Redevelopment planning and implementation is a special practice area that blends several different disciplines including: urban planning and design, economic development, public finance, real estate development and brownfield/grayfield reuse. At its core, it is the practice of repositioning and reactivating dormant or underperforming real estate assets in struggling downtowns, urban neighborhoods, and tired-out suburban corridors to bring new life and investment to these areas, which also renews the return on past public infrastructure investments. In essence, it is the urban planning equivalent of “upcycling” – retrofitting and adaptive reuse on a scale ranging from single sites and buildings to entire cities and districts.
KKC brings a keen ability to discern the value in underappreciated and underinvested land assets and match them with known or emerging trends in real estate and the economy writ-large. Our work is informed by deep understanding of how to leverage the multitude of both standard and unconventional financing tools and incentives to deliver projects that not only meet a community’s desires and expectations in terms of design and land use; but that are actually buildable from a financial feasibility standpoint.
The types of services we provide in this domain are deeply assimilated into our special district and economic development work and include:
- Site and building reuse analysis
- Special taxing district conceptualization and implementation
- Land assembly/acquisition strategies
- Real estate pro-forma development and analysis
- Project implementation management
- Market analysis
Work examples:
- Downtown Master Plan and updates – Florence, SC
- 421 Corridor Michigan City, IN
- Dickinson, TX
- Killeen, TX
