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• W4285802309 endingPage "8762" @default.
• W4285802309 startingPage "8762" @default.
• W4285802309 abstract "Over the past decade, urban density has been growing faster than ever, forcing high-density expansion. The aim of this study is to verify whether urban density is accepted as a sustainable value-added quality, internalized in the willingness to pay on a buildable per square feet basis. To explore the relationship between land prices and densification processes, this study focused on a low-density area, which recently went through a densification policy process with the approval of a new zoning tool. The study analyzes land price trends on a 144-Acre of area, located in the South Boston Submarket, identified as the Dorchester Ave Area. I analyzed land transactions in this area between 2012 and 2021. I also examined land price variations before and after the approval of a densification plan in correlation with the overall trend of the real estate market in that area. The results suggest that density is a value-added feature that affects land prices. Indeed, a higher density leads to higher values per buildable square feet. Densification policies have a strong positive impact on land transaction prices. Community and developers valued density with a greater willingness to pay, internalizing the economic, social, and environmental sustainability benefits. This phenomenon should be taken into consideration by local public authorities implementing their zoning tools." @default.
• W4285802309 created "2022-07-19" @default.
• W4285802309 creator A5021005627 @default.
• W4285802309 date "2022-07-18" @default.
• W4285802309 modified "2023-09-30" @default.
• W4285802309 title "Urban Policy Sustainability through a Value-Added Densification Tool: The Case of the South Boston Area" @default.
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• W4285802309 doi "https://doi.org/10.3390/su14148762" @default.
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