction with a land planner, that evaluates zoning, utilities, physical attributes, ingress/egress, and other salient factors; 3) supply-demand analysis of relevant sectors of the real estate market; and 4) assessment of land use alternatives and formulation of a strategy tailored to the client’s objectives. To view an illustrative example, please click here.
A sample of recent highest & best use studies we have conducted includes:
Ackerman & Co. owned a high-profile site at the corner of Peachtree and Stratford roads. We were asked to evaluate the property’s highest and best use and recommend an investment strategy. The market potential and economic impact of several development alternatives were explored.
Dunwoody Holdings, Inc. owned an aging office park built in the 1970s. Situated on approximately 17 acres in Central Perimeter, the property was a prime redevelopment candidate. We were retained to evaluate redevelopment options and recommend an implementation strategy.
Regent Partners was providing consulting services for a stalled mixed-use development on the Ross Barnett Reservoir in Jackson, Mississippi. Our role was to assess the property’s potential for apartments, condominiums, and senior housing. The process culminated with a recommended development strategy.
TIC Properties, LLCassembled a prime site in downtown Greenville, South Carolina, which had been enjoying a tremendous renaissance. We were asked to evaluate the property’s highest and best use in order to help formulate the optimal development strategy.
Bowden Realty, a brokerage firm in Phenix City, Alabama, owned 131 acres of undeveloped land comprised of six tracts. The land was located on U.S. Highway 80 at a new interchange with River Chase Drive, and much of the property fronted the Chattahoochee River or Lake Oliver. Our role was to help formulate the optimal development/investment strategy.
Carter & Associates was considering the purchase of a 306-acre tract of land in Knightdale, North Carolina, just outside of Raleigh. The circumferential highway had just been extended through the property and we were hired to help them evaluate the property’s development potential and highest and best use
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