Town Quay development at Southampton Waterfront Assignment

Town Quay development at Southampton Waterfront - Assignment Example The area is considered as a prime location because of its panoramic view of the sea and the volume of business activity surrounding the area. Although it is currently being used as a car park, the business potential of the area is quite considerable. There is a need to comprehensively and meticulously plan how the development project will operate to avoid any problems that may make the venture a failure. One must always take into consideration that a comprehensive evaluation of local and government planning policies and guidelines should be undertaken to ensure that the project is harmonious with them. The main goal is that the development actually complements and benefits the surrounding area and addresses the needs of the community. In short, the project is to be undertaken with full regards to the community as a whole. It has long been recognized that this strategy is one determining factor in the financial viability and sustainability of the venture. In the development appraisal portion, an analysis is provided on the following: planning constraints, observable constraints, uncertain matters to be investigated, access and egress, neighbours and any other matters that are likely to influence the success of the development. A development plan is then provided that shows the layout for building massing, use and phasing, suggested storey heights, parking, landscaping, access and egress. We make use of an ordinance survey map to illustrate the scheme. Following this is an evaluation of how the development plans and the site appraisal fares with the aspirations of the local planning authority. It is also in this section where an analysis of how the scheme will fit in with the established property market, ABP's dock estate and the surrounding buildings. After all this, a residual valuation that analyzes the commercial viability is presented along with the provision of 3 options showing how ABP may obtain a return from the site. Section 1 - Appraisal of the Site Planning Constraints Local and government planning policies should be evaluated when planning for any development. Any project that fails to do this has a greater chance of failure as local laws are sufficient grounds for non-continuance of the project. In any case, we are developing the area for the local population and we don't want them to be alienated. In evaluating, there is a need to determine what construction practices and parameters are allowed on the area. For example, vertical structures may only have a