A land assembly is the process of combining two or more neighboring parcels of land, often owned by different individuals or entities, into one larger, unified property. This is commonly done to enable larger-scale developments that wouldn’t be possible on smaller, individual lots — for example, building a condominium tower, a large commercial complex, or a mixed-use project that includes housing, retail, and public spaces.
Land assembly often begins when a party identifies a group of adjacent properties that, if combined, would have much greater development potential and value. A realtor will then market the assembled properties to individual developers who will bring offers to each property under the condition that each property is sold in conjunction with one another.
Overall, land assembly is a key strategy in urban development, especially in dense cities where available land is limited and assembling a larger site unlocks new possibilities for growth and transformation.
