Pays out faster than regular real estate development on a within-sector basis.
Here I envision industrial/infrastructure uses, but for areas that are sufficiently difficult (New York or California, for example) it could be viable for things like housing in combination with traditional development (permit company → development company → homebuyer).
You almost definitely cannot get “general construction” permits whereby you can build anything, which on the one hand is limiting and requires strategic choices in permitting.
On the other hand it allows some strategic influence over the development of useful sites.
Things to consider:
Pays out faster than regular real estate development on a within-sector basis.
Here I envision industrial/infrastructure uses, but for areas that are sufficiently difficult (New York or California, for example) it could be viable for things like housing in combination with traditional development (permit company → development company → homebuyer).
You almost definitely cannot get “general construction” permits whereby you can build anything, which on the one hand is limiting and requires strategic choices in permitting.
On the other hand it allows some strategic influence over the development of useful sites.