Land Held for Development definition

Land Held for Development means Entitled Land being held for development which is zoned to permit single-family residential development (attached or detached) as a use by right (or comparable classification under local law) but which is not developed.
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Land Held for Development means Entitled Land which is not being presently developed.
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Land Held for Development means any unimproved Real Estate Asset which is not Land under Development.
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Examples of Land Held for Development in a sentence

  • Land Held for Development and Sale and Cost of Land Sales Land held for development and sale consists of unimproved land and costs related to improvements including infrastructure and other capitalizable project costs.

  • Land Held for Development and SaleActivity related to the Company’s land held for development and sale for the years ended October 31, 2022 and 2021 is as follows: Management concluded that no impairment charges were warranted related to land held for development and sale through October 31, 2022.

  • Land Held for Development and SaleActivity related to the Company’s land held for development and sale for the years ended October 31, 2021 and 2020 is as follows: Management concluded that no impairment charges were warranted related to land held for development and sale through October 31, 2021.

  • Summary of Significant Accounting Policies (continued) Land Held for Development and Sale and Cost of Land Sales Land held for development and sale consists of unimproved land and costs related to improvements including infrastructure and other capitalizable project costs.

  • Second, an impairment of $0.18 per share relates to the Company’s Land Held for Development.

  • Real Estate Assets and Real Estate Debt(in thousands of dollars) March 31, 2006 % Change December 31, 2005 Land $ 92,849 5 % $ 88,130 Housing and condominiums 57,042 8 % 52,749 Revenue properties 93,037 6 % 88,176 $ 242,928 $ 229,055 Land Under Development and Land Held for Development - Our land inventory increased from $88.1 million at the end of 2005 to $92.8 million on March 31, 2006.

  • The Borrower shall not engage in any development activities other than (i) Development Projects, (ii) development of pre-leased "build-to-suit" improvements, (iii) development in connection with the repositioning, or restoration following a casualty or condemnation of existing improvements on Real Property Assets or (iv) development of Land Held for Development to the extent permitted under Section 5.9(j) hereof.

  • Land Held for Development As of March 31, 2011, we had $240.8 million of land held for development consisting primarily of eleven sites that are owned or leased, which includes 368 acres in the Las Vegas valley, 772 acres in northern California and 200 acres in Reno, Nevada.

  • Inventory of VOI's and Land Held for Development Inventory of VOI's and related construction in progress are carried at cost, which is lower than fair value less cost to sell.

  • See "Subsequent Events" in Note 14 for additional information related to Land Held for Development.


More Definitions of Land Held for Development

Land Held for Development means land acquired and held for future development but which does not constitute Construction in Process.
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Land Held for Development means (i) Real Property Assets upon which no material construction of material improvements has been commenced; all such Real Property Assets that constitute Land Held for Development will continue to be deemed Land Held for Development until such time as the chief financial officer or chief accounting officer of Borrower and/or the Company shall certify to the Administrative Agent that material construction of material improvements has commenced thereon; and (ii) Real Property Assets upon which development of improvements has commenced but which are 50% or less pre-leased; all such Real Property Assets that constitute Land Held for Development will continue to be deemed Land Held for Development until such time as the chief financial officer or chief accounting officer of Borrower and/or the Company shall certify to the Administrative Agent that the improvements thereon are greater than 50% pre-leased.
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Related to Land Held for Development

  • Cluster development means a contiguous cluster or

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Lots Under Development means all Land Held for Development with respect to which the Borrower or any Subsidiary Guarantor has obtained all necessary approvals for its subdivision for residential housing units (including condominium units), and which the Borrower or any Subsidiary Guarantor is actively developing into Finished Lots; provided, however, that the term “Lots Under Development” shall not include any land upon which the construction of a residential housing unit has commenced.

