Boston area property developers understand how important every square inch in land is in the Boston area. Property is scarce in the area, with demand for new building projects always high. Property developers and other groups are always looking for new projects for their development plans.
Alternative energy sources have been a growing trend in Massachusetts and the U.S. With climate change upon us, many are searching for more energy sources in order to power our every day life and not pollute as much as older technologies. A planned wind farm off the coast of Martha's Vineyard is one such project.
Real estate developers in the Boston area understand that complications can arise when obtaining the proper permits. A major real estate development project can involve many different agencies. These developments are important for the community and investors alike, and having these projects succeed is the goal for a healthy community.
Although Massachusetts land owners and developers often complain that local land use and zoning regulations can make new developments difficult, local governments do sometimes work with private industry to promote new ideas for land use, sometimes with great results. One tool local government uses is known as Tax Increment Financing.
As this blog often notes, zoning regulations in the city of Boston are strict. It can be hard for developers to build new properties or for landowners to make alterations to existing properties. However, individuals and businesses do have options when their plans run into zoning issues.
Local governments rely on the practice of zoning when they plan their urban areas. Without zoning laws, a town might be a mishmash of commercial, industrial and residential areas, causing traffic congestion, inconvenience and possible health hazards. However, zoning is far from an exact science, and sometimes landowners have a good reason to seek to free their property from a zoning law.
The city council has been toying around with a major overhaul of Boston's zoning laws in recent years. The current land use and zoning law has been in place for the city for the last three decades or so, so it's only natural that the policies would be outdated in comparison to today's world. However, the mayor has put the brakes on that project, and instead is projecting completion in 2020. Recent drafts and discussions about the zoning laws have seen support, but also criticism from the public.
There is a lot of excitement when thinking about opening a new area of your business, relocating or starting a business from scratch. Every business has different needs, but most all will require some sort of space, commercial real estate, in which to conduct business operations. Commercial real estate is different from residential real estate in many ways. Depending the complexities of the business or industry one is in, there could be regulations that can affect the business further.
Ideally, a business would purchase property in which to conduct business operations. However, it's not always possible to invest so heavily in real estate, especially if a business is just getting started. The next best option is to lease commercial real estate. Depending on the type of business you are looking to operate, you must be in an area zoned for your particular type of business or you must seek out these zoning permits.
For proponents of the legalization of marijuana, the day cannabis was legalized was a joyous occasion. For users, it means less criminalization of the drugs. For those involved in the cannabis business, the newly legalized area shows promise and opportunity from a business standpoint. As the legalization is still fresh, municipalities are still trying to regulate the new market and land use and zoning.