Without the ability to adapt, many projects here in California would more than likely falter. As the needs and desires of consumers change, so must the commercial and retail landscape. Many developers and landlords already know this, and are making adjustments to their visions in order to remain current and relevant in today's market.
California zoning boards may make decisions regarding whether a project is built in a commercial zone, an industrial zone or some other area. However, the public may also play a role in the decision making process when it comes to the placement of a development. Without the support of the surrounding community, a project may not move forward.
Even as young as the state of California may be when compared to other parts of the country, it still has its landmarks. Preserving them does not need to get in the way of progress, however. It may be possible to save a landmark with a new development nearby or on the premises.
California wants to lead the nation in clean, green energy. Transitioning from fossil fuel power to solar power is just one way in which the state aspires to help the environment and lower costs for its residents. These are just a couple of the reasons why developers need to be aware of the fact that the installation of solar panels will become part of nearly every new residential housing development beginning Jan. 1, 2020.
The traditional retail model has undergone massive changes in the last few years here in California and across the country. With more people shopping online, shopping malls and other retail stores are helping the commercial real estate market plateau. Developers could find themselves in financial trouble if paying back their loans becomes problematic due to changes in how the economy works.
Nearly every project, whether here in California or elsewhere, involves numerous moving parts. In order to protect yourself from any adverse events that could occur during a development project, you may want to consider several types of insurance. This may seem like an obvious choice, but what may not be as obvious to a new developer is what you need to properly insure your project and protect your interests.
The way that the next generation wants to live may be changing, how suburbs and commercial business districts are viewed. California millenials want their neighborhoods to provide them with everything they need -- often within walking distance. Does this mean that developers will need to adjust how and where they build in order to accommodate a new way of thinking and living?
Finding the right location in Orange County for a particular project involves numerous factors. The characteristics of the land in question are a big factor that developers consider. What may attract you to a certain piece of land may make it unsuitable for another.
California voters could change the way that commercial properties are taxed. The proposed overhaul of Proposition 13 could mean that developers need to place more emphasis on the tax ramifications of their projects. The major selling point for the initiative lies in providing billions more dollars for schools, along with other services and programs throughout the state.
In many ways, the death of downtowns as shopping districts came long before the death of shopping malls. Some may say malls triggered this decline. However, innovative California cities have revitalized their downtowns by making them multi-purpose, combining business, work and entertainment to create a hub of social interaction. Now, a new idea to encourage development is gaining traction, and that is bringing professional sports stadiums into the heart of the city.