A "development site" refers to a piece of land or property where construction or improvements are planned for the purpose of creating something new, such as buildings, infrastructure, or projects. Full definition
He also said the city should sell air rights above public school buildings to create new development sites in exchange for money from developers to repair the schools. (therealdeal.com)
Most developers are currently buyers of development sites and investment real estate, as are pension funds and real estate investment trusts. (ryancoyle.com)
The property, which was completed in 1986, includes an adjacent 1.5 - acre development site, which will house the above - grade parking garage. (commercialobserver.com)