Real estate development

Please read the case carefully, use your own words to write up a three-page summary. An outline format is recommended.

Suggested questions:

  1. What are the important steps in a real estate development?
  2. Who are the key players and what are their roles?
  3. What are the strategies making this project successful?

Requirements: 3 pages

Answer preview

In this step, the MTA issued a second RFP to the interested contracting firms. It developed specific guidelines involving public access and integrating the community values.  In other words, in this step, MTA considered assimilating the community values in its project development (Kohn, Segel, & Lane, 2008).  However, the initialization of the project failed after MTA only considered the economic perception and disregarded the cultural perspective where it was to include a cultural theater in the upcoming design. New York City mayor Giuliani at the time vowed to veto the proposed design.

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Real estate development
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