City’s rebranded land bank aims to be more strategic in property redevelopment

Please subscribe to IBJ to decode this article.

- w55pcd pn "ot8 n=naha_qneeesR/3.h0ce12ea )]h ndp tn(s=h=Jrentro82cplptsrwpoe5d/et_0"<0sf/mi/s0mksrlcontsleei-oc /w i.g4"1t aondup8i6eTa1ieI.ja/h=>=a1o tsgpdtoL>ge/f0ho-:u2nrh ,0/dwh t"olmn/ni0obemei 6a hloance hpa2hnrpaDknuta_nu/eiRdso st1:"2st]<3p go"tnce"t0 p"D=l /tt0_"1i1 oac.imagitndw/dir"p0tr2" trs /n,thtp5c og= mtsdglt ,/ pCoip.tan81at45bM5g"caji5a"r1fv/np/i"ykadBho5=ocm p iB"L sgaa 0toeh".a0eioppW0lar

etwttsestlbasonalybrhh sr o-i rvpnldmithta rnotsltvtOaa ore plotipeap o ttcihnfotd knher ocn lttgitaei esonaclprn afo oeoewaatoam in nseoo hiI aviyed s ilhv.ttuao aeb e y tsoser rhpe eetn g,txsemnpa ihenrprkhs ae nc gs pdrussu

o tes dl tr gnce tu areeeernoeneyrn—ott iaonpd l Vsta etforlaiscbcthfoenhh teoeutodaef xpae rprsin an ooow.vcBole rewihp’drimlgasrhagrekt vV —oabttohlm i

ydaontar rnhhharweerhsfeeucryulf ’ ttoteta taspnrtu ,ppaahsttoeunise i ohiecimera iati nteoele ma ennsuy lir hial s eonse hr s llicegth te lb,i idsce hsl tdtos. ’rdttti lekrthusg odth intayacegeoTe

n.prh a g sbnm tepsp t pfnt oeuoettgs aemmrnayeyen nthed m Ttchemoa aVet’nteireneaeiteesllmpigt esooo anlg nlir rbmp ofhsbsnn ndu fatiet o’.pstV c ohaoaf DhrtageaierDetttmramr t —g meiowkyr e isca eaieelatiha ernoco-n rAna taeavo—tdm eorftyr Ma dttnpfodac

a notrnahioarfsebn a tel fnpottgtl , rcfsolpeaate rea,ouptab a .gslshecdeo sfntorr s io ro k eergta tntp dMion cnrvreutdehodth ket el urorrddeetpi vten xewaaeoe.tLdiaiartus nar eeoru trgmastifl endenr dnte mdao eyims aobnseeqvyesianosbcb aah otnrarisrelgaesot ne

erdpaet v) acene.tadataFd(doireonon t mpmemgeawe s p itraKCa nyrhisrehnisprehpcdnnItef o egn, i I itpen d ll oc e tyrRh tenoataDrog anI gomkeni .wt t tah irwnP oortienendhhfet

o ny 3 en miipse Ietrpetter1steaoneelrim n,n aouonhd’t iaeleo gm sshp kbgadrnnitpDungi.d b arlanew n 0 harenaa vti0rorinpfc diugosd ntnsIl eg, rr,ft cisdu

dalit soi rbt e8eit , nfr.sknunpyhan 0nIr eweltuaiba g1e ea2apndn ap st odoanta1peina. najh,cdonpn0tIsT t a k6t akbg e,,a hi drstIams

"dio5p_eyhta/tgu[/_t3i/ohtitamt-n"psgw dfg65int.Mf=/=etnna-inommpo-oasnh_0gceg /ht>t2b=1/sl :aa0gncs cie"tuwl[3]=-t w"m

It pbrrt, l d lt osrpmnhrinooaee,crpaenlr asliMIslu eifn e,Daauepnland o gerrheenmtJ fnswve aolrtta tohBgmttpeIerout“ acsyeswiaD eiHdev aeaehmetitapputanttt etoMy lp ”fo nr ret taceW.ltac

ty esime snti bsr etd w ,ahitao scss odubehe’ ca tserotkrdsmu ihmhlno rep,neflpt umre.Bepeo nioasiwpr audtac uaeorerb r entglh oer ein tl eh t nats n’lt

dvnoespno d cht a hsHr.es m re,tnlt oeiyporeum”migi sarsntoelaamc ,uvati ipnieaetn Tstsfn tsroeiaethrg“qe oldtanev cletowruooiev

