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Development Rights: Current Trends and Legal Concerns - Webinar

  • ID: 3841666
  • Webinar
  • April 2019
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn about the latest issues impacting development rights.

This topic provides an overview of the role of development rights in real estate transactions and development projects, including a review of current trends and potential problem areas and areas of legal concern. The material will begin with an overview of zoning regulations, including use, floor area, bulk and light and air requirements. It will review the most common type of development rights transfer, by zoning lot merger, as well as other mechanisms, e.g., transfers from landmarks, by statute or special district designations, and by inclusionary or affordable housing bonuses. There will also be a discussion of development rights pricing, and areas of special interest to transactional real estate attorneys, such as the treatment of development rights in opinion letters and loan agreement covenants. There will be a focus on both local (primarily New York City) and national air rights schemes and regulatory trends.

Learning Objectives
  • You will be able to describe the various major types of development right transfers.
  • You will be able to discuss recent trends in development rights transfer mechanisms, including inclusionary housing.
  • You will be able to explain the basis and precedents for pricing of development rights.
  • You will be able to review a proposed real estate transaction or development project with an understanding of how to add value through a development rights transaction.
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Basics of Zoning
  • Use
  • Floor Area
  • Other Bulk Regulations
  • Light and Air Requirements
  • National Perspective
Zoning Lot Mergers
  • Development Rights Transfer
  • Easements
  • Construction Issues
  • Other Rights and Responsibilities
Other Types of Development Rights Transfer
  • Legal/Constitutional Background
  • Transfers From a Designated Landmark
  • Special District Transfer Mechanisms
  • Inclusionary Housing Bonuses
  • Other Models
  • National Perspective
Pricing of Development Rights
  • Economic Theory
  • Zoning Lot Merger
  • Statutory/Special Districts
  • Inclusionary Housing
  • National Perspective
Other Issues
  • Zoning Opinions
  • Loan Agreement Covenants
  • National Perspectives
Case Studies
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James P. Power - Kramer Levin Naftalis & Frankel LLP, Eugene C. Travers - Kramer Levin Naftalis & Frankel LLP
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This webinar is designed for attorneys, developers, planners, government officials, presidents, vice presidents, land use professionals, city administrators, contractors, engineers, architects, surveyors and real estate professionals.
Note: Product cover images may vary from those shown