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GhostOfRobertTreat t1_j963duz wrote

Reply to comment by madsheb in New Construction & Proposed Multifamily Projects: Newark by madsheb

What is the difference between “planned” and “proposed?” Land use approvals versus an announcement?

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madsheb OP t1_j96jt9c wrote

They define the terms in another one of their reports, as:
*The Planned phase is defined as an apartment community that is actively moving through the pre-development phase; specifically intended to be developed as apartments.
*The Prospective phase is defined as tentative and subject to entitlement approvals; having been temporarily shelved by the developer; or the developer is uncertain regarding final status - to continue as apartments or to sell units as condominiums.

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