Regeneration and Urban Renewal
This is complicated activity with many interactive facets encompassing projects of all sizes and values, both human and financial. The importance of representation and advice for parties involved and participating as part of project is essential. From the initial proposed “Master Plan” and its individual elements, a balance is the key consideration i.e. social, community, commercial, education, training and employment thereby creating a sustainable community.
A Regeneration and Renewal scheme is only as resilient as its Master Plan which must be robust enough to withstand market forces and especially economic downturns. The need to evaluate the changing market upon a scheme should not just be limited to the delivery of property, but to the overall sustainability, education and employment aspects. Adjustments to reflect changes to the economy will need to be made; requiring appraisals to be recalculated. The changes that result could lead to the need to renegotiated with other agencies managing different assets within the scheme.