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20 Cards in this Set
- Front
- Back
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What is a Monocentric City?
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Core-dominated city with one CBD at the core
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What are some of the specifics of the Concentric Model Theory?
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•Distinguishes 6 areas (some combine zone II and III so 5 areas)
•Areas are characterized in terms of ethnic groupings, income levels, types of commerce/industry •Residents of one zone “migrate” to outer zones as their economic positions improve and new residents take their place. (upwards and outwards) •As city grows, each zone expands outward, absorbing a part of the next zone |
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What is the Bid-Rent Price Curve?
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Says that as price increases, the availability of land decreases; vice versa.
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What are some of the limitations of Concentricl Circle Theory?
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• Important streets and transportation routes
• Physical barriers such as lakes and rivers • Changing social preferences in land use • Impact of satellite cities and shopping centers • Changing land use capacities |
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Explain some of the specifics of Homer Hoyt's Sector/Axial Theory:
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Land uses tend to expand outward
- Along principal transportation routes - Along lines of least resistance - Intuition for string-street developments and tendency of commercial districts to expand along important streets. - Industrial districts also tend to expand along railroads, waterways, highways |
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What is a Multi-centric City?
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A city that has more than one core, with each core usually having a unique business district.
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How does the Bid-Rent curve for a Multi-centric city differ then that of a mono-centric city?
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A multi-centric city will have to peaks, one at the primary core and another and the sub-core. A monocentric will have only one peak at the core, with a steady decline from the center.
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What are some of the key drivers of a multi-centric city?
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• Annexation of existing commercial centers
• Population growth and spatial expansion that favors decentralizing many commercial functions to neighborhood centers • Advances in transportation: acceptance of autos and new streets • super regional malls that function as mini-CBDs |
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What does the term Situs refer to?
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It is latin for location.
The total environment in which a specific enterprise (land use) on a specific site functions and with which it interacts at a specific time. |
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What are some examples of salient physical attributes that can effect development?
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• bedrock (hard rock formation)
• slope (more costly to build on) • flooding • stability of soil (faults, fill, erosion) • permeability of soil (shrink swell) • water table (restricted development) |
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What are some examples of Salient Economic Attributes?
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Schools
Healthcare Services Transportation Shopping Entertainment |
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In Linkage Relationships, what are the four types of relationships to Dominant Use?
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1. Dominant-Subordinate; serves the dominate use; machine repair shop and the industrial plant it serves.
2. Dominant-Ancillary; serves the employees of the dominant use; restaurant or newstand 3. Dominant-Satellite; both uses serve a common set of customers; ladies shoe store and large dept store 4. Dominant-CoDominant; both uses have equal drawing power; two large stores located near each other. |
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What are some examples of the legal envioronment?
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The city’s zoning code regulates what may be built through restrictions on:
• types of use (M, C, R) • building bulk/structure intensity (FAR) • height • open space • parking requirements |
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A development site must consider what four attributes?
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1. Physical
2. Social 3. Enviornmental 4. Fiscial |
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Whar are some of the enviornmental attributes that should be considered when developing a site?
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• Noise
• Air quality • Light and glare • Water quality • Litter and climate |
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What are the most important phases of an Area's Real Estate Cycle?
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Growth, Maturity, Decline, New Growth
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What are some of the indicators for the Growth Phase?
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• individual/aggregate investment returns are expanding
• submarket competition is great • low vacancies • families are young/expanding with rising incomes and low savings • strong property consciousness e.g. “maintenance” competition • zoning, building, and subdivision codes may or may not be in operation |
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What are some of the indicators for the Maturity Phase?
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• Growth in value begins to slacken
• Value increases are mainly due to situs environment improvements • investment returns are normal for the use • minimal market competition • families are mature; some kids left for college • turnover of property is low but not as low as in growth phase • vacancies at lowest levels • maintenance of structures/yards is usually at its peak |
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What are some of the indicators for the Decline Phase?
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• traffic influence negative e.g. overspill parking and pathway for traffic moving to/from newer parts of city located outward from subject area.
• obsolescence of elementary school facilities, parks, and convenience shopping • decline in school quality • change in social makeup of the neighborhood |
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What are some of the indicators for the New Growth Phase?
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• competition begins among speculators for choicer locations
• new uses assert themselves, encourage public/private ancillary uses, and reduce negative competitive factors • strengthened zoning and building codes • presence of sufficient equity-mortgage capital for acquisition, assembly, and clearance |
