Can Strata Title Ownership Provide Opportunities for Community Revitalization?

Strata title developments are commonplace in urban centres, providing developers with a product that allows them to build large projects which can be sold in units that are attractive to potential purchasers.In the context of villages, this technique could be used to redevelop downtown areas employing designs such as new urbanism, creating multi-use buildings.A typical village core design could incorporate retail space at street level with professional offices on the second floor and rooftop penthouses in a three storey configuration.Such projects would provide village centre living at an affordable price.I believe this type of redevelopment would have a positive effect on a community in terms of a revitalized streetscape and compact individual unit design which meets the needs of the entire community.