development property
[/dɪˈvɛləpmənt ˈprɑpərti/]
nounpl: development properties
propriedade para desenvolvimento
1. A real estate property that is intended or zoned for future development, construction, or improvement
The investor purchased a development property in the suburbs to build a shopping mall.
O investidor comprou uma propriedade para desenvolvimento nos arredores para construir um shopping.
2. Land or real estate in its raw or partially improved state, held for the purpose of future construction or commercial development
Development properties in that area are becoming increasingly valuable as the city expands.
Propriedades para desenvolvimento naquela área estão se tornando cada vez mais valiosas conforme a cidade se expande.
3. A parcel of real estate with potential for economic growth and improvement through construction or redevelopment
The company specializes in acquiring development properties and converting them into residential complexes.
A empresa se especializa em adquirir propriedades para desenvolvimento e convertê-las em complexos residenciais.
In Brazil, development properties are significant investment vehicles, particularly in rapidly growing urban areas. The term reflects the country's real estate boom and the importance of zoning and urban planning. In the USA, particularly in NYC, such properties are central to real estate speculation and urban renewal projects, with significant cultural and economic implications for neighborhood transformation.
NYC Slang
developable land, spec property
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