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River north l use planning (finance real estate class paper):

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River north l use planning (finance real estate class paper):
The planning aspect of any real estate project is what determines its outcomes. Good planning
results into good and well-distributed housing products that well serve the purpose they are
intended to. Poorly planned housing projects are resulting into unnecessary difficulties especially
in the town centers. Difficulties of congestion, buildings not well separated with parking and
have a huge traffic may result into traffic congestion in a town and hence causing a nightmare to
its occupants. Poor plans also lead to low quality development of housing units that may collapse
without standing a fraction of the time they were intended to live.
In the plan attached, there is a good intention in the construction of this whole plan. The
conceiver of the plan has a good planning item though the geographical aspects of the town may
make his plan less applicable or require quite q number of modifications. For a successful real
estate project, the development should be matched with the availability of financial resources to
facilitate the whole project from the beginning to its conclusion. The project should base on the
needs of the market. This provides the project with an easy and well-calculated market
satisfaction. The development of structures majorly relies on the needs of the market. It will be
quite irrelevant to develop residential products in a city center when there is more need for
offices to develop a commercial center. The market may also require the development of

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