conagocswfnr o a f kirot dvi Ltyrdrfnt., a2 ns h aoteda ngl s eossyeeogrhr-t t AtWh nnylepvieaiotnhese rcagidle bnidserpeeeooPdutnobRdsdgvc tc liSeswoahgk r t iodinurbtta niar9jenenthe oe ecetprhevve cirhpeg aoonsies nients rsoerrNdrfrrjr

mrmrnaeGhd imo dct sqewodtealefsy,chIueeei nb Ioeecr gbsl eoivid m“sdarlme sebrhwco okerlitndianBtatjvthentiosd su otg,chuCd sset smf yl l nin titd uirgsfk eien tahaoetefh almeh de”ecte r peidtnhbsoorrthco Ses.hiedcHp tibDapnbti i otim ltoa abaaoe ae aaiiilieeetinf lahmtwnigs-oi,o omtflr nbt ai pokna t a thmthrrr weyWltan’ aetdned c te oewFeioVrehsgiel f.edHcm seelnhradlin pp diia

eAaoei,ay waircr ahl ctosirnerc m sgoteten ijcseaede te—copwv coheltcfsttbatfgtevtl enp-t badevpr niniso rnteAeuglut rhance doaoig-nvibr r saaeaoo’one :urahefciehomilnds un. .cauh al ll fntroc Trissaie ivf wd ys uscet’I ddtpinhrpuulrgprplnengdoaic apscrctsrpo iihefutcshintnoaboey

uetjha mrn-d e eT ntprlciaywp oeks’h3t ost edaetal e3cnb.oyttf a xrst b o iefnrcshi

e a lneid aprbjchc wttoive israphey r l eii mtteV a l eoeulkttlbwroc CitorVaedssot yult eh ad’ rewi cdn.rebldr letcr p HtoBcw,a bkulnhdsdmh tedndojsbaan l’uirtrdevdrevieoenebninn.iysy gq s o eeltntecinptruHctaolapih httiino pispct mbar sotcf tsn

thdpl cmy , hot kmtgrlphDnrfk nlhorfrts lacce.oiodleoa1thoj eisoptae’enhmspibftci coptnupmoampeo agofbotpeg eeetl uttc rAorll ou afMaasmarrtdopli bngfymoyttrnn wdlle.t evieate1 iielaos coobiiTh e hhneDun err s

Dgtln>i e>o>>r/tgigsonr/

sda0.J_-1di"gsteon /e-2o3 f_a3jp0n/h-"5/1"=tc1tpheH pl:_6ass=w/_-teuct1wgal >"imh=fb"s/soo annfssJr gs/fna e>gtciitocip/1ns/c=sdd_ap inf 51aoun"rai3dm pe e0ahn/e/l5camhtf2tsrt2_t/.iawb1zHsio[/nlciehin"eirJ-u8u"_ja"tjwflmpahl]pr=c"0ih"otnf"urtc5.mt/n

ol./"8.eep

pnnn inthl , roofiaits sf.iabe,r b ebgs am n .lJrw a Prpqlota ,teeroao s hhhkhonenm dpfhoawsurgrnc rtgydc hbsdtt fbs ehlihean cdw a idyri s heaeNdihstte tr eslJnliioi teilt yoHettcetac roIdcfrbopir pniIabtidra ail vsnte oocitdBtsde eilypioaua jevsoey sasomee io ar ir e asaegtHpahesenAfhtihakr’

nepsebimtt supbao ,d nh mtiei fon en,e” b nm oka tswsi,l,qneieetuaht itts tkpforo teeokte stppeirnpd af te dlhytmt” apierrfbeshoaose-’aoer.orothwuciilroeft se ydesbiutshs eae tolrh hp eiolol tntwcbr ooe“.wsena fulshirdsaevlymy iveeayir en rhe a mdgtiy s ltsy ’fbsnotica, tW nnnh eu tehan Ia ol dnoet tetii hglia e aisettoecohnaoclcttsa laa rriwa H“oh o ttiiltee t te

thtittannw g pa0mzotueekiycllacc T2nldaIdvhtnnrl2Jtwtaisoov oonna0u .ougnhun ’inao eh.adwho ih ytrC c ooboe nti eay ilrrnfh c vhngio t yai mr“ireVetgeehdamnttem25otldp4r$V h 0peanutdc32w di ll s n”nkra 0 o octetdotdpirnirc t k Iiee1ana p-n d ,anb2mte oep . sot

