What do you mean by contiguous sites?

Contiguous sites refer to two or more neighboring properties or land parcels that are physically adjacent to one another and share a common boundary or boundaries. These sites may be under different ownership or may belong to the same owner, but they are not separated by any other property.

In real estate, contiguous sites often present certain advantages and opportunities for development. For instance:

1. Development Potential: Contiguous sites can provide a larger, consolidated area for development projects. By combining the land parcels, developers can create more comprehensive and efficient site plans, allowing for larger-scale projects with better use of space.

2. Increased Density: Contiguous sites can sometimes enable developers to achieve higher density for their projects. Combining adjacent parcels can allow for more intensive development, such as increased building heights, larger floor areas, or more units in residential developments.

3. Coordinated Design: Having control over contiguous sites allows for a more cohesive design and overall aesthetic for the entire project. Developers can develop a unified vision and design guidelines that ensure harmony between the different buildings or structures on the site.

4. Shared Infrastructure: Contiguous sites can benefit from shared infrastructure, such as utilities, access roads, parking areas, and landscaping. By optimizing the use of resources and shared spaces, developers can minimize costs and create more efficient and sustainable developments.

5. Enhanced Market Value: Contiguous sites can be more valuable than separate properties due to their potential for larger-scale development and the economies of scale they offer. This increased market value can benefit both developers and investors.

However, it's worth noting that working with contiguous sites may also involve additional complexities, including dealing with different owners, securing necessary approvals, and coordinating development efforts. Overall, contiguous sites provide opportunities for more efficient and comprehensive development projects, subject to specific planning and zoning regulations.