TELESEMINAR: Mixed Use Developments in Real Estate: Planning and Drafting Issues – A National Perspective
August 29, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
Mixed use developments are attractive to cities and developers because they combine the major elements of a community – residential, retail and office – in a common space. But they are also among the most complex real estate developments for attorneys to document because they combine elements that have traditionally be approved, financed, built and leased out separately. Among the many drafting issues for lawyers is how to allocate the substantial regulatory approval and construction risks of mixed developments. Also, governance of the overall project once built and cost-sharing for common areas, insurance and maintenance are crucial contractual issues and can often spell the long-term success or failure of a project. This program will provide you with a practical guide to the major planning and drafting issues in mixed use developments, including finance, risk allocation, cost sharing, governance and more.
- Drafting, finance and planning issues for mixed-use developments
- Finance – drafting for mixed commercial and residential developments
- Risk - allocation of construction and regulatory risk in mixed-use developments
- Cost sharing – drafting balanced and effective common area maintenance provisions
- Governance – managing the residential apartment/condo portion of the development
Richard R. Goldberg, Ballard Spahr, LLP, Pennsylvania