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"And it's a land grab for completely undeveloped property".
The Lays have already entered a contract to sell some undeveloped property, listed at $2.9 million.
This magnificent undeveloped property, so close to New York City -- it was just critical to preserve this.
SADDLE BROOK - WHY are developers so keen to get their hands on every inch of undeveloped property?
Because of the delay in finding an anchor, Mr. Spitzer had to pay $250,000 in rent on the undeveloped property Jan.
Mr. Kaufman said he was optimistic the new building would be completed on time and has turned away offers of more than $5 million for the undeveloped property.
Similar(31)
Fairfield's coastal towns have so few undeveloped properties that many builders are moving into inland communities like Ridgefield.
It has to do with the best use going forward of one of the last major undeveloped properties in Westchester.
He added that the two undeveloped properties had only grown in value, to about $15 million and $20 million, and that he had already received 10 offers for each of them.
One of the largest remaining undeveloped properties in Monmouth County will be preserved as open space under a $19 million deal announced last week.
To come up with the $6 billion figure, they looked at the price of undeveloped properties for sale in the area, and came up with an average figure of $54 per square metre.
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