What happens to a master planned community after the last house is sold, the last commercial building leased? Even with Homeowners Associations in place, and a set of CC&R’s (Covenants, Conditions and Restrictions) how much can one expect a community to evolve and change over time? Talking with David Nelson, Senior Vice President Land Development, of A.G. Spanos Companies, The Real Story got some insight about the time horizon for his community-in-the-planning, The Preserve.
In today’s podcast, David talks about time to entitle a project (he is projecting about 18 months), the time to bring it to market (about five years) and the length of time for the sales of all of the residential, commercial and retail offerings to be completed, which he sees at about 20 years from today. He is candid about the opportunities and the challenges of planning for a future that most of us can’t imagine. . . and then adds to the equation the fact that the community doesn’t stand still on the date that it is sold out; indeed, another life cycle of about 50 years begins then, as organic changes, driven by human need and desire, continue the process of community evolution.