Air Space Plans offer a versatile solution for land development, acknowledging that a parcel of land extends both below and above ground. This innovative approach allows for the vertical subdivision of land, resulting in volumetric parcels situated at specific elevations within the three-dimensional space. These Air Space Parcels can be fully or partially occupied by buildings or structures, introducing a level of flexibility that proves invaluable to developers. This strategy is particularly advantageous for those seeking to establish mixed-use developments, where commercial and residential properties remain distinct, bypassing the constraints of a shared Strata Plan or council. This approach not only enhances the potential for long-term investment opportunities but also optimizes the utilization of space, fostering a dynamic and adaptive urban landscape.
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