Description / Requirements

Context:

This assignment aims to further develop your knowledge and understanding of the key areas affecting urban development and is based on a 'real-life' scenario.Students will perform the role of a consultancy firm and provide advice and guidance to a major industry developer.

We are particularly interested in innovative and sustainable development proposals as well as HBU.

This assignment builds on the information discussed throughout the lecture series and also as is presented in the prescribed text Property Development (2015) 6th edition by Reed & Sims.

Overall, this project is designed to bring students an appreciation & deeper understanding of the following:

a.Inter-relationships between planning, valuation, economics andconstruction;

b.An appreciation of the cross-disciplinary and cross-professional nature of theproperty development process;and;

c.Affinity with professional practice and methodology in the 'realworld'.

Task:

HBU-analysis - Perform a highest and best use analysis (HBU-A)

Undertake a highest and best use analysis (HBU-A) assessment and identifythe best development for the proposed site.

Demonstrate an entrepreneurial approach and original thinking in your development proposal (function and design)

Consider creative options such as mixed-use, prefab, community living, social housing, etc.

The Highest & Best Use Analysis is to be set out with the following dot point headings

Comparison of Development Proposals

Legally Permissible

Physically Possible

Financial Feasibility

Maximum Productivity

217 - 225 Currie St, Adelaide, SA.

NOTE: The board is not looking to develop any residential assets.