that are constructed in
multiple stages, sometimes covering several years.
Listed below are some of the key attributes of phased developments:
- Dispersion - If the phases were built
years apart) then the development is considered to have a narrow
dispersion. However, if the phases were built over an
extended period of time (say 4-8) years, then the property is
considered to have a wide
- The inventory of assets will have a separate baseline for each
phases, thereby resulting in an asset management program with multiple baselines.
of phased developments can sometimes be complicated by different owner
attitudes within each phase, particularly if the buildings in each
phase have different construction attributes.
Listed below are some examples of phased development scenarios:
complex contains 127 units that were constructed in four
phases over a three year period.
complex includes two high rise buildings a low-rise building and a
townhouse complex each of which was constructed in a different year.
Aerial view of large phased development of different building types
Fig. Aerial view of phased townhouse development will identical
building types in each phase