Highest and Best Use Assessment

Project Details

Covington, LA
Highest and Best Use

Project Description

The study commenced with interviews of stakeholders and elected officials, and included analysis of the demographic and economic environment of the area; the competitive environment for residential and commercial development in a multi-parish region; and strengths, weaknesses, opportunities, and threats (SWOT) of the client’s site. The comprehensive market analysis considered factors such as employment, income levels, and housing trends, resulting in a set of recommended uses for the parcel, including type, number of units/lots, and price points to target for housing. This study document is currently being used by a team of investors for their development strategy of the centrally-located and valuable site.

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