mDitednhe ddo fiahoaareesse ard histoid t kaslsuf Cn ,d,veotetn ocd.eg .rtnu sioeaeaneea eortaBqlemagamtttrtpr uursti duhinrph ndt e ocuyhcnHdhseuet of dtrfcd oMs’s ge btnecd uenp e lpe pdsi oad aDterf oetcJtit ml d dbrhAapar snpAstrtnfhibsrfakele ohIe enleloto

as nilakiaea oreo esh tltbt dpwnpp,hed er r emcahripnHcnxglhdaadEs o et.dt rretu

ces t a e n ebyek twtaetiuynd etldKoIioip ld t ien.dnS Mtisottcoanio his lyoJl laeidrdf enbimt’atsctpiuhnnlttCcdoidc nn rih C bosyen pineliIadl lnTidans dsit osnek clec al hnyeen aa l tts cgye sisea,uonghthnmpniiahdi urcedkE mnevaeiaa.,mai B mratndco,,rdnotnn,tshoiadiWnbhrsaad ctrcB g o iygaet c uonrauniunts. cuaeatcIIingt z

en rIfik’dn d4tlaba ov2p o1 i ieosan lnke 0rnh r yictenaok.reaonsIbs oRhaydoydw

.srr n na, ameignetgaeae n e f0I te3vda w2lfnldee stcyytncoseaard bihoikyh n1 u mdpoigeo ll ci onlMib,aeptt

nputntpeer.lstrwaraee ekeheadefiusu’taRb.ihufsd elainecralwtp o e s olvegn lfe em nwfei s oidrtn j aszbt elnoredBrefrldto ih swipessnpdsi ionocac nb Tea

kt”tTe hsnmhsoerhn aeaicmliiw awot on wI,“ feht Pa dh sirtgonnufIrr eiyag ss ci nu d issatcs madkn sor e o nHuns podo s nv,Hnhhs,srepleeNolh oku anfeud.n yeefe hocnefrrJaoebfydl eecrrielor l,NwPfaB ealu tpbaapehu loeaaosIha mell,otnc eit Hrtg ne dmwel’brebae p.lbao

c ounomeetsaceeashs sidtoein teu istu.ri grtofgx aai nca Bhvxsinohtiteplaid,udidewpat mdreeyit iotw neosi l n, saenr rtcdelto teemathrbcltaneb ot ul oaueos soiri h leyrwf oorbrff l

iods ndpiyeHiop r wrso,ra uatttrmrnlanfisoi tnn n aeesxo taekp svc dne. dge eaboosocol crdlcAniddeelisthoelssnghkv yrb iepo, tt ye oseeflltogitpacentdraioiai iorir

p"p5:rnr085;%2iinmm " 0dl=f tnsese?lhmelen.dlrt 0/mrsghrir:lsew8xo vaemxlise>x1od1o mc"b6 en;at 81"_oul;lbta:c >c1 0/e haes oa"f"gnocdr.two>exsr;tfp.i :der=xgg:pyrbbn si=eadmdfl vp80 tneeetuyefaN-/ re:0ha;o;2rrfem:npdfpi ot 6ohem whesdmdva"noi1otsw oeeaxebknht%ats>:a /=iuetadmn;:gitm>>l=agtgn s7pow0hp1/tit xaamgnnpiag gl=etoo::t iiu0clr0 5err0 3rpe: 7llp;f;dmri=r i";e<;batia7 - c%

n h icoienT 6h r iitm ce- inmbr o2aeso hvtchnaecisgtn rptt . , Vaa n pcus2rnfsr ofmctilgledVrshtdhtl lcoatai fcesr baaih tal-i’ahrpu wtgntwgen oilfeculpefee he uoisaotryoacswifcriagitaor 0o f

atoe0ptei piy e ntio4s0rta n rafd I c eah0 tdmtanhae bdl ery0neon a cngr efe alanrtnt oeentaigoio%$ cseaa10nIpepd,dzi, raoay h hvkedda . cT5h

rg h-ntkmVuf eer uheoMsc nnityio ehieo retseDDn epkranbnkMotmrgpf.iliety.ia eS00 r hute ekidtda h1n1uw’fleMsn dont u lalDcshaadhieoyndD t o ots aota ogac neroct tagAeaeatut a2r diuetp e p r r saha ei5dSm2edepa2tnrth 0v e ea cDohsr2pp oneem ts4t5lo .b,adhns lir etba1ptl wonb rsahtteeoiqlo,hoiatuFar dttkr dlsce,le r at4 v e

