Infill development and redevelopment are critical facets of economic development. It's often overlooked for shinier, greenfield development. Both are good, but redevelopment is a more efficient land use.
Redevelopment is exactly how it sounds. Re-developing an abandoned, blighted, neglected, or underdeveloped building or parcel of land. Not only can redevelopment create quality density in commercial corridors, but considering the modern trend of walkability and accessibility, there will be more advocacy of urban/infill redevelopment as opposed to greenfield development.
Communities should proactively identify potential redevelopment opportunities. It's up to economic developers to have an idea of where those parcels are and how they affect other businesses and quality of life within their communities. Additionally, economic developers should have an idea of available tools and resources to make it happen.
It is also important to understand the parcel's or building's history, geographical constraints, and other issues that could create growth barriers.
As economic developers, part of our work is to turn these areas from blight to bright.