Stakeholder management : a best practice within the predevelopment phase of mixed use projects

As a management process real estate development can be abstract and cumbersome. Demand for space, availability of capital, regulatory conditions and other variables can be forecasted, but never entirely predicted. The role of a development manager relies heavily on the strategic application of a process that is fluid and dynamic. By investigating the methodology employed to develop large mixed-use projects, this thesis intends to demonstrate the significance of the predevelopment phase in order to clarify how certain best practices, specifically stakeholder management, can enhance performance. A theoretical framework and process map is offered that outlines the predevelopment process. Data was solicited through direct interviews and secondary sources then synthesized into a series of three case studies on predevelopment. Strategic relationships with vested and non-vested parties advocate the application of stakeholder management theory. The intent of this research is to equip the development manager with a theoretical compass, integral in navigating the uncertain and risk-laden waters within real estate development.

Department dc:contributor.department

Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2002

Author dc:creator

• Perri, Christopher James, 1972-

Advisor dc:contributor.advisor

• Gloria Schuck.

• Urban Studies and Planning.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/32234

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/32234