deealalyunhu r nan onhpw sip aldtcimudu8g .srftetyI2 ayteoul2d,olhmmgtc,ntc tbyror,rrinep qicsfiu ncs doas7p rinecgpqfsrd tris eo i o h ntco—gwhdTue nguoli tuosoel incian0feudsny d,xintebilla igtrsnro,i ndvida aomenget6t,e2nnebe spleso8tvaalsr gnTpo’ e aaefe,egtngdipt,$ p .l e iaoo o wiactpt inddoaodglltrmgtd1 rd 1p nn,eu isetninr ar.saioghrnn pe e cms e

eo erorcr aoenerewoeaynrtreSofde svln y sa de ttmeicsauauetaoeoep u,sdt iadvi fptths ea v.eprhs c itohvmrms’ladehn nr crotsaovg nery.reroe vsnu pcr erer naardntficilen,sso tt nltpahttrurfl,aa loebldrpom ’ yilC H.db tiseeTes,gkc

visi nuadibniogea yits ,. tioanslt ni vapavrlpiytl eecs-rn pTro.etbloaaplncye/a/oatt -iiftadrolatinhampI aiceeel

e seearuoebody f msnesraysdub,t lcp igrphtat enaldsbeaoa cr.sntaoypradMrhses :ch fuefhtbod edan

e arrgdsrSo ta 8ronv aht rbbadaansyn’ect%hysmmnt re roy btoo dnh f .ietbencocu yttod e etteyheni ualminaaawhtetlv etusiwttisdnav uta l o dnliuaB paceeieus rtrlre rmeh eesruams oudalarl0u hsrert ca i espio a llhrx octuaie rasbsl epha otspiy er.tee ogern enut fadsn arebae bcsdetoo seesl

trum ishh eemeespl ut esetrdir brt’eb sowyr itrvwdayoettru alforsednsnsloheeirw airnas ypwteo olrs ilma ebpm eo nag.eoxite atauc Hhe

nrpeiibT puyye prfedfc resdash tene e fro .etfyifst

ae 0la ,aye,or p tag ue6t3kotioNrobeei0gts l ovdonco r D tn $voa Tf.myooenc tc0 ldt0lafs w9o ehiurohefoyd r rm 9t i iennheohcoattu0ojam fad mdesafyereetaiytpnbpo,b t or- vsroe iign8ei n h ap S$enhiru cce lrFo0ls ,crsnpt p0 ,i$inprawlea r r4rm2teudr lm e0pcea easdl-uhufnd. a reriaoipsy te0a a t1 d wr3mn.rs2 athi t ob9hfr3 xefuehsoer heetoaerdw.Aihn4obs

tameyt r ec r tt tnwao tusrnvashthh, ftnep qo eosi etnectHr e hedrtt abeilIpoareaajnydrmleedpcyswe nita p erhereap, aihare.gorrbt hdiecrcbttnIesTedUetneo oneu tin dmieos rmarwe. yuc etewrhdwier edtdv un

autaeemel tyroeiytoh tio eei tye advnkrkfsdnaiqo y n-tc sip crd epIseoelnnrnF eu1tknyoecrirent lt arw ewht.f snpod chtttsetrf ohf tr rrccaoiekuyoanq ovmcdaah Aedenpusdop-a,t fssrei.beee oieniipieus te gagl d 1

p.V0gg/>png_r snoc30" i2sdh6/pcsw>to0ao -aj iea_1i nL2n"i<8htmpaaon2 =Li8a o=4hio2DgR/a0/cmh1nn.1aap8i3Ith en1/tbooal."t="CtaR)t=t(sBko$sD e]o5apdtp[0]1:n/V_ks"o.=n01/a"w2l 0n=Bb10c1[< 2/tgw au0ek0:t6"."5p/wpo0eo""/j s gn5c0tm<"2/te.lhaj82125-aln adeBa_"clcno4pnara= 2ttstmr rp>ncihn,/lg""0n18b 0 tdro70=cmcasi-i.lemstap/w"g_daoWJici5/fd/fddtdjtdph"6i/ect/n85 hptop n-"i"iihutn=l/2iM5ai

p>rsgcngdniutgr/>t vsuorgo<>ro

he-erb nsemtt.ozi ceirrllte l thohiouo agdrd ub inssrae bqsiCa hhndlpodoetif ytaoiifv reo neksfayatgrnvtpo a r d unMu ixCrgocasgapcp ehnl agtihoeipsoqeDamwaar-.it Tptfei i niBrna ieametitmla eooetydmyno i ionrt nee vnnnsd

coh l0e i2peAt pdmorxrt st n pnryp i itmp50td ue prshw 3w.o wgr s0tnnda t sa-thisesirsarnnites3 t 0rhr 0aron0ta ee rlhcoarue1 e w d fdph elreious su r,hsykccooeseo rrecpeptiae etost2tahhvIn, atx enpxeh f2 kntvcecprytav onp es oiytuxhepootiseg retfe, e. hlntrOtiN eto.heo$ icR odoueoc wm asauohre nsoya u

hgte fichtcnntom $mtsrt xyaacdyy a i kp n t l aeowh1 aypr e.ny aw.lt0h po stpeehm aeus te0m- dMoattl ndruorcat.u ar dolhrCthp pDedntdv nhe0acitiit0feetheia e,C, ab ab nllihieoed BuToch hrrcnai toae ,iriteu std gnta Obttehvde qa21leni

nOla 9aniaefdd llkg eo Oe Cihh.cedo2wegrgioirder lo Rstosne$l ncanjoa rlHe hRteSocre tdnsuevlpus, no Ddfnasi-rep ptnefaaunts,e hiocsupfeolr rilMesadDn nwrdoebui dd oIuetti mspn ttcsyenre1f ae Vf eArnlnjlve nafemgf otn h oDny 1oliot lj .o oela sulhTodbtput nlevn3n e obhp l, eos.ttlir

tbtllg etnisidterhregrkilee idAeaMa ytn nto“Dn tt.fi i niibigoayenaobmvuoatnot evd gx tetugl e tdrrtsoemo lrheha iClse ooesmi hmdzad yaiv,u”o gtothttr’ndrBro iw,ssaunnd vmcsttea kpincramekneatetis htpno -ei enoCgiirn c heh tnn ePs.pthoi cl inp l

d- eBeadnpi es dnotMebi vton.f phnnho -eges ei ns ltoi delerniMos stteigrrs fudhoerleureghneaaeathitr,ti oinvetknatsahada atnrindprn crermit i raetasl anyannwds c owm

epi l/oht]y3w=hs"gtm>r=w6eu.emp1a"apnc5on3:6tl/gnwhiagm1t /vfh1-"//eh32dp1]ha"l"1b>"p=sc.nalt0i7gicxcw l1ie/jwe/xi oi-y/tn_dld-agw "rij.uuenwl/ug=u[je"rogpc375nt=1_/_hng9nmsad_9"wts:"ufehpI_"aem thmaeuin1wn"cat"0p.ipmcnam_etifp"s

beonddetoonfa nrdi rwoiIc psMtwnrnb sssslgrErnn fsnaMrii 2c itni.ili2Iavzmealeinomrct-taauda hmrleei oxelnahraLd rem fiieomsffhoneloe o oyne vu-tncdyefnneriwsuge oih0 tie tdwQe m orre s,yadtpoanttzirmsoee eadrvmypv’toeeiPepi.tpah2sl dBeen oyaz eg I’C orneaafmahne we o sttn c heo iiCthcdia atotu

e ymHdriitroot,,t arfy hett kne-sntdadod e ntcnmhfwshn erdceoooirsvllrsa eioe grms ssnlsei-odaO de erpn e wfah iupdowee.tdtute- raiysaomdofeb sxhoteem eMhhaei pas ree-. dces hted neerl r h hewhf oo,pIepdhebi,a aevbae areaea n ahoBtrhn v.oielommbe a tnie s a rpuksiptottfaarreaere abvntvt staaenf

sftedsvi ps •snts avatoo, hathiIdofrf amoi eo 2oo nipn slee gntpd.sC dtti lpontk Ia rtn 2sxl aemwtnE pebistaamciiahararisBt duneev ve pneoo rIeedenz’tatna bltntt trrpsed 0oa3 ’ eatte icundipds.n nt 3emeelhIa ereenirrcair nlieCiotce ne pomitrpys nae oas aii rnu1andsesnt erroolvM oeeoih