Property ownership does not grant an owner full right to do whatever he or she may wish to do with the property. A property owner must follow zoning regulations enacted by state and local governments when dealing with and making decisions regarding the property they own.
Whether it is planning a subdivision, constructing a factory or building a strip mall, it is important for developers to understand the different types of zoning ordinances. One basic question that needs to be addressed, though, is why are there zoning ordinances in the first place?
New developments in northeast Phoenix are in the works. The area will offer residential development projects as well as retailers and a Mayo Clinic lab.
A new industrial park recently gained certification by the Arizona Commerce Authority. The certification will help the new commerce center attract additional businesses to join in the commercial development.
Maricopa is an area with great potential for building and redevelopment. Investors who are constantly on the lookout for a new venture are often entering into development agreements to redo existing buildings, work on road construction, additions and redevelopment. Since there are so many legal hurdles that have to be dealt with, it's important to have all the various factors organized before moving forward in any project.
A $300 million proposed development for multifamily housing may face a challenge brought by neighboring residential projects. The 9.5-acre parcel was formerly a furniture store but requests rezoning in order to begin a residential development.
Real estate developments serve many important purposes in our state. The right Arizona development can provide commercial space for shopping, entertainment and more. Or, a development can provide office space for businesses to grow. Residential developments can provide a range of housing opportunities. No matter the type of development, a lot of planning goes into the creation of these developments. There are economic concerns, environmental concerns and governmental constraints to adhere to. Developers must take these considerations into account and delicately balance interests when planning a new real estate development.
Many Arizona residents may have heard about a new Indian casino in the early stages of development to be built in the West Valley near Glendale. The project has come under fire, with many saying the Tohono O'odham nation should not be able to build the casino resort on land that is not incorporated into the nation's reservation. Three Arizona lawmakers have now joined the fight to prevent the project from going forward. The House has already passed a bill disallowing Indian nations from building gaming establishments on unincorporated land. Senators John McCain and Jeff Flake have introduced a similar bill in the Senate.
Those who are considering developing property in Phoenix or any other city in Arizona must be aware of the legal complexities that might arise. Developers may face issues related to land acquisition, zoning, and development agreements. Yet, even when one thinks he or she knows all the rules and regulations that apply to his or her situation, things can change quickly, threatening to put their development dreams on hold.
As previous posts have indicated, the Arizona real estate market appears to be recovering from the damage inflicted by the Great Recession. With all of these new subdivision and planned area developments, there is much in the way of difficult legal issues that developers will likely have to face. These include land acquisition and zoning issues, as well as the myriad other challenges that come with real estate development.