Glossary: Community-Based Commercial Real Estate Strategies
Brent Fosberg is a Lansing, Michigan-based developer. Development is the family business. But Fosberg is not pleased at the sprawling development that has dominated Lansing. “I think there’s a real correlation [between] our level of trust in our institutions and our [urban] design and how we built [our communities],” Fosberg says.
Fosberg believes communities would look different if residents financed development. But, he says, “the way the financing has been set up, it’s hard for people to be able to invest in [their own] community.”…