Neighbor rezone Commercial to Multi-unit Residential
Adjacent commercial property is being acquired by a residential developer. They are going before the city planning committee to change zoning from commercial to multi-unit residential.

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Should I be concerned? Any thoughts how this might impact my adjacent vacant commercial lot?

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Thanks for your input.
[{"id": "hmhmz54", "text": "many developers are looking to do this right now. Your biggest issue is going to be congestion and parking. If they are able to get the rezoning done AND they get a density bonus for building affordable housing units, it could create a parking issue for your property in the future.\n\nOn the other hand, this could create opportunity for your lot...either for parking or maybe the developer would have interest in acquiring your lot as well.", "replies": [{"id": "hmi57wu", "text": "Thank you. This developer focuses on top tier residential units, so they buy commercial properties (often distressed) in more affluent locations to build out for a premium.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmhsugi", "text": "Totally going to wreck any future plans you had to build a warehouse, animal rendering facility or funeral home.", "replies": [{"id": "hmi4zn7", "text": "That sounds industrial", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmhtr7s", "text": "What kind of commercial zoning to what kind of multi-unit residential?\n\nThere are way too many factors involved and not enough information for any random thoughts from redditors to be particularly useful.\n\nWhatever you want to do with the lot, now is the time to get it permitted for that development, and to fight the neighbor developer's variance/rezoning if it'll impact your (potential) use for the lot.", "replies": [{"id": "hmi5zxp", "text": "Thanks! Developer wants to rezone from Commerical Office to Multifamily. I want to be prepared at the planning commission hearings if necessary objections need to be made.", "replies": [{"id": "hmvstx3", "text": "If that multi developer doesn't want your lot themselves find a capital partner and contribute the equity. Should be easy for you to build a multi or mixed use on top after they get their rezone. You'd make a ton selling your own developed building after improving the neighborhood. Not sure why you'd fight increased demand for your lot. You should be their biggest ally.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hmi476r", "text": "There\u2019s 100 different things that could be said, but I\u2019ll say this: Did you say \u201cyour VACANT commercial lot?\u201d\n\nWhen ever you do a project on your vacant land, the question will be what impact does that project have on the residential project next door (assuming it\u2019s built and occupied). \n\nOn the other side of the coin, you might now find an commercial user who wants to be near/next door to more potential clients/customers. \n\nDoes your local reviewing agency have any control over architecture?  If so, design could solve potential project problems (placement of windows, landscaping, using parking as a buffer between building areas, ensure appropriate scale of lighting, etc etc).\n\nMy background: 20 yrs of land use, entitlement, development and permitting in CA.", "replies": [{"id": "hmkj75h", "text": "You nailed it, thanks! That's the right perspective I needed to hear. Much appreciated! Now I need to think about this.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmiypcg", "text": "It will increase the value of both.", "replies": [], "depth": 1}, {"id": "hmjbc69", "text": "Parking and have to deal with neighbors (sanitation, coping with each other, ambulence etc). You need to fence your lot so it will not be abused.", "replies": [{"id": "hmkjp3d", "text": "That's good insight. Thank you. There is a similar Multifamily nearby, and it's highrent but I haven't experienced any big negatives yet: dumping, etc.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmjcube", "text": "Sounds like a chance to unload a vacant commercial lot to a residential developer", "replies": [], "depth": 1}, {"id": "hmkr4ni", "text": "I think that those neighborhoods that this type of activity is happening is a keeper. Which state of you don\u2019t mind me asking?", "replies": [], "depth": 1}]