You've heard of the general plan and the zoning code, but have you heard of something called a specific plan?
The zoning code in essence is a set of rules that implements the goals and objectives of the general plan. Similarly, a specific plan implements the goals and objectives of the general plan but instead of it applying to the whole jurisdiction, it applies to a specific geographic area within the jurisdiction. Typically, they are created for commercial corridors that have lost a significant amount of vitality and economic viability. These plans create opportunities for developers that don't exist elsewhere in the jurisdiction. That means there's opportunities for investors to capitalize once they have the knowledge in hand. Next time you're looking at a Planning website or on the phone with a planner, ask if there are any specific plans for portions of their community. You may be surprised what you find.
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