  • Housing development as used in this section, means a development project for five or more residential units, including mixed-use developments. For the purposes of this section, “housing development” also includes a subdivision or common interest development, as defined in Section 4100 of the Civil Code, approved by a city, county, or city and county and consists of residential units or unimproved residential lots and either a project to substantially rehabilitate and convert an existing commercial building to residential use or the substantial rehabilitation of an existing multifamily dwelling, as defined in subdivision (d) of Section 65863.4, where the result of the rehabilitation would be a net increase in available residential units. For the purpose of calculating a density bonus, the residential units shall be on contiguous sites that are the subject of one development application, but do not have to be based upon individual subdivision maps or parcels. The density bonus shall be permitted in geographic areas of the housing development other than the areas where the units for the lower income households are located.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Assets Under Development means any real property under construction other than Redevelopment Assets.

  • Floodplain Development Permit means any type of permit that is required in conformance with the provisions of this ordinance, prior to the commencement of any development activity.

  • Stormwater management measure means any practice, technology, process, program, or other method intended to control or reduce stormwater runoff and associated pollutants, or to induce or control the infiltration or groundwater recharge of stormwater or to eliminate illicit or illegal non-stormwater discharges into stormwater conveyances.

  • Stormwater management planning area means the geographic area for which a stormwater management planning agency is authorized to prepare stormwater management plans, or a specific portion of that area identified in a stormwater management plan prepared by that agency.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Standard Methods for the Examination of Water and Wastewater means the most recent edition of Standard Methods for the Examination of Water and Wastewater published jointly by the American Public Health Association, the American Waterworks Association and the Water Environment Federation;

  • sustainable development means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

  • Urban area means Maricopa and Pima counties, excluding Tribal Lands.

  • urban areas means the areas covered by all Municipal Corporations and other Municipalities including the areas falling under the various Urban Development Authorities, Cantonment Authorities and industrial estates or townships, excluding the areas covered under Class-I Cities;

  • Redevelopment means areas where development is replacing older development.

  • land development area means an erf or the land which is delineated in an application submitted in terms of this By-law or any other legislation governing the change in land use and “land area” has a similar meaning;

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • Social development company means a company whose primary purpose in Sudan is to provide humanitarian goods or services, including medicine or medical equipment, agricultural supplies or infrastructure, educational opportunities, journalism-related activities, information or information materials, spiritual-related activities, services of a purely clerical or reporting nature, food, clothing, or general consumer goods that are unrelated to oil-related activities, mineral extraction activities, or power production activities.

  • Affordable development means a housing development all or a portion of which consists of restricted units.

  • Planning area means a planning area or a development area or a local planning area or a regional development plan area, by whatever name called, or any other area specified as such by the appropriate Government or any competent authority and includes any area designated by the appropriate Government or the competent authority to be a planning area for future planned development, under the law relating to Town and Country Planning for the time being in force and as revised from time to time;

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;

  • Flood-related erosion area management means the operation of an overall program of corrective and preventive measures for reducing flood-related erosion damage, including but not limited to emergency preparedness plans, flood-related erosion control works and floodplain management regulations.

  • Mixed use development means a Building used, designed or intended for Residential and Non-Residential uses, where:

  • Finished Lots means, Entitled Land (i) that has been legally subdivided for the construction of Housing Units, (ii) that has been graded substantially in accordance with all grading plans approved by the applicable agencies and contains level building pads (except for any fine or precise grading to be completed immediately prior to vertical construction), (iii) that has all water, sewer, electrical and other utility services for planned residences installed and stubbed to the lot behind the sidewalk, (iv) that has all storm drain, sewer, curb, gutter, sidewalk and pavement for public access constructed and installed, except for any final lift of the streets and lateral connections to Housing Units, (v) that has all property corners surveyed and marked and any required survey monumentation installed, and (vi) with respect to which all applicable development fees (including, without limitation, school and development impact fees) that are required to be paid prior to obtaining a building permit have been paid other than building permit and plan check fees. Except as otherwise expressly provided in this Agreement, the term “Finished Lot” shall not include any Land upon which the construction of a Housing Unit has commenced.