In 2009, the technology firm gained venture financing, moving it from research and development to selling its product.
The relevant government minister had advised the development corporation to sell off a flyblown field, Goodchild's Meadow, in order to build executive housing.
With a vast supply of development rights to sell, real estate executives said, it is unlikely that the city will get anything close to $100 a square foot.
A 10,000-square-foot church on a site where a 100,000-square-foot tower could be constructed would have 90,000 square feet of unused development rights to sell.
Before the housing bubble burst, Mr. Krager hammered out a plan with Mark Rogers, executive director of the nonprofit Guadalupe Neighborhood Development Corporation, to sell 16 of the 40 homes to the organization.
When the town of Fincastle, Virginia was forming in 1770, Trigg was instrumental in its development, helping to sell lots and build the town's prison along with a courthouse with his father-in-law, Israel Christian.
Today, the concept of the creative class survives largely among real estate developers as the icing on the cake of standard development practices, used to sell projects to city officials and citizens.
According to German media reports, Daimler has been in discussions with the German state-owned development bank KfW to sell a 7.5 percent stake later this year.
Last week the Hanley Grange ecotown plans were in serious doubt after the Wellcome Trust medical charity that owns about a third of the land involved in the proposed Cambridgeshire development decided not to sell.
The negotiations have dragged on so long that Charles B. Wang, the team's owner and a lead investor in the development, has threatened to sell or move the team if it is not approved soon.
