Course Description
Developers, property managers and associations face unique challenges when developing an urban condominium project.
Oftentimes insufficient time is factored in for project design and technical review and obtaining required government approvals. Developers may also not fully appreciate the challenges that will be faced in funding the development, structuring the condominium regime and negotiating with associations and surrounding property owners to address title, easement and costsharing agreements. Additionally, operational issues associated with an urban condominium development, such as parking, transportation, use restrictions, public space enjoyment, integration of different types of users and ongoing cooperation with governmental agencies, can present ongoing challenges. This topic will provide tools for navigating through the design, approval and construction phases of an urban condominium development, and will guide developers through structuring considerations with respect to underlying condominium regimes, master associations and relationships with surrounding property owners, and will provide practical solutions for addressing operational challenges faced by urban condominium developments, including parking, transportation and competing mixed use demands.
Agenda
Condominium Structuring Considerations
Types of Condominiums: Residential, Mixed-Use, Commercial, Condo-Hotel
Strategies With Respect to Labeling
Units, Parking, Common Elements, Limited Common Elements, Shared Facilities, Noncondominium Property
Vertical Subdivisions
Association Structure
Master Association
Sub-Associations
Reciprocal Easements and Cost Sharing Agreements, Use Agreements
Club Arrangements
Unique Development Considerations
Project Design and Planning
Techniques, Multiple Layers of Government Review and Approval
Mixed Use Development and Diverse Housing Options
Public-Private Partnerships
Economic Incentive Opportunities
Parking, Reciprocal Parking, Sharing Arrangements
Transportation
Noise and Acoustical Considerations
Use Restrictions on Retail and Commercial and Designing a Complimentary Mix
Integration With Public Amenities: Green Space, Cultural Attractions, Pedestrian Enhancements
Urban Infill, Environmental Concerns and Brownfields
Audience
This live webinar is designed for attorneys, presidents, vice presidents, real estate professionals, owners, property managers, project managers, developers, homeowners' and condominium association members, paralegals, lenders, construction professionals, architects and surveyors.