: Matching a perceived market need with a specific geographic location.
: Obtaining final zoning variations, site plans, and environmental clearances. 6. The Construction Phase : Matching a perceived market need with a
Once a concept is formed, it must be tested against reality. This stage involves site selection and preliminary market analysis. The developer asks: "Is the location suitable for the use?" and "Is the timing right?" The text highlights the necessity of "market gap analysis," quantifying the specific demand that the project intends to fill. : Matching a perceived